These two banking titans combine cutting-edge AI platforms with attractive valuations, offering investors a chance to profit from the future of automated finance.The financial sector stands at the threshold of its most transformative era since the introduction of the ATM. Artificial intelligence (AI) will revolutionize operations from fraud detection to loan approvals, potentially saving banks billions while enhancing the customer experience.The global AI-in-banking market, valued at $3.88 billion in 2020, ...

Amid the closely fought U.S. presidential election and another imminent interest rate cut by the Federal Reserve, investors are trying to gauge how the stock markets will react. Against this backdrop, Bank of America (BAC) stock is gaining investors’ interest.History has shown that equity markets tend to perform well during election years. Presidential polls will result in heightened near-term market volatility, which will likely support BAC’s trading revenues. The company has been recording a steady rise i ...

Renowned value investor Warren Buffett has made significant changes to his portfolio in 2024. Notably, the Oracle of Omaha has slashed his holdings in Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC).At present, Buffett also holds a record amount of cash — at least $277 billion, a move which has caused widespread worries among investors that a stock market correction is due soon.However, the Berkshire Hathaway (NYSE: BRK.A) CEO does have a bullish view on some equities — one notable instance is his rece ...

Bank of America may ask a court to resolve the Consumer Financial Protection Bureau's (CFPB) investigation of the bank's processing of payments through the Zelle network. The bank said in a Tuesday (Oct. 29) filing with the Securities and Exchange Commission (SEC) that it has been responding to the CFPB's inquiry. "The CFPB staff has initiated discussions with the corporation to pursue a resolution of the inquiry or file an enforcement action," Bank of America said in the filing. "The corporation is evaluat ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-6523 Exact name of registrant as specified in its charter: Bank of America Corporation State or other jurisdiction of incorpo ...

The Oracle of Omaha's genius remains rooted in a combination of simplicity and patience. Got an extra $1,000 you're looking to park in an investment worth owning for a while? That's easier said than done right now. Although the market isn't exactly dangerous at this time, stocks are relatively expensive, given the degree of economic uncertainty ahead. Nevertheless, a handful of tickers are not only still worth owning here but also worth buying at their current prices. If you need help finding some of these ...

Too Big To Fail banks aren’t known to be activist investors’ favorite targets, which is why I was shocked to hear that there’s some nascent chatter in activist circles that the nation’s second largest bank, Bank of America, could be on the so-called target list. The bearish-thinking goes that if big banks fail, the entire US economy will crash – which means they’ve been largely off limits to activists looking to exert boardroom change. But that doesn’t mean under the right circumstances, an activist play ag ...

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 ...