Morgan Stanley analyst Betsy Graseck on Tuesday upgraded Bank of America Corp., Goldman Sachs Group Inc., Citigroup Inc. and Bank of New York Mellon Corp. on optimism around pared-back capital requirements now under study by the the U.S. Federal Reserve.Morgan Stanley also said the entire group of big-bank stocks look attractive, and lifted price targets by a median of 16% across the board on 12 of them.If banks are not required to hold quite as much capital as in the initial Basel III endgame proposal by r ...

Innovations Within the CashPro® Platform Lead to Top Scores Within Digital Channels, Payments & Treasury Management Categories Company Also Receives 2023 Greenwich Excellence Awards for Digital Experience in Serving Large Corporate Clients CHARLOTTE, N.C., Jan. 30, 2024 /PRNewswire/ -- Bank of America has received top scores in the annual Coalition Greenwich Digital Transformation Benchmarking Study in recognition of ongoing enhancement of its CashPro® platform. CashPro is the company's digital banking plat ...

Bank of America (BAC 0.12%) reported mixed 2024 fourth-quarter financials. Revenue missed Wall Street estimates by more than $1.5 billion, while adjusted earnings per share of $0.70 beat consensus forecasts. The business continues to navigate the challenging macro landscape.Before making a decision about the company as it relates to your portfolio, like whether it's a buy, sell, or hold, it's worthwhile to look at both the bull and bear cases for this top bank stock.A top Warren Buffett stockBerkshire Hatha ...

CHARLOTTE, N.C., Jan. 26, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on February 4, 2024 all $750,000,000 principal amount outstanding of its Floating Rate Senior Notes, due February 2025 (CUSIP No. 06051GKF5) (the "Floating Rate Notes"), and all $1,750,000,000 principal amount outstanding of its 1.843% Fixed/Floating Rate Senior Notes, due February 2025 (CUSIP No. 06051GKG3) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Notes"). ...

The banking sector got a wake-up call in early 2023 from a few high-profile meltdowns. Although the run on several regional banks didn't spread far, it reminded investors that banking can be risky if companies don't handle themselves in a conservative manner. That's why investors will likely be attracted to industry giants Toronto-Dominion Bank (TD 0.74%) and Bank of America (BAC 1.24%), and why they might want to steer clear of Wells Fargo (WFC 0.79%). Here's what you need to know.A minor setback for Toron ...

The Big Banks like Bank of America (BAC 1.24%) are the foundation of the U.S. economy. They're so crucial that the government intervened to prevent them from failing during the financial crisis in 2008-2009.Fortunately, regulations were put in place to help prevent that situation from happening again, and Bank of America has become a rockstar dividend stock over the years following the crisis.Warren Buffett even made the bank one of Berkshire Hathaway's top holdings. But don't take his word or my word for i ...

Bank of America Corp. has issued “letter of education” messages that threaten disciplinary action against employees who choose to work from home, as the megabank puts some teeth into its return-to-office mandates.Bank of America and other big banks have not updated their postpandemic return-to-office policies despite a surge in COVID cases over the winter, although if employees are sick, they are being urged to stay home.Also read: Looking for a remote job? Your chances of finding one are dropping, Indeed s ...

Global Syndicate Community Reaches 342023 Yields Milestones in Platform Activity and Product Growth NEW YORK and LONDON, Jan. 24, 2024 /PRNewswire/ -- DirectBooks, a global leader in primary markets communications, announced today that Santander, Ramirez & Co. and Mischler Financial Group have joined the platform. The recent additions increase the number of underwriters participating on DirectBooks to 34 worldwide. "DirectBooks welcomes our newest members as we continue to fulfill our goal of broadening our ...

U.S. banking earnings have been an awaited one as investors’ view toward the banking sector has dwindled last year, thanks to the U.S. regional banking crisis emanating in March 2023 and investors’ shifting deposits to big banks. Although the crisis has subsided considerably, investors' attention will undoubtedly be focused on the earnings of the big banks.The financial sector, which accounts for around one-fifth of the S&P 500 Index, had a mixed Q4. Three out of six big U.S. banks were able to beat overall ...

New Merrill Research Explores Financial Attitudes and Priorities Across Black/African American, Hispanic-Latino and LGBTQ+ Communities NEW YORK, Jan. 23, 2024 /PRNewswire/ -- Today, Merrill Wealth Management published three studies examining the financial challenges, concerns and successes of the affluent Black/African American, LGBTQ+ and Hispanic-Latino communities in the United States. "Diverse Viewpoints: Trends Reports" builds on past research and uncovers how these groups navigated a tumultuous econom ...