Bondholdings Become Less of a Burden at Bank of America, Other Big Banks
Fixed-rate bonds that lost value as interest rates rose can even help out in some ways.
Bank of America Says Zelle Transactions Climb 27% Year over Year
Bank of America's earnings showed a continued surge in P2P volumes, as Zelle transactions climbed double digits, measured year over year. As noted in presentation materials released Tuesday (Oct. 1...
Retail Sales Hotter at +0.7%; JNJ, BAC, GS All Beat in Q3
Retail Sales infer a consumer willing to spend, and the outlook for Q3 GDP is likely up somewhat on this news.
Retail Sales Increased More Than Expected
This morning we see new Retail Sales numbers for September, and they have come in hotter than expected: headline +0.7% month over month is 50 basis points (bps) higher than expected, though down 10...
Bank of America CEO Brian Moynihan says consumer activity has slowed down because of higher rates
Brian Moynihan, Bank of America chairman and CEO, joins 'Squawk on the Street' to discuss how sustainable the company's net interest income growth is, the higher-than-expected cost of deposits, and...
Bank of America Posts Better-Than-Expected Profit on High Interest Rates
Interest rate hikes by the Federal Reserve to bring down inflation helped Bank of America (BAC) post better-than-expected results, and shares rose over 1% in early trading on Tuesday.
Bank of America sees profit boost in Q3 earnings beat
Bank of America's (BAC) third-quarter earnings show profits rose up to 10% year-over-year, citing a boost from higher interest income and a strong performance from its Wall Street unit. Yahoo Finan...
Bank of America profit beats estimates on higher interest income, investment banking gains
Bank of America beat Wall Street estimates for quarterly profit on Tuesday, reporting a net income increase of 10% in the third quarter to $7.8 billion.
Bank of America (BAC) Surpasses Q3 Earnings and Revenue Estimates
Bank of America (BAC) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.81 per share. This compares to earnings of $0.81 per share a year ago.
BofA (BAC) Q3 Earnings Top on Solid Trading, IB & NII, Stock Up
Strength in IB and trading businesses and higher-than-expected increase in NII support BofA's (BAC) Q3 earnings.
Is Wall Street Really on the Mend?
Markets moved slightly lower early Tuesday. Bank of America saw considerable strength in its consumer and investment banking operations.
Dow Jones Today: Stock Futures Slip After Bank of America, Goldman Earnings
Stock futures were slightly lower in premarket trading Tuesday, giving up some of yesterday's gains as Treasury yields crept back up to 16-year highs.
Bank of America's unrealized losses on securities rose to $131.6 bln
Bank of America reported unrealized losses of $131.6 billion on securities held until maturity in the third quarter, growing from nearly $106 billion in paper losses in the second quarter.
Bank of America tops profit estimates on better-than-expected interest income
CNBC's Leslie Picker joins 'Squawk Box' to break down the bank's quarterly earnings results.
Bank of America beats forecasts boosted by high interest rates
Bank of America Corp (NYSE:BAC) reported earnings and revenue ahead of forecasts, plus a double digit rise in net income, after what it called a “strong quarter.” The San Francisco-based bank repor...
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