Bond market crash foreshadows new lows for US stock market, BofA warns
The bond market is crashing as the Federal Reserve hikes interest rates to combat inflation, a warning sign for the U.S. stock market, according to Bank of America.
Investor sentiment 'unquestionably' at worst level since 2008 financial crisis: BofA
U.S. investor sentiment has dropped to its lowest level since the 2008 financial crisis as the Federal Reserve raises interest rates, according to Goldman Sachs analysts.
Bank of America warns of new lows for S&P 500 as 'inflation shock ain't over'
The U.S. stock market is poised to tumble even lower in coming weeks as investors confront inflation that is still near a multi-decade high and rising interest rates.
Bank of America again warns of 'recession shock' as Fed doubles down on inflation fight
The U.S. economy is likely headed for a recession as the Federal Reserve raises interest rates at the fastest pace in decades, according to Bank of America strategists.
Bank of America tests no-down-payment mortgages for Black, Latino homebuyers
Bank of America announced this week that it is starting a mortgage option for first-time home buyers offering no down payments, closing costs or minimum credit scores.
Americans feel they are in a recession: BofA CEO
Bank of America CEO Brian Moynihan said the White House arguing about the definition of a recession is not helpful because Americans are being hit by high prices.
Bank of America chief economist sees high chance of mild recession this year
Bank of America's new U.S. chief economist has projected that the Federal Reserve will trigger a recession as it hikes interest rates to cool inflation.
Wall Street confidence in stock market sinks to lowest level in 5 years
Optimism on Wall Street has plummeted to the lowest level in five years amid growing fears the Federal Reserve will trigger a deep downturn with its war on inflation.
Investor pessimism highest since 2008 financial crisis as inflation rages: BofA
There is a "dire level" of pessimism among fund managers, according to a new Bank of America survey, which painted a bleak picture of sentiment on Wall Street.
Bank of America says to expect 'mild recession' this year
Bank of America updated its economic forecast to say the U.S. could experience a "mild recession" as soon as this year. Here's what that means for interest rates.
Bank of America posts revenue beat despite quarterly earnings miss
Bank of America's second quarter profit fell to $6.2 billion, or 73 cents per diluted share, compared to $9.2 billion, or $1.03 per share, during the same period a year ago.
Severe recession needed to cool inflation, Bank of America analysts say
Bank of America strategists said that sky-high inflation could take some time to come down – forcing the Fed to raise rates so aggressively the economy slides into a recession.
Four large US banks increase dividends following annual stress tests
Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley increased their dividends on Monday after they cleared the Fed's annual stress test exercise last week.
Odds of US economy sliding into recession next year jumps to 40%, Bank of America says
The U.S. economy could slide into a recession next year, according to Bank of America strategists, as the Federal Reserve ramps up its inflation battle with more rate hikes.
Stagflation fears surge to highest level since 2008, BofA survey shows: 'Sentiment is dire'
A majority of investment fund managers are forecasting sluggish growth and soaring inflation, the result of the Federal Reserve raising interest rates at the fast pace in decades.
Bank of America raises U.S. minimum hourly wage to $22
The move, which brings the bank a step closer to fulfilling its pledge of paying $25 per hour by 2025, will increase the annualized salary for full-time employees to more than $45,000.
S&P 500 could tumble another 28% before bear market ends in October: BofA
The note comes just one day after the Labor Department reported inflation surged higher than expected in April, with prices rising 8.3%, close to a 40-year high.
Bank of America analysts slash S&P 500 projection as 'specter of recession' looms
The S&P 500 just suffered its worst April performance since 1970, plunging into its second correction of the year — now, many experts are lowering their projection for the index this year.
Bank heavyweight on whether a US recession looms
Bank of America CEO Brian Moynihan revealed whether he believes a recession in the United States is imminent.
Bank of America beats profit estimates on strength in consumer lending
Bank of America Corp reported a fall in first-quarter profit on Monday, as a slowdown in global deal making weighed on its investment banking businesses.