Bank of America Corporation News
Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. Its Consumer Banking segment offers traditional and money market savings accounts, certificates of deposit and IRAs, noninterest-and interest-bearing checking accounts, and investment accounts and products; and credit and debit cards, residential mortgages, and home equity loans, as well as direct and indirect loans, such as automotive, recreational vehicle, and consumer personal loans. The company's Global Wealth & Investment Management segment offers investment management, brokerage, banking, and trust and retirement products and services; and wealth management solutions, as well as customized solutions, including specialty asset management services. Its Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, and commercial real estate and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options and merchant services; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The company's Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management products using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed-income, and mortgage-related products. The company was founded in 1784 and is based in Charlotte, North Carolina.
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SEC Subpoena in Margin-Lending Probe Adds Pressure on Bank of America
- Bank of America was among several major banks that received subpoenas from the SEC this week in an expanding probe of margin lending, raising regulatory scrutiny amid recent stock weakness.
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Bank of America Raises Common Dividend 14% and Enters Indian Joint Venture: Two Key Developments for BAC Stock
Bank of America raised its quarterly dividend by 14% and struck a JV with Jio Financial Services, impacting BAC’s capital allocation and growth outlook.
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Bank of America Launches $250 Billion Infrastructure Finance Initiative Amid AI Expansion
Bank of America announces a $250 billion infrastructure finance initiative to support AI-driven growth.
28 Jul at 08:23
Bank of America Stock Declines Despite Strong Q2 2026 Earnings
BAC stock dips 1.1% pre-market despite 27% profit surge in Q2 2026.
26 Jul at 18:43
Bank of America Reports Strong Q2 2026 Earnings Amid Market Volatility
Bank of America posts robust Q2 2026 earnings, driven by trading and M&A.