The financial sector ( XLF ) has performed well in 2024, and even better in Q4 following the US election. Bank of America (NYSE: BAC ) has kept pace and looks set to challenge its all-time high of $55 next year. ThisMy approach is long-term and I focus on investing in macro ideas through low risk ETFs and CEFs. I have traded stocks and currencies for nearly ten years and currently run a family fund with my partner and fellow SA contributor Andrew McElroy. I also invest in real estate and am a freelance writ ...

In August 2024, Bank of America became the Official Bank Sponsor of the FIFA World Cup 26™. Through this agreement, FIFA and Bank of America have committed to working together to support the growth of the global game and the tournament's impact on football fans of all ages, abilities and backgrounds. Ahead of the FIFA Club World Cup 2025 official draw in Miami this Thursday, the organisations have expanded the partnership to include next year's global club showpiece. Matches at the FIFA Club World Cup 2025 ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Bank of America (BAC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Bank of America currently h ...

Bank of America (BAC) shares have been performing well this year. The stock is currently trading near its 52-week high of $48.08 (touched on Black Friday, Nov. 29).Quarter to date, BAC stock has risen 18.6%, outperforming the Zacks Finance sector and the S&P 500 Index. Also, it has fared better than its industry peers — Citigroup (C) and JPMorgan (JPM) .Quarter-to-Date Price Performance Image Source: Zacks Investment ResearchTechnical indicators also suggest strength for BAC. The stock is trading above its ...

"Empowering community leadership through training and resources is a powerful and unique way we've found to help nonprofits maximize their long-term impact in local communities," said AJ Barkley, Head of Corporate Social Responsibility (CSR), Bank of America. "After 20 years, we continue to invest in this program because it leads to success for the nonprofits and the communities they support." Annually, Neighborhood Builders provides multi-year flexible funding to local nonprofits and prioritizes leadership ...

Two of the 29 global systemically important banks (G-SIBs) moved to different “buckets” in 2024, meaning they will have a higher or lower capital requirement than they did before, the Financial Stability Board (FSB) said Tuesday (Nov. 26).Groupe Crédit Agricole moved from bucket 1 to bucket 2, corresponding to a higher capital requirement, while Bank of America moved from bucket 3 to bucket 2, corresponding to a lower one, FSB said in a press release outlining the findings from its 2024 List of Global Syste ...

CHARLOTTE, N.C., Nov. 26, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on December 6, 2024, all $2,000,000,000 principal amount outstanding of its 1.530% Fixed/Floating Rate Senior Notes, due December 2025 (CUSIP No. 06051GKE8) (the "Notes"), at a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but excluding, the redemption date of December 6, 2024.  Interest on the Notes will cease to accrue on the redemption ...

Bank of America Corporation (BAC) shares touched a new 52-week high of $47.74 during Monday’s trading session. Quarter to date, the stock has risen 19.7%, outperforming the Zacks Finance sector and the S&P 500 Index. Also, BAC stock has fared better than its industry peers — Citigroup Inc. (C) and JPMorgan Chase & Co. (JPM) .Quarter-to-Date Price PerformanceImage Source: Zacks Investment ResearchDoes BAC stock have more upside left despite hitting a 52-week high? Let’s try to find out.Factors Likely to Impa ...

In the latest trading session, Bank of America (BAC) closed at $47.50, marking a +1.06% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.3%. Elsewhere, the Dow gained 0.99%, while the tech-heavy Nasdaq added 0.27%.The nation's second-largest bank's stock has climbed by 12.2% in the past month, exceeding the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.The upcoming earnings release of Bank of America will be of great interest to investors. In that re ...

Private Bank market executive for Michigan and Minnesota, will also oversee the bank's efforts to grow market shareDETROIT, Nov. 20, 2024 /PRNewswire/ -- Bank of America has named Ed Siaje president of Bank of America Detroit. As president and head of the market, he will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank's eight lines of business. He succeeds Matt Elliott, who recently retired from the company. Ed Siaje Siaje will also ov ...