Brian Moynihan News

12.08 / 19:47
markets Citi Fox CEO JPMorgan economy Research Bank of America no longer predicting recession, CEO says
Circle Squared Alternative Investments founder Jeff Sica argues this weeks CPI and PPI inflation data will make or break the stock market on Varney & Co.
12.08 / 21:37
markets CEO economy WhatsApp Research country reports U.S economy is not heading for a recession, says Bank of America CEO
Bank of America, Brian Moynihan, has said that he has not seen a recession on the horizon of the US economy, reports 'The Hill'. Participating in CBS’s Margaret Brennan on “Face the Nation” Sunday, he tried to defend Joe Biden and the Federal Reserve by indicating that they have managed a “soft landing” for the US economy after inflation troubles in recent years.
25.07 / 13:21
markets UPS JPMorgan Apple Trade show Berkshire Hathaway dumps $2.3 billion of Bank of America shares in a 6-day sale
Berkshire Hathaway dumped more Bank of America shares this week, making it six straight trading days that Warren Buffett's conglomerate has reduced its stake in the bank.
14.03 / 11:41
markets UPS wellness Trade reports Department shock compliance Morning Coffee: Bank of America's big salary and bonus generosity. Compliance job nightmare
There have been mixed reports of bonuses at Bank of America. While some people there were pleasantly surprised, others are said to have had aCiti-esque shock. At the top of the investment bank, however, all was well.
24.01 / 15:48
UPS Art Instagram Inside Department International Bank of America's cuts: "Compensation expectations have been butchered"
If you're looking for a way to moderate bonus expectations ahead of a tight bonus round, it helps to make people focus on something else. Like actually having a job. 
24.01 / 15:48
UPS Reuters CEO Pool performer reports Surprise as Bank of America cuts jobs three days before bonuses
Bank of America is cutting jobs.Headhunters told us yesterday that cuts were coming at the bank, and both Financial News and Reuters are reporting today that people have gone. The cuts are being made on the cusp ofbonus announcements, which are due this Friday. 
18.01 / 15:21
markets UPS Fox CEO economy Interviews NOT Full effect of Fed rate hikes have not been seen, Bank of America CEO warns
Bank of America CEO and Chairman Brian Moynihan discusses the Fed's rate hikes, 2024 consumer strength and big bank regulation.
12.01 / 12:31
Digital CEO wellness Trade reports Q4 Bank of America slips on Q4 revenue miss
Bank of America (BAC) reported fourth-quarter revenue figures that trailed analyst estimates, causing shares to fall more than 4% in the premarket.
08.12 / 15:53
Digital CEO Strategy Solomonic track consequences 2024 Morning Coffee: Bank of America traders are having their best Christmas ever. What Wall Street CEOs already hate about 2024
“It’s the most wonderful time of the year (against a very undemanding base for comparison”.  Although investment banks, by and large, do not party like they used to, the festive season still means a lot more socialising, difficulty getting calendars in sync and an unwillingness on the part of clients to do anything that might complicate their year end.  Consequently, December is a month in which, notoriously, not much happens.
29.11 / 16:35
Apple Investment Berkshire Hathaway vice chair Charlie Munger dies aged 99
Charlie Munger (pictured) has died at the age of 99.
19.10 / 06:11
UPS Citi Lowe's Strategy reports 500 Bank of America cut 7,500 jobs and no one noticed
When the banking job cuts of 2023 are reflected upon by generations to come, the cuts at Bank of America are unlikely to be remembered. It's Credit Suisse, Morgan Stanley, Goldman Sachs and Citi that have made the most noise about trimming heads in 2023. But it's Bank of America that has quietly cut the most.
19.10 / 06:11
UPS Lowe's CEO performer Inside Morgan Stanley, BofA have the same problem: no one's leaving
2023 has been a funny year in investment banks. After a poor bonus round for 2022, it might have expected that people would move in search of more lucrative seats. Instead, 2023 has been characterized by fear of moving into a new role. 
17.10 / 19:34
COST CEO economy pandemic Bank of America profits jump 10% but warns of slowing spending by Americans
Bank of America posted a 10% rise in third quarter profits, helped by higher interest rates that allowed the bank to charge more for loans while keeping the bank’s expenses under control
17.10 / 11:25
UPS CEO economy Q3 Bank of America posts top and bottom line beats in Q3
Bank of America (NYSE:BAC) shares gained modestly following the banking giant's third quarter results that beat on the top and bottom lines.
18.07 / 21:07
COST UPS Target CEO JPMorgan Bank of America 2Q net income jumps 19%, extending the rally for big banks
Bank of America said its profits grew 19% last quarter, the latest of the big banks to see its bottom line boosted by higher interest rates
18.07 / 18:01
COST UPS JPMorgan Citigroup Chase Earnings wrap: BoA earnings exceed expectations
Bank of America Corp.’s second-quarter profit soared after its core Wall Street businesses exceeded analysts’ expectations. 
18.07 / 17:11
COST CEO JPMorgan Citigroup surges Bank of America Q2 net income surges 19%
bank failures.  The Federal Reserve has raised its benchmark interest rate to a range of 5% to 5.25% from near zero starting in March 2022. Those higher interest rates have allowed banks to charge more for customers to borrow.  BofA’s net interest income grew 14% to $14.2 billion in the second quarter.

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