Latest Bank of America Corporation News
Japan's currency falls to its weakest since 1990 against the dollar as the yen keeps yelping
NEW YORK (AP) — Some of the world's wildest action in financial markets is roiling around the Japanese yen. The value of Japan's currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1. A few years ago, it took closer to 100 yen to make a U.S. dollar....
Bank of America's Q1 profits fall 18% on higher expenses, charge-offs
NEW YORK (AP) — Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts' estimates. The Charlotte, North Carolina-based bank posted a profit of $6.67 billion, or 76...
Bank of America: Q1 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Bank of America Corp. (BAC) on Tuesday reported first-quarter net income of $6.67 billion. The bank, based in Charlotte, North Carolina, said it had earnings of 76 cents per share. Earnings, adjusted for non-recurring costs, came to...
Stock market today: Asian markets are mixed after a slow day on Wall St ahead of US inflation update
BANGKOK (AP) — Shares were mixed in Asia on Wednesday after U.S. stock indexes held at a near standstill ahead of some potentially market-moving reports. Hong Kong's Hang Seng gained 1.9% to 17,144.54, while the Shanghai Composite index slipped 0.3% to 3,088.25. ...
Federal Reserve still foresees 3 interest rate cuts this year despite bump in inflation
WASHINGTON (AP) — Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation remained elevated at the start of the year. For now, the officials kept their...
Nvidia's stock market value rose $273 billion in a day. How it rose to AI prominence, by the numbers
Nvidia’s stock price jumped 16% on Thursday, increasing the company’s market value by a staggering $273 billion in just one day, a record amount. The chipmaker has been seeing soaring demand for its semiconductors, which are used to power artificial intelligence, or AI...
A SWAT team sniper in Florida killed a bank hostage-taker armed with a knife, sheriff says
FORT MYERS, Fla. (AP) — A deputy shot and killed a man Tuesday after he took people hostage and claimed to have a bomb at a Florida bank, authorities said. The Lee County Sheriff's Office responded to a Bank of America branch in Fort Myers shortly before noon, Sheriff Carmine...
