Bank Of America Corp. in the News
More Americans living paycheck to paycheck than 5 years ago, Bank of America data shows
The share of U.S. households living paycheck to paycheck since 2019 is up across all income brackets, according to a new study by the Bank of America Institute.
Bank of America hit with outage, some customer accounts show zero
Bank of America customers got an unwelcome surprise when checking their bank balances online on Wednesday, with some showing their money had disappeared.
Bank of America no longer predicting recession, CEO says
Bank of America's team of economists no longer see the U.S. falling into a recession and now have the opposite view, CEO Brian Moynihan said over the weekend.
NCAA student athletes can earn money; a wealth management firm wants to help educate them on finances
IMG Academy and Merrill Private Wealth Management are partnering to provide financial literacy education to IMG's student-athletes, including budgeting, investments and managing credit.
Bank of America profit drops on lower interest income, outlook lifts shares
Bank of America earned $6.9 billion, or 83 cents per share, in the quarter ended June 30, compared with $7.4 billion, or 88 cents per share, a year earlier.
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.
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.
Student loan payments may be to blame for a spike in credit card delinquencies
New findings published by the New York Federal Reserve show that a growing number of Americans are struggling to make their monthly credit card payments.
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.