Bank of America profit beats estimates
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CNBC’s Leslie Picker with Bank of America CEO Brian Moynihan, join 'The Exchange' to discuss the banks quarterly results, Fed independence and his interest rate outlook.
Cash levels dropped to 3.9% from 4.2%, triggering a sell signal on BofA’s proprietary trading model. This is the second sell signal prompted in the last week by BofA trading rules, after inflows to global equity and high-yield bonds exceeded 1% of assets under management over a four-week period.
J&J boosted its annual outlook, after posting better-than-expected quarterly profit and sales. Shares rose over 1% in premarket trading. 🔎 [Bank of America (BAC)]
Bank of America has been working on stablecoins like the rest of the industry and investors can expect the lender to move forward on this, CEO Brian Moynihan said on Wednesday, without giving a timeline.
Charlotte FC will host Major League Soccer’s 2026 All-Star Game at Bank of America Stadium, the league announced Wednesday. The North Carolina expansion team, which first played in MLS in 2022, will host the event for the first time in club history.
Stablecoin adoption is on the rise. As Crypto Week kicks off in Washington, BofA flags four corners of the market that could benefit from the boom.
June credit card delinquency ticked up marginally from the prior month, but the net charge-off rate was down, according to an SEC filing. BA Master Credit Card Trust II's delinquency rate rose marginally to 1.
Bank of America and Goldman Sachs are among companies reporting results today, as the first big week of this earnings season continues. After Tuesday's consumer-price index, which showed price pressures picking up,