Latest Bank of America Corporation News

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...

JPMorgan's 3Q profits rise, but low rates weigh on revenue

Oct. 13, 2021 13:05 PM EDT

NEW YORK (AP) — JPMorgan Chase posted a 24% jump in third-quarter profits on Wednesday, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels. Despite the slow revenue growth, the bank...

Asian shares mixed after muddled day of trading on Wall St

Oct. 13, 2021 01:09 AM EDT

Shares were mixed in Asia on Wednesday after an up-and-down day on Wall Street ended with most benchmarks lower as traders waited for updates on inflation and corporate earnings. Tokyo's Nikkei 225 index fell 0.3% to 28,158.28 and the S&P/ASX 200 edged 0.1% lower to...

Stocks give up an early gain and end lower on Wall Street

Oct. 11, 2021 16:42 PM EDT

Stocks closed broadly lower after a day of choppy trading on Wall Street Monday as investors prepare for a busy week of corporate earnings and inflation updates. The major indexes made early gains, but slowly fizzled as the day progressed. The S&P 500 fell 30.15...

Man on death row for killing St. Louis bank guard dies

Oct. 01, 2021 16:27 PM EDT

ST. LOUIS (AP) — A Missouri man on federal death row for a 2002 botched bank robbery that left a security guard dead has died in prison. Robert Bolden Sr., 58, died Sunday behind bars, the St. Louis Post-Dispatch reported. The Federal Bureau of Prisons did not give the...

How to benefit from corporate pledges to minority businesses

Sep. 30, 2021 07:01 AM EDT

Since the start of 2020, companies from Bank of America and JPMorgan Chase to Google and Twitter have pledged billions of dollars to support entrepreneurs of color. All those dollars don’t go directly into business owners’ pockets, however. Many are being invested in...

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...