Bank of America remains resilient, with Q4 showing revenue growth across all core segments and improved profitability overall. Guidance for 2026 is respectable, with NII expected to grow 6% at the midpoint. Continued resilience is expected. Private credit turmoil presents both opportunity and risk as the firm has committed its own capital to the asset class while also offering short products.
Bank of America has agreed to pay victims of notorious sex offender Jeffrey Epstein $72.5 million to settle a class action lawsuit alleging that the bank facilitated his sex trafficking operation, a New York federal court filing showed. The settlement, in which BoA did not admit wrongdoing, is the third settlement by a major bank of legal claims by Epstein victims alleging they effectively abetted his trafficking.
Leon Black used Bank of America while paying Epstein $170 million, according to the lawsuit.
Bank of America has formed a new team within its investment bank that is focused on helping private equity firms exit their investments, Bloomberg reported Wednesday (March 25).
Bank of America (BAC) closed at $48.75 in the latest trading session, marking a +1.27% move from the prior day.
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Bank of America (BAC) concluded the recent trading session at $48.14, signifying a +1.3% move from its prior day's close.
Private credit funds' exposure to software has come back to bite them, presenting new risks and opportunities for banks.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes?
Bank of America has reached a settlement “in principle” in a class action lawsuit brought on by Epstein accusers. The lawsuit alleged that “throughout its relationship with Epstein, Bank of America violated numerous banking laws and regulations in order to conceal and continue its lucrative venture facilitating the Epstein sexual abuse and sex-trafficking scheme.
Fed's plan to cut capital buffers could free up lending and boost growth for banks like JPMorgan, while keeping intact more than $800B in safeguards.
JPM, BAC, C, WFC & KEY slide as the Fed holds rates at 3.5-3.75% and flags higher inflation, signaling a tough near-term outlook for banks' financial performance.