Latest Bank of America Corporation News

Abortion ruling thrusts companies into divisive arena

Jun. 25, 2022 10:18 AM EDT

The Supreme Court's decision to end the nation’s constitutional protections for abortion has catapulted businesses of all types into the most divisive corner of politics. Some companies that stayed silent last month — when a draft opinion by Justice Samuel Alito was leaked to...

Fed's Powell facing rising criticism for inflation missteps

Jun. 21, 2022 17:06 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. Inflation has proved...

Hot inflation dims likelihood Fed can achieve 'soft landing'

Jun. 13, 2022 14:10 PM EDT

WASHINGTON (AP) — For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession. Yet with the Fed set to announce another sharp interest rate hike...

Buffett's firm reveals new stakes in Paramount, Citigroup

May. 16, 2022 20:31 PM EDT

OMAHA, Neb. (AP) — Warren Buffett's company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the biggest investments with Berkshire Hathaway shareholders at the company's recent...

PGA Tour returns to Mexico, LPGA Tour stays in Los Angeles

Apr. 26, 2022 10:03 AM EDT

PGA TOUR MEXICO OPEN Site: Vallarta, Mexico. Course: Vidanta Vallarta. Yardage: 7,456. Par: 71. Television: Thursday-Friday, 3:30-6:30 p.m. (Golf Channel); Saturday-Sunday, 1-3 p.m. (Golf Channel), 3-6 p.m. (CBS). Prize...

Southwest Gas, Bank of America rise; Schwab, DiDi fall

Apr. 18, 2022 16:22 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Bank of America Corp., up $1.28 to $38.85. The bank posted a much smaller decline in profits than some rivals reported last week. Twitter Inc., up $3.37 to $48.45. ...

Bank of America Q1 profits fall 12%, much less than rivals

Apr. 18, 2022 12:34 PM EDT

NEW YORK (AP) — Bank of America posted a 12% decline in first-quarter profits from a year earlier, a decline that was much less than the ones its rivals had reported the previous week. The nation's second-largest bank was helped by higher net interest income and very modest exposure to Russian...

Police say armed bank robbery suspect killed in Fontana

Apr. 07, 2022 21:04 PM EDT

FONTANA, Calif. (AP) — Police shot and killed a suspected bank robber Thursday at a shopping plaza in Fontana, authorities said. Police began receiving 911 calls at about 1:30 p.m. reporting that a gunman was robbing the Bank of America on Summit Avenue, and some officers who were...