Mark Cabana, Co-Head of Global Rates Research at Bank of America Securities, came on CNBC this morning ahead of the FOMC decision with a thesis that has very little to do with the dot plot and almost everything to do with the man holding the gavel.
JPM, BAC and others face a two-sided Fed setup: higher rates may lift NII, but funding costs, credit risk and securities pressures could rise.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has rolled out new AI-powered search capabilities across its apps as part of a broader push into AI-native products, with Bank of America analysts saying the update could mark an early step toward a larger search and monetization opportunity within the company's ecosystem. Bank of America wrote in a note that Meta's new “AI Mode” search feature on Facebook allows users to find answers based on public posts across Meta platforms, including Groups and Reels.
Bank of America plans real-time global payments via Swift and CashPro, aiming to boost fee revenues, win more payment flows and deepen client ties.
The debate over stablecoin regulation has always had a deeper question underneath it. Do blockchain-based payment systems become an extension of the banking sector or remain permanently adjacent to it?
The Justice Department has sent subpoenas to several of America's largest banks as part of an investigation into alleged politically motivated debanking of clients, The Wall Street Journal reported Wednesday (June 10), citing unnamed sources. Recipients of the subpoenas include Bank of America, JPMorganChase and Wells Fargo, according to the report.
Bank of America introduced a credit card feature to let clients pay over time. The bank's Custom Pay Plan is one of three new offerings, along with a new loyalty program and credit monitoring services, according to a Wednesday (June 10) press release.
The Bank of America (NYSE:BAC | BAC Price Prediction) checklist of pre-peak warning signs is flashing at 70%, matching the rough average reading seen at the last seven major stock market tops over the past 35 years.
Bank of America Corporation (BAC) Presents at Morgan Stanley US Financials Conference 2026 Transcript
Bank of America may exceed the initial forecast of 15% growth in revenue for its markets business in the second quarter, fueled by the equities business, Co-President Jim DeMare said on Tuesday.
Major banks like JPM, BAC, C and WFC plan a tokenized deposit network by 2027, aiming to counter stablecoins with blockchain-based, 24/7 payments.
Bank of America BAC and Truist Financial Corporation TFC operate in the same banking landscape but offer investors very different risk-reward profiles. Bank of America stands out for its global scale, diversified revenue streams and strong deposit franchise, positioning it to benefit from improving capital markets activity, easing funding pressures and a more favorable rate backdrop.