SPOKANE, Wash. and BOISE, Idaho, Oct. 24, 2024 /PRNewswire/ -- Bank of America has named Lauren Murray president of Bank of America Spokane/Boise. As president and head of the market, Murray will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank's eight lines of business. She succeeds Kurt Walsdorf, who recently retired after 40 years of service to the company.Lauren MurrayMurray will also oversee the bank's efforts to grow market and lead th ...

Although Nvidia (NASDAQ: NVDA) stock hit a new record high early this week, Bank of America (NYSE: BAC) Semiconductor Analyst Vivek Arya has maintained that the semiconductor giant remains ‘undervalued,’ especially compared to its peers.Arya arrived at this conclusion by emphasizing that the company’s revenue potential is far greater than many investors currently realize, during a recent interview with Yahoo Finance. Like most technology companies, the expert believes Nvidia’s valuation lags behind its actu ...

Company's patent portfolio includes nearly 1,100 AI and machine learning patentsCHARLOTTE, N.C. and LONDON and HONG KONG, Oct. 23, 2024 /PRNewswire/ -- Bank of America is dedicated to the use of innovative technology to best meet the needs of its clients and employees. This commitment to innovation has led to a 94% increase in artificial intelligence (AI) and machine learning (ML) granted patents and pending patent applications since 2022. Today, the company has nearly 1,100 AI and ML patents and pending ap ...

Growth Surge Driven by CashPro® API Network and CashPro Developer Studio NEW YORK and SINGAPORE and LONDON, Oct. 22, 2024 /PRNewswire/ -- The demand for real time data and transaction processing is driving a record number of Bank of America business clients to adopt Application Programming Interfaces (APIs). Over the last 12 months, Bank of America has seen a 51% increase1 in clients using APIs, with growth driven by innovations that have simplified onboarding and accelerated speed to transact. "CFOs face e ...

Consumer and Small Business Cardholders Automatically Earn Extra Cash Back, Miles or Points as They Prep for the Holiday SeasonCHARLOTTE, N.C., Oct. 22, 2024 /PRNewswire/ -- Bank of America announced the return of its highly anticipated More Rewards Day, taking place on Thursday, November 7, 2024. Now in its third year, this annual event offers a unique opportunity for Consumer and Small Business credit cardholders to earn extra rewards on their purchases, just in time for the holiday season. Last year, par ...

About My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing sinc ...

We also kick off a series exploring Warren Buffett's Berkshire Hathaway.In this podcast, Motley Fool contributor Matt Frankel joins host Ricky Mulvey for a look at bank earnings.They discuss:Why Charles Schwab is welcoming a rate-cutting cycle.Goldman Sachs' biggest red flag.Bank of America CEO Brian Moynihan's outlook on the American economy.Then, Motley Fool analyst Buck Hartzell joins host Alison Southwick and Motley Fool personal finance expert Robert Brokamp to kick off a series on Berkshire Hathaway, ...

"When FX risk is managed appropriately and efficiently, it can bring enormous value to companies that process large volumes of cross-border payments," said Bhupen Velani, head of Transactional FX Trading in Global Markets at Bank of America. "As our clients' business models have evolved, these volumes have increased, and so too has the appeal to lock in FX rates with longer tenors." In recent years, the volume and value of cross-border payments has continued to dramatically increase with much of the volume ...

Why is Buffett quietly offloading a significant chunk of Berkshire Hathaway's long-held stake in Bank of America?The "Oracle of Omaha" didn't get that name for his lack of foresight. Warren Buffett's ability to read the tea leaves, as it were, has made him a very rich man over his 60-year career. So when the billionaire investor makes substantive changes in his company's key holdings, people pay attention. Why, then, is Buffett scaling back one of Berkshire Hathaway's (BRK.A 0.12%) (BRK.B -0.23%) central in ...

On the face of it, Wall Street seems to like Bank of America CEO Brian Moynihan. Last week, the nation’s second-biggest bank said its earnings fell less than expected, and the media portrayed it as a victory. The stock went up. Ask analysts and investors, and there’s a vague consensus: Hey, the CEO has been there for 15 years. Let the board grant his wish: Let him run the place for five more — until he’s 70. Inside, however, the troops are getting restless, and for plenty of reasons. Culturally, Moynihan is ...