Bank of America (BAC) shares soared 6.1% in the last trading session to close at $37.15. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.6% loss over the past four weeks.The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.This nation's second-largest bank is expected to post quarterly earnings of $0.81 p ...

"When kids get involved in sports, they learn first-hand about achieving their goals and develop lifelong skills that help them thrive," said David Tyrie, President, Marketing, Digital & Specialized Consumer Client Solutions, Bank of America. "By working with Youth on Course to help make golf more accessible, we're helping grow the sport while also making a positive impact in our communities." Through Golf with Us, BofA will also bring unique instructional opportunities to youth in select markets throughout ...

Bank of America Corporation (NYSE: BAC ) is set to report its Q1 2025 earnings results on April 15 before the market opens. On January 16, the bank issued strong guidance both for FY 2025, andI’m passionate about finance and investing, focusing on business analysis, fundamental analysis, valuation, and long-term growth, especially in sectors like AI, fintech, finance and tech. I study finance and economy and have hands-on experience in equity research, financial modeling, and creating investment content. I ...

One of the biggest banks in the United States, Bank of America (BAC) , is scheduled to announce first-quarter 2025 results on April 15 before the opening bell.   Among BAC’s close peers, JPMorgan (JPM) is slated to report on April 11 and Citigroup (C) on April 15. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.  Bank of America’s fourth-quarter performance was solid, driven by impressive capital markets performance and growth in net interest income (NII). This time, the company’s p ...

CHARLOTTE, N.C.  , April 8, 2025 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:  Series of Preferred Stock Dividend per Share or Depositary Share1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.30499 April 30 May 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,267.78300 Ma ...

Highlights Bank of America is investing $4 billion in AI and new tech initiatives in 2025, nearly a third of its total tech budget. More than 90% of BofA employees use the internal AI assistant, reducing IT support calls by more than half. AI tools are driving measurable gains across development, training, customer service and client engagement areas at BofA. Bank of America is allocating $4 billion — or nearly a third of its overall technology budget for this year — toward new initiatives inclu ...

More than 90% of employees use AI-driven virtual assistant for increased efficiency CHARLOTTE, N.C. and LONDON and HONG KONG, April 8, 2025 /PRNewswire/ -- Bank of America uses innovative technology to meet and anticipate the needs of its clients and 213,000 employees. For many years, this commitment has carried through in its approach to AI and machine learning. The technology is embedded today across the company's business lines and areas including global technology, operations, and training. "AI is havin ...

CHARLOTTE, N.C., April 8, 2025 /PRNewswire/ -- As previously announced, Bank of America will report its first quarter 2025 financial results on Tuesday, April 15. The results will be released at approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET. The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings. Investor Conference Call InformationFor a list ...

Core Viewpoint - The announcement of sweeping tariffs by President Trump has led to significant declines in U.S. bank stocks, raising concerns about a potential global trade war and its negative impact on economic growth and inflation [1][6]. Banking Industry Impact - The Dow Jones Industrial Average fell 3.9%, the S&P 500 dipped 4.8%, and the Nasdaq Composite declined 5.9%, with bank stocks performing worse than these major benchmarks [2]. - The KBW Nasdaq Bank Index slid 9.8%, and the S&P Regional Banks Select Industry Index tanked 10.3%, indicating severe pressure on the banking sector [2]. - Major banks such as Citigroup and Bank of America saw their shares plunge more than 10%, while Morgan Stanley, Goldman Sachs, and Wells Fargo declined over 9% [3]. Tariff Details - President Trump announced tariffs ranging from 10% to 50% on imports from various countries, with Chinese products facing a 34% tariff, the European Union at 20%, and Japan at 24% [4][5]. - These tariffs are expected to push overall tariff rates to their highest level in a century, potentially slowing economic growth and reducing investment [6]. Economic Outlook - The new tariffs are likely to complicate the Federal Reserve's efforts to bring inflation down to its 2% target, raising fears of a recession that could negatively impact banks [6][7]. - A potential drop in loan demand and an increase in delinquency rates, particularly in consumer loans, could harm banks' asset quality [7]. - Investment banking income may remain under pressure as companies delay acquisitions due to tariff uncertainties [7]. Future Considerations - Entering 2025, banks had anticipated benefiting from a healthy economy and favorable interest rates, but the outlook has changed dramatically due to the tariffs [8]. - The probability of prolonged market volatility necessitates close monitoring of further tariff plans and broader economic indicators by investors [8]. - Currently, major banks like Bank of America, Morgan Stanley, Citigroup, Goldman Sachs, and Wells Fargo hold a Zacks Rank 3 (Hold) [9].

Group 1 - The article discusses the author's journey into investing, starting in high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, indicating a long-standing interest in markets and the economy [1] - The author has recently adopted a strategy that combines long stock positions with covered calls and cash secured puts, emphasizing a fundamental long-term investment approach [1] - The author primarily covers REITs and financials on Seeking Alpha, with occasional articles on ETFs and other stocks influenced by macro trade ideas [1]