Bank of America Corporation

BAC

US0605051046

Banks

Real-time Estimate Cboe BZX Other stock markets 01:51:29 2024-09-18 pm EDT			5-day change	1st Jan Change
39.76 ^USD	+0.52%		+1.99%	+18.13%

07:22pm	JPMorgan Taps Ryland McClendon to Oversee Entry-Level Program	MT
07:02pm	JPMorgan takes on Wall Street's overwork concerns with new role, memo shows	RE

Financials Higher as Deal Wave Seen Continuing -- Financials Roundup

August 13, 2024 at 05:46 pm EDT

Shares of banks and other financial institutions rose as traders bet a deal boom would continue.

Calmer markets and declining interest rates are set to extend a wave of deals that has recently included mergers-and-acquisition activity in the gold-mining and banking sectors.

Shares of banks with large investment banking operations, including Goldman Sachs Group and Morgan Stanley, rose. Bank of America is urging young bankers to accurately report the hours they work after an investigation by The Wall Street Journal found bankers are often pressured to ignore rules meant to prevent dangerous overwork.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

08-13-24 1745ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	MORGAN STANLEY	99.94 USD	+0.11%	+3.27%	162B
	BANK OF AMERICA CORPORATION	39.76 USD	+0.52%	+1.99%	307B

Latest news about Bank of America Corporation

JPMorgan Taps Ryland McClendon to Oversee Entry-Level Program	01:22pm	MT
JPMorgan takes on Wall Street's overwork concerns with new role, memo shows	01:02pm	RE
Correction: Bank of America Expects Fed Rate Cut of 25 Basis Points	10:56am	MT
Starbucks: the stock outperforms, BofA in support	10:55am	CF
Bank of America Expects Fed Rate Cut of 50 Basis Points	10:19am	MT
Sector Update: Financial Stocks Edge Higher Premarket Wednesday	09:17am	MT
Bank of America Corp Announces Chief Accounting Officer Changes	07:22am	CI
Bank of America to Redeem $2 Billion of Notes due 2025	Sep. 17	MT
Bank of America Announces Redemption of $2,000,000,000 0.981% Fixed/Floating Rate Senior Notes, Due September 2025	Sep. 17	CI
HPE: share price soars, boosted by recommendation upgrade	Sep. 17	CF
Sector Update: Financial Stocks Edge Higher Premarket Tuesday	Sep. 17	MT
Bank of America Names Citigroup's Johnbull Okpara Chief Accounting Officer, Reuters Reports	Sep. 17	MT
BofA appoints Citi's Okpara as accounting chief	Sep. 16	RE
Merit Medical Systems, Inc. agreed to acquire Business Of Cook Group Incorporated for approximately $210 million.	Sep. 16	CI
Bank of America to Redeem $1.75 Billion Senior Notes	Sep. 16	MT
Bank of America Corporation Announces Redemption of $1,750,000,000 3.093% Fixed/Floating Rate Senior Notes, Due October 2025	Sep. 16	CI
Bank of America names co-leaders for initiative linking investment bank, wealth units	Sep. 16	RE
Hasbro shares boosted by BofA's optimism	Sep. 16	CF
Veranda Learning Solutions Limited Appoints Aditya Malik as Group Chief Operating Officer	Sep. 16	CI
LG Electronics Reportedly Picks Banks for $1.5 Billion Listing of Indian Unit	Sep. 14	CI
Acadia Realty Trust, Operating Partnership Revise Credit Agreement	Sep. 13	MT
BGC Group to Launch Investment Bank-Backed FMX Futures Exchange	Sep. 13	MT
Cleveland-Cliffs Amends Asset-Based Lending Facility to Support Stelco Acquisition	Sep. 13	MT
BofA Finds 'Cautious Optimism' Among Business Customers	Sep. 13	MT
US Consumer Credit, Loan Delinquency Rates Said to Decline In August	Sep. 13	MT

Chart Bank of America Corporation

Duration

Period

More charts

Company Profile

Bank of America Corporation is a banking group organized around 5 areas of activity: - commercial banking (58.6% of Net Interest Income); - business and investment banking (25.5%); - wealth management and asset management (12.4%); - market banking (2.9%); - other (0.6%). At the end of 2023, the group managed USD 1,923.8 billion in current deposits and USD 1,053.7 billion in current credits.

Employees

212,000

Sector

Banks

Calendar

2024-10-15 - Q3 2024 Earnings Release

More about the company