Latest Bank of America Corporation News

Today in History

Sep. 15, 2021 00:11 AM EDT

Today in History Today is Wednesday, Sept. 15, the 258th day of 2021. There are 107 days left in the year. Today’s Highlight in History: On Sept. 15, 2001, President George W. Bush ordered U.S. troops to get ready for war and...

PNC to raise base wages to $18 an hour, latest bank to do so

Aug. 30, 2021 08:32 AM EDT

NEW YORK (AP) — PNC Bank is the latest large U.S. financial services company to increase wages in a bid to keep and attract employees, raising its minimum wage to $18 an hour while also giving higher-paid workers a bump in pay. The bank said Monday that the wage...

Editorial Roundup: New England

Aug. 06, 2021 17:05 PM EDT

Portland Press Herald. August 6, 2021. Editorial: Maine State Police justified in plan to use body cameras The equipment is expensive, but it will boost accountability and public confidence in the agency’s work. Vast stretches...

Asian shares trading mixed as China reports growth slowed

Jul. 14, 2021 23:11 PM EDT

TOKYO (AP) — Asian shares were mixed Thursday, taking their cue from a wobbly day of trading on Wall Street. China reported its economy expanded at a 7.9% annual rate in the last quarter, down from 18.3% in January-March. But that reflected a...

Apple, Jefferies rise; Bank of America, Lennox fall

Jul. 14, 2021 16:23 PM EDT

Stocks that traded heavily or had substantial price changes Wednesday: Bank of America Corp., down $1 to $38.36. The bank's revenue fell short of Wall Street forecasts. American Airlines Group Inc., up 60 cents to $20.62. ...

Citigroup profits soar due to fewer bad loans

Jul. 14, 2021 09:52 AM EDT

NEW YORK (AP) — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad loans on the bank's balance sheet. Citi is the latest big bank to see profits soar this quarter, along with JPMorgan Chase, Bank...

Bank of America's 2Q profit jumps, helped by fewer bad loans

Jul. 14, 2021 07:50 AM EDT

NEW YORK (AP) — Bank of America’s second quarter profit more than doubled from a year earlier, as the consumer banking giant was able to move more loans onto the “good” side of its balance sheet as the pandemic wanes. BofA is the latest of the big Wall Street...

Stocks close higher, capping a 3rd straight week of gains

Jul. 09, 2021 17:00 PM EDT

Bond yields rebounded solidly and stock indexes notched new highs Friday as Wall Street closed out a choppy, holiday-shortened week of trading with the market's third straight weekly gain. The S&P 500 index rose 1.1% to an all-time high for the second time this week....

How major US stock indexes fared Friday

Jul. 09, 2021 16:40 PM EDT

Stocks closed with solid gains on Wall Street Friday, ending a holiday-shortened week with their third straight weekly gain. The S&P 500 rose to another record high, led by banks and technology stocks. Big companies will start reporting their quarterly earnings next...

Asian shares slip after Wall Street retreat, bond yields dip

Jul. 09, 2021 00:30 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Friday after stocks pulled back from their recent record highs on Wall Street as bond yields fell and investors turned cautious. Tokyo’s Nikkei 225 lost nearly 2%. Shares fell in Seoul, Sydney and Shanghai but rose...