Tag: Bank of America

Activity, Trading

U.S. stock futures fight to gain ground higher with earnings, Trump-Putin summit in focus

July 16, 2018

Via: Market Watch

U.S. stock futures traded little changed Monday, with investors looking to a fresh round of quarterly results to help steer trading following last week’s uptrend that took equity benchmarks to their highest levels in weeks despite rising geopolitical worries. A […]

Activity, Corporate banking

BofA Agents New $800MM Facility for Celestica

June 28, 2018

Via: ABF Journal

Celestica entered into a new $800 million credit facility with a syndicate of lenders and Bank of America as administrative agent. The facility consists of a $350 million term loan and a $450 million revolving credit facility and will replace […]

Activity, Trading

Trade conflicts and tariffs won’t hurt U.S. economy, but they do have a dark side

June 5, 2018


The Trump administration’s tariffs and growing trade conflicts so far are not enough to hurt the U.S. economy, but the efforts could result instead in job losses and higher prices on some goods for consumers, economists and trade experts say. […]

Capital and risk, Operational

Cryptocurrencies as a payment system are ‘troubling,” Bank of America tech officer says

May 10, 2018


Cryptocurrencies are standing in the way of authorities catching “bad guys” who are using payment systems for nefarious purposes, a Bank of America official said Thursday. Addressing a key criticism of bitcoin and its growing list of competitors, Cathy Bessant, […]

Capital and risk, Macroeconomic

Recession won’t come until at least 2021, Bank of America predicts

May 8, 2018


Bank of America’s investment arm has offered some soothing words to investors fretting about an imminent meltdown in global equities and a resulting slowdown. The investment community have been busy watching the recent trend in bond yields this year, with […]

Activity, Trading

Big banks take the lion’s share of stock trading

May 7, 2018

Via: Market Watch

It’s a good time to be a megabank. In many businesses, the largest global banks such as JPMorgan Chase & Co. JPM, +1.11% and Bank of America Corp. BAC, +0.34% are getting bigger, while others are struggling to keep pace. […]

Activity, Corporate banking

Bank of America Profit Rises 30% on Tax Cuts, Interest Rates

April 16, 2018

Via: TheStreet

Bank of America Corp. (BAC) , the giant U.S. bank, said first-quarter profit surged 30% as taxes decreased following President Donald Trump’s cuts in the corporate rate, while higher interest rates boosted lending revenue. Bank of America’s net income rose […]

Activity, Investment banking

BofA to add 600 new Merrill Edge investment centres to branches

March 29, 2018

Via: Finextra

Bank of America announced today that Merrill Edge® will open 600 new investment centers within its expanding coast-to-coast financial center footprint, bringing its total to 2,800 by 2020. The effort is part of Bank of America’s previously mentioned plan to […]

Capital and risk, Credit

BofA Launches SMB Loyalty Program to Help Grow Account Balances

March 27, 2018

Via: Bank Innovation

Bank of America is opening a loyalty program for its small business clients, with the focus on growing a client’s account balance through the presence of rewards. The program, which was announced by the bank yesterday, will allow SMBs with […]

Activity, Trading

Bank of America Leads Bank-Stock Rally as China Trade Tensions Ease

March 26, 2018

Via: TheStreet

Bank of America Corp. (BAC) and other financial-company stocks rebounded from their worst week in two years, as concerns eased that the U.S. might face a full-blown trade war with China, the world’s second-largest economy. The PowerShares KBW Bank Portfolio […]