Latest Bank of America Corporation News

Capital One drops all overdraft fees, latest bank to do so

Dec. 01, 2021 11:19 AM EST

NEW YORK (AP) — Capital One said Wednesday that will get rid of all overdraft fees, the latest bank to do so this year and one of the largest financial institutions to shy away from the long-hated practice. The Virginia-based bank said it will still allow customers to...

Stocks end mostly lower, but tech gains push Nasdaq higher

Nov. 19, 2021 17:10 PM EST

Wall Street closed out a week of choppy trading with stocks mostly lower Friday, though gains for several tech companies pushed the Nasdaq composite to another record high and its first close over 16,000 points. The S&P 500 index gave up 0.1% a day after setting an...

Louisiana bars banking giant from bond deal over gun policy

Nov. 18, 2021 16:48 PM EST

BATON ROUGE, La. (AP) — Louisiana officials Thursday blocked banking giant JP Morgan Chase from participating in a bond refinancing deal, in Republicans' escalating effort to keep some large investment firms sidelined from state work because they limit business with firearm manufacturers. ...

Stocks retreat in Asia as China inflation pushes higher

Nov. 09, 2021 23:18 PM EST

Asian shares fell Wednesday, tracking Wall Street’s retreat, with Chinese benchmarks leading the decline after the government reported a surge in inflation in October. China's consumer price index, a main measure of inflation, rose 1.5% in October, up from 0.7% the...

30 business leaders are promoting sustainable investments

Oct. 19, 2021 20:09 PM EDT

UNITED NATIONS (AP) — Thirty top business leaders are seeking to encourage private investment to help the U.N. achieve development goals for 2030, including tackling climate change, preserving the environment, ending poverty, promoting economic growth, and improving health care and...

As Bitcoin goes mainstream, Wall Street looks to cash in

Oct. 19, 2021 11:55 AM EDT

NEW YORK (AP) — Love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day. Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world's most valuable company, Apple, and have...

North Carolina police see bank robbers switch getaway cars

Oct. 19, 2021 08:30 AM EDT

CHARLOTTE, N.C. (AP) — Three men accused of robbing a bank in North Carolina had one flaw in their plans to elude police, authorities said. Charlotte-Mecklenburg police said in a news release shortly after the men robbed a Bank of America branch on Friday, an officer...

UnitedHealth, Bank of America rise; Occidental, Boeing fall

Oct. 14, 2021 16:26 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Thursday: UnitedHealth Group Inc., up $16.81 to $420.36. The health insurer raised its profit forecast for the year after reporting strong third-quarter financial results. ...

Bank profits soar, helped by merger frenzy, fewer bad loans

Oct. 14, 2021 13:57 PM EDT

NEW YORK (AP) — It's good to be a bank right now. Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won't likely recoup. The results for...

‘Make-or-break quarter’ on Wall Street as earnings roll in

Oct. 14, 2021 09:31 AM EDT

NEW YORK (AP) — Crunch time is coming to Wall Street. Throughout this gilded year for investors, growth has kept accelerating for all kinds of forces that boost stock prices, sending the S&P 500 to more than 40 records. Now, though, investors are preparing for life...