Brian Moynihan

Bank Of America Corp (NYSE:BAC) has retracted its earlier forecast of an impending recession, citing a robust job market and vigorous consumer spending as the primary reasons. The bank’s CEO Brian Moynihan confirmed this in an interview with Bloomberg on Thursday. Moynihan expressed optimism...

Following Bank of America Corp's (NYSE: BAC) better-than-expected quarterly results, CEO Brian Moynihan said the bank's deposits remain stable, and the consumer remains healthy.  What Happened: BofA reported second-quarter financial results Tuesday morning. The company said...

Bank of America Corp (NYSE:BAC) CEO Brian Moynihan stated during the earnings call that everything points towards a relatively mild recession given the amount of stimulus that was paid to people and the money they have leftover. What Happened: "Our research team continues to predict a shallow...

Bank Of America Corp (NYSE: BAC) reported first-quarter financial results Tuesday morning. On the heels of the report, Jim Cramer praised the bank's performance and called it BofA's "best quarter ever." What Happened: Bank Of America reported first-quarter revenue of $26.39...

Bank of America Chief Executive Officer Brian Moynihan reportedly stated on Tuesday the U.S. economy would hit a technical recession beginning in the third quarter. A U.S. recession would not be deep and the bank estimates that interest rates would start falling in the second quarter of 2024,...

Bank of America Corp (NYSE: BAC) was out Monday with its current asset quality ratings. While net charge-offs are still "low and stable," the bank is closely monitoring early credit card delinquencies as they start to rise. This is a result of consumers racking up credit card debt because...

Bank Of America Corp (NYSE: BAC) on Monday reported strong first-quarter financial results led by an increase in consumer lending activity.  What Happened: Bank Of America said first-quarter revenue grew 2% year-over-year to $23.2 billion, which beat the average analyst estimate of $...

Bank Of America Corp (NYSE: BAC) is trading higher Wednesday morning after the company announced better-than-expected fourth-quarter earnings results. Bank Of America reported quarterly earnings of 82 cents per share, which beat the estimate of 76 cents per share, representing an increase of...

Bank Of America Corp (NYSE: BAC) is trading higher Thursday after the company reported better-than-expected third quarter financial results. Bank of America reported quarterly earnings of 85 cents per share, which beat the estimate of 71 cents per share. The company reported quarterly...

This weekend's Barron's cover story profiles the 25 top chief executive officers of 2020. Other featured articles look at the most sustainable companies; winners and losers as COVID cases spike; and Joe Biden picks. Also, the prospects for a semiconductor leader, a computer...

Bank of America Corp (NYSE: BAC) Tuesday morning reported record first-quarter results. What Happened Bank of America said it earned 70 cents per share in the quarter on revenue of $23 billion versus expectations of 68 cents per share and $23.1 billion. Net income rose 6 percent from the same...

For the first time since the financial crisis in 2008, the CEOs of the largest U.S. banks appeared before Congress on Wednesday to answer questions regarding the size and safety of America’s financial institutions. JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon, Bank of America Corp (...

Shares of Bank of America Corp (NYSE: BAC) gained more than 5 percent Wednesday morning after the bank reported a top-and-bottom-line beat in its fourth-quarter results and recorded its best quarterly profit in history. What Happened Bank of America said it earned 70 cents per share in the fourth...

Billionaire investor Warren Buffett thinks that asking him to select his favorite bank stock is similar to asking a parent who their favorite child is. While most parents won't admit to having a favorite child, Buffett has no problem calling out his favorite, Bank of America Corp (NYSE: BAC)....

S&P Global Inc (NYSE: SPGI)'s S&P Global Market Intelligence recently released a list of the top-paid executives in U.S. banking. The highest paid CEOs and money managers usually work for big, well-known companies. However, in the banking industry, this doesn't seem to be the...