Latest Bank of America Corporation News

A SWAT team sniper in Florida killed a bank hostage-taker armed with a knife, sheriff says

Feb. 06, 2024 19:37 PM EST

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...

Bucking industry trends, Chase to open 500 new locations largely in cities where rivals dominate

Feb. 06, 2024 11:50 AM EST

NEW YORK (AP) — JPMorgan Chase plans to open at least 500 new branches in the next three years, the bank said Tuesday. It will reverse a decade-long industry trend where banks like JPMorgan and Bank of America have closed branches as fewer Americans need to cash a paycheck or pull money out of an...

Small business payroll growth is moderating, but that could mean more sustainable growth ahead

Jan. 30, 2024 12:02 PM EST

NEW YORK (AP) — Payroll payments per small business moderated as 2023 came to a close, according to new data from Bank of America. The BofA report found that payroll payments rose 1.7% in December at small businesses. That's consistent with the general trend last year, with...

With merger scuttled, Spirit Airlines faces an uncertain future. Is bankruptcy a possibility?

Jan. 17, 2024 19:13 PM EST

Spirit Airlines hasn’t made money since before the pandemic, ticket sales haven’t bounced back as quickly as the carrier expected, and dozens of its planes will be grounded at times this year because of a problem with the engines. A sale to JetBlue represented a lifeline for...

Banks prepare to take on the Biden administration over billions of dollars in overdraft fees

Jan. 16, 2024 16:26 PM EST

NEW YORK (AP) — The squabble over billion of dollars in overdraft fees that Americans get charged every year is intensifying. The Consumer Financial Protection Bureau is expected to propose rules this week that further rein in banks' ability to charge customers a fee when they...

Emhoff will discuss antisemitism and gender equity at World Economic Forum meeting in Switzerland

Jan. 16, 2024 07:14 AM EST

WASHINGTON (AP) — Doug Emhoff, the husband of Vice President Kamala Harris, is taking his advocacy against antisemitism, Islamophobia and other forms of hate to the snow-capped Swiss Alps. Emhoff will make his first-ever appearance at the World Economic Forum in Davos,...

Banks upbeat on US consumer despite bank profit declines, inflation and rising debt levels

Jan. 12, 2024 18:27 PM EST

NEW YORK (AP) — The biggest banks in the country posted strong profits last year, helped by higher interest rates and a strong economy, despite having to deal with the lingering industry costs of last year's banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank. ...

Bank of America, Delta Air Lines fall; Valero Energy, Newmont rise, Friday, 1/12/2024

Jan. 12, 2024 16:20 PM EST

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Bank of America Corp., down 35 cents to $32.80. The bank's profit and revenue fell short of analysts' forecasts. Delta Air Lines Inc., down $3.79 to $38.47. ...

Bank of America: Q4 Earnings Snapshot

Jan. 12, 2024 07:03 AM EST

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Bank of America Corp. (BAC) on Friday reported fourth-quarter profit of $3.14 billion. The bank, based in Charlotte, North Carolina, said it had earnings of 35 cents per share. Earnings, adjusted for non-recurring costs, were 70 cents...

Stock market today: Asian shares are mostly higher after a mixed close on Wall Street

Jan. 11, 2024 22:33 PM EST

BANGKOK (AP) — Asian shares were mostly higher on Friday after Wall Street drifted to a mixed close. Tokyo’s benchmark extended its New Year's rally, trading well above 35,000 and at its highest level since 1990. U.S. futures were nearly unchanged and oil prices surged. ...