Sources suggest that Trump's win was a significant setback for the CEO, as it put the bank in a difficult position and also stopped his own political ambitions.
On March 13, 2025, Bank of America Corporation announced that its Board of Directors has approved regular cash dividends for various series of preferred stock. The dividends will be paid on specific dates in April and May, with amounts varying by series. Most of these preferred stocks are represented by depositary shares, except for Series L.
Parnassus Investments, an investment management firm, published the investor letter for the "Parnassus Core Equity Fund" for the fourth quarter of 2024. You can download the letter here. During this quarter, U.S. stocks increased, finishing a strong year, but the Fund (Investor Shares) only grew by 0.28% after fees, which was less than the S&P 500 Index's rise of 2.41%.
The job cuts are part of a yearly routine to let go of employees who are not meeting performance standards. Additionally, the number of deals has not reached the expected levels in the first half of the year.
According to two sources who spoke to Reuters on Tuesday, Bank of America has recently cut 150 junior banker positions at its investment banking division.
Inflation is already a significant burden for American families, and new tariffs on imported goods are likely to worsen the financial strain, especially for low-income households. These tariffs, which affect everyday items like clothing and groceries, are expected to lead to higher prices and changes in consumer spending habits. Retailers are preparing for these cost increases, and many families are feeling the pressure as they struggle to afford basic necessities amidst rising living expenses.
We have just put together a list of the 10 Most Undervalued US Stocks to Buy Based on Hedge Fund Recommendations. In this article, we will examine how Bank of America Corporation (NYSE:BAC) compares to other undervalued US stocks. On a day when major market averages are down, Paul Hickey, co-founder of Bespoke Investment, shares his insights.
CHARLOTTE, N.C., March 7, 2025 /PRNewswire/ -- Bank of America Corporation has announced that it will redeem all of its outstanding Floating Rate Senior Notes, totaling CAD400,000,000, on March 16, 2025. These notes are set to mature in March 2026 (CUSIP No.
The recent fluctuations in the S&P 500 have made some investors hesitant about consumer discretionary stocks, as these cyclical stocks usually do poorly in uncertain times. However, there are some encouraging signs. Today's economic data from the United States could benefit those investors who are willing to explore opportunities that others might overlook.
The Economy Ministry announced on Thursday that Panama's government has secured a loan of 1.2 billion euros ($1.29 billion) from a Bank of America subsidiary, which will be due in two years.