Bank of America Corporation (NYSE:BAC) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 11:00 AM ET Company Participants Brian Moynihan - CEO Conference Call Participants John McDonald - Bernstein Stock Analyst John McDonald Okay. We're ready to get going. Thanks, everyone. We're very happy to have Bank of America back today. CEO Brian Moynihan. Brian, thanks so much for coming back. Brian Moynihan John, it's been many times. Good to see you again. Question-and-Answer Session Q - John McD ...

S&P 500’s robust performance in the first 100 days of 2024 suggests a bullish outlook for the remainder of the year, according to Bank of America (NYSE:BAC) analysts. As markets continue to grind higher, Wall Street analysts are actively issuing analyst upgrades, revisiting their research coverage to update ratings and reflect the optimistic market trends. According to BofA, when the S&P 500 rises more than 10% within the first 100 days, the index typically continues to perform well, with a 76% probability ...

Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.U.S. consumers and businesses alike have turned cautious on spending this year because of elevated inflation and interest rates, according to Bank of America CEO Brian Moynihan.Whether its households or small- to medium-sized businesses, Bank of America clients are slowing down the rate ...

July Alcantara/E+ via Getty Images Investment Thesis Have you already planned your next vacation trip? How about constructing an extensively diversified dividend portfolio that allows you to fund your next vacation with dividend payments from companies such as Coca-Cola (NYSE:KO), Verizon (NYSE:VZ), Altria (NYSE:MO) and Realty Income (NYSE:O)? Appropriately selecting high dividend yield companies is crucial for a well-balanced dividend portfolio that can generate a significant amount of passive income v ...

Bank of America (BAC) ended the recent trading session at $39.32, demonstrating a -0.96% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.03%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, added 0.59%.The nation's second-largest bank's shares have seen an increase of 5.73% over the last month, surpassing the Finance sector's gain of 2.95% and the S&P 500's gain of 4.19%.The upcoming earnings release of Bank of America will be of great intere ...

The billionaire hedge fund manager doesn't need dividend income. But he'll get more of it after his Q1 purchases.Who's the greatest living hedge fund manager? A good case can be made for Ken Griffin. Citadel, which he founded in 1990, is one of the biggest and most successful hedge funds. Griffin's net worth stands at nearly $38 billion, enough to land him the No. 42 spot among the wealthiest people in the world. The billionaire investor doesn't need income from his stocks. However, that hasn't stopped him ...

Given that Europe’s initial-public offering (IPO) market has been recovering after almost two years of weak trading activities, Bank of America Corporation (BAC) seeks to build out its equity capital markets franchise in the region. The news was first reported by Bloomberg.James Palmer, BofA’s head of equity capital markets in Europe, the Middle East and Africa, said in an interview that last year, the bank made a “conscious decision” to focus particularly on stake sales by large shareholders.Palmer stated, ...

2024 Workplace Benefits Report finds financial wellness gender gap widening and greater concern over cost-of-living increases CHARLOTTE, N.C., May 21, 2024 /PRNewswire/ -- Today, 47% of American workers feel financially well, up from 42% at this time last year. This is according to Bank of America's 14th annual Workplace Benefits Report, "The Resurging Workforce." Conducted in partnership with Bank of America Institute, the report also found that 53% of employees are concerned that economic uncertainty will ...

CHARLOTTE, N.C., May 16, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series JJ (CUSIP No. 060505FN9), liquidation preference $25,000 per share (the "Series JJ Preferred Stock"), and the corresponding depositary shares each representing a 1/25th interest in a share of the Series JJ Preferred Stock (CUSIP No. 060505FP4) (the "Series JJ Depositary Shares").  Bank of America also announc ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...