The US housing market is 'stuck,' and might remain that way until 2026
A new Bank of America analyst note suggests that the U.S. housing market is "stuck" and will not become "unstuck" unless there is an economic recession.
Bank of America employee, 25, dies suddenly weeks after 35-year-old colleague's death
Two Bank of America employees under 40 years old -- Adnan Deumic, 25, and Leo Lukenas, 35 -- have died suddenly this month within weeks of each other.
Share of gig workers hit a new high in March
A new report by the Bank of America Institute found that the share of bank customers who received income from gig work hit a new high of 3.8% in March after a lull in 2023.
Conservative group takes aim at Wall Street in report claiming big banks have undercut firearms industry
The American Accountability Foundation has released a report on how big banks have refused to lend money to firearm and ammunition manufacturers in an "asymmetrical attack" on the firearms industry.
Indiana AG blasts Bank of America's alleged discriminatory behavior: 'You can't just pick and choose'
Indiana Attorney General Todd Rokita weighs in on the alleged behavior from Bank of America and its impact of free speech in the U.S.
Tax refunds up from 2023; most Americans plan to pay down debt or save
A new Bank of America Institute report found that taxpayers' refund checks will on average be about 5% larger compared to a year ago, with most planning to pay debt or save the refund.
Commercial real estate trouble could trigger systemic credit crash, fund managers say
A Bank of America survey of fund managers found that a growing percentage are worried commercial real estate woes could cause a credit crisis in the U.S.
Bank of America appears to renege on pledge to not finance new coal projects
Bank of America appears to be walking back a pledge the company made in 2021 to not finance new coal mines, coal-powered plants or Arctic drilling.
Dozen state GOP agriculture commissioners launch probe of US banks over ESG investing: 'It must be stopped'
FIRST ON FOX: A dozen state departments of agriculture are pressuring six of the nation's top banks to reveal information about their net-zero ambitions.
Bank of America profit falls on $3.7B in charges
The U.S. lender posted net income of $3.1 billion, or 35 cents a share, for the three months ended Dec. 31. That compares with $7.1 billion, or 85 cents a share, a year earlier.
Bank of America, Deutsch Bank predict interest rate cuts in 2024
Bank of America and Deutsch Bank both released outlooks predicting the Federal Reserve will cut interest rates next year. The latter says the U.S. will enter a "mild recession."
Customers at major US banks hit with deposit delays
Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a system-wide processing issue.
Bank of America profit beats estimates on higher interest income, investment banking gains
Bank of America beat Wall Street estimates for quarterly profit on Tuesday, reporting a net income increase of 10% in the third quarter to $7.8 billion.
Bank of America will increase its minimum wage to $23 an hour
Bank of America's minimum hourly pay will become $23 once the company's planned increase happens. That $1 bump is slated for U.S. employees in October.
Bank of America CEO: AI helping cut call times, branch visits
Bank of America is utilizing artificial intelligence through its virtual assistant Erica to streamline customers' interactions with the bank while helping to keep expenses in check.
Bank of America CEO says China is ‘one of the great risks’ to the economy
Bank of American Chairman and CEO exclusively tells FOX Business that China's "big, growing" banks and economy is one of the U.S. economy's biggest threats.
Investors still bearish on US economy amid slowdown fears
A Bank of America survey indicated fund managers remain bearish about the state of the U.S. economy, even as stock markets continue to march higher.
Bank of America profit surges on interest income and investment banking gains
Bank of America announced that its second-quarter profits beat Wall Street's expectations thanks to higher interest income and investment banking gains that beat forecasts.
Bank of America ordered to pay over $100M for 'double-dipping on fees,' withholding credit card rewards
Bank of America is being ordered by federal regulators to pay customers for illegally "double-dipping on fees," withholding credit card rewards and opening fake accounts.
Big stock rally could be followed by 'big collapse': Bank of America
Bank of America analysts said the stock market has a lot in common with the run-up to recent collapses in 2000 and 2008 and faces further losses this year.