When interest rate-cutting cycles hit the stock market, investors typically assume that they will positively affect most stocks, but that's just not the case. Some could benefit, such as consumer discretionary names and others in the energy sector, considering that consumer and business activity tends to rise after cuts.
Brian Moynihan, CEO of Bank of America, joins CNBC's 'Power Lunch' to discuss his reactions to the Federal Reserve's decision to cut rates by 50 basis-points, whether he thinks inflation should continue to be at the forefront for the central bank, and more.
Bank of America (BofA) plans to open dozens of branches over the next two years. Nearly 40 of those openings will happen this year, according to a Monday (Sept.
Aron Levine, president of preferred banking at Bank of America, discusses plans for the company to open more than 165 financial centers by the end of 2026 and how the bank is serving customers with a “reduced, but transformed” footprint. -------- More on Bloomberg Television and Markets Like this video?
Buffett has been dumping stocks and raising cash lately. Bank of America has been Buffett's favorite bank stock for years.
Warren Buffett's conglomerate unloaded another $900 million worth of shares.
As the Fed cut the interest rates, banks, including BAC, C, CMA and JPM, are expected to witness a gradual turnaround in their financial performance next year.
Bank of America (BAC) closed at $39.62 in the latest trading session, marking a +0.18% move from the prior day.
Zacks.com users have recently been watching Bank of America (BAC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Renowned investor Warren Buffett, known for his long-term stock picks and strategic patience, is on a selling spree.
In the closing of the recent trading day, Bank of America (BAC) stood at $39.10, denoting a +1.16% change from the preceding trading day.
Bank of America has hired Citigroup's Chief Accounting Officer Johnbull Okpara to act in the same position, the Financial Times reported on Monday.