US0605051046 - Common Stock
Bank of America names its favorite stocks for the new year.
If the Magnificent Seven and Treasurys can hold at current levels, BofA says that recent lows following Wednesday's Fed meeting are a buying opportunity.
A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle, in violation of consumer financial laws. In the federal civil complaint, the Consumer Financial Protection Bureau asserts that the banks rushed to get the peer-to-peer payments platform to market without effective safeguards against fraud and then, after consumers complained about being defrauded on the service, largely denied them relief. The CFPB claims that the banks violated federal consumer financial laws governing electric funds transfers, which require banks conduct “reasonable investigations” when consumers report transaction errors, and the agency's prohibition on unfair acts or practices by failing to take steps to prevent and address fraud on Zelle.
New loans, leases and lines of credit signed up by companies in November rose to $10.36 billion, from $9.53 billion in the year-ago period. The Equipment Leasing & Finance Foundation, ELFA's non-profit affiliate, said its confidence index for December reached a fresh three-year high, indicating that executives expect continued strength in lending volumes and further improvements in financial conditions. The ELFA CapEx Finance Index of leasing and finance activity is based on a 25-member survey which includes Bank of America as well as the financing units of Caterpillar, Dell Technologies, Siemens AG, Canon and Volvo AB.
The US Consumer Financial Protection Bureau sued JPMorgan Chase (JPM), Bank of America (BAC), and We
The government agency sued Zelle’s operating company and four of its partner banks (JPMorgan Chase, Bank Of America and Wells Fargo). The CFPB says the service hasn’t done enough to protect consumers from fraud.
If the Magnificent Seven and Treasurys can hold at current levels, BofA says that recent lows following Wednesday's Fed meeting are a buying opportunity.
Lawsuit is part of CFPB’s aggressive agenda in reported bid to advance protections before Trump overhauls agency
Three of the largest U.S. banks rushed the Zelle digital payment system to market "without implementing effective consumer safeguards," according to a lawsuit filed Friday by a federal government agency.
The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent company of Zelle alleging the firms rushed a peer-to-peer payment network to compete without first implementing adequate consumer protections.
(Bloomberg) -- The Consumer Financial Protection Bureau sued JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. along with the parent company of Zelle alleging the firms rushed a peer-to-peer payment network to compete without first implementing adequate consumer protections.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Desc
The U.S. Consumer Financial Protection Bureau said on Friday it had filed a lawsuit against JPMorgan Chase , Bank of America, and Wells Fargo, accusing the banks of allowing "fraud to fester" on peer-to-peer payments platform Zelle. The CFPB in a statement said it was seeking to stop the alleged unlawful practices, secure redress and penalties, and obtain other relief.
Early Warning Services, a company owned by seven of the largest U.S. banks, founded Zelle in 2017
President-elect Donald Trump warned the European Union that its exports will get hit with US tariffs if its member states don’t buy more American oil and gas. Meanwhile in Washington, The Republican-led House rejected a temporary funding plan backed by President-elect Donald Trump on Thursday with just over 24 hours to go before a US government shutdown, capping an extraordinary two days that tested the limits of the incoming president’s power. GUESTS Laureline Chatelain, Banque Pictet, Fixed Income Strategist; Sonali Punhani, Bank of America, UK Economist; Ilham Kadri, Syensqo CEO. (Source: Bloomberg)
The hawkish pivot by the Federal Reserve combined with uber-bullish sentiment among stock investors has caused risk appetite to be “suddenly twitchy,” according to Bank of America Corp. strategist Michael Hartnett.
(Bloomberg) -- The hawkish pivot by the Federal Reserve combined with uber-bullish sentiment among stock investors has caused risk appetite to be “suddenly twitchy,” according to Bank of America Corp. strategist Michael Hartnett.Most Read from BloombergNew York City’s Historic Preservation Movement Is Having a Midlife CrisisNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalThe S&P 500 is headed for the worst week in mor
This combination of growth and value stocks has the potential to outperform the broader market in 2025 (and beyond).
This data center play has been a star performer over the past couple of years and shows no signs of slowing.
Economists at two major financial firms pushed out expectations for the Bank of Japan’s next interest rate hike to March 2025 from January after Governor Kazuo Ueda struck a cautious tone in his monetary policy briefing Thursday.
Customers across the three banks have lost a combined $870 million since Zelle launched in 2017, regulators claim.
Micron shares dropped as investors digested weak guidance. Analysts at Bank of America and UBS lowered their prices targets for the stock after earning.
Exchange-traded funds are rewriting the financial playbook, with 2024 marking a historic year for the industry. From record-breaking flows to innovative fund launches, Bank of America detailed $1.6 trillion in ETF inflows this year in a new note. The global ETF market has grown to a staggering $15.1 trillion in assets under management. Additionally, ETF launches hit an all-time high of 1,485 in 2024, and institutional ownership continues to surge, cementing ETFs as the cornerstone of modern inve
Global ETF assets reached $15.1 trillion in 2024, as investors embraced a record number of new launches and active management strategies, according to a new Bank of America report.
Micron Technology shares tanked Thursday after the chipmaker warned about near-term demand issues.
Micron shares dropped as investors digested weak guidance. Analysts at Bank of America and UBS lowered their prices targets for the stock after earning.
Wall Street looked to rebound from Wednesday's 1,100 point Dow drop following the Fed's revised rate outlook.
BofA said Expedia is its top internet value stock, hiking its price target to $221 amid improving US travel trends and a management shakeup under its new CEO.
BofA said Expedia is its top internet value stock, hiking its price target to $221 amid improving US travel trends and a management shakeup under its new CEO.
Areas resistant to automation - like legal services and healthcare - are attracting novel applications that could even displace human workers, according to a Bank of America report.
Based on good technical signals, BANK OF AMERICA CORP is potentially setting up for a breakout.