News Topic: Bank of America

A new report from J.D. Power found that younger consumers increasingly believe the largest banks are better than regionals at providing financial guidance through digital channels. ... Read full article

The city's decision to drop a lawsuit alleging predatory ending by Wells Fargo, JPMorgan Chase, Bank of America and Citigroup highlights the challenges municipalities face in taking on deep-pocketed financial institutions. ... Read full article

With mobile banking on the rise, New York City is joining a trend that's already sweeping the rest of the country. Fewer bank branches. Smaller bank branches. ... Read full article

An early warning system for bad bank loans is taking effect this year. Beware false alarms. ... Read full article

The Massachusetts senator and presidential contender sent a letter to eight of the biggest U.S. banks asking about how they assess climate-related risks to assets and how they plan to mitigate social and economic fallout. ... Read full article

Moynihan says the bank’s consumer market share could be doubled; retail terminals would connect customer’s hand print with their card information. ... Read full article

Citizens Financial Group’s fourth-quarter results highlight the challenges regionals face in generating top-line growth. ... Read full article

Savings for the top six U.S. banks from President Donald Trump's signature tax overhaul accelerated last year, now topping $32 billion as the lenders curbed new borrowing, pared jobs and ramped up payouts to shareholders. ... Read full article

Morgan Stanley’s profits rose 46%; the deal pressures China to open its financial services sector to U.S. firms. ... Read full article

Brian Moynihan said banks must be mindful of pricing and risk as they contend with lower yields on loans and securities. ... Read full article

Bank of America Corp.’s traders bounced back with their peers. ... Read full article

JPM, Citi shrug off low rates as strong economy propels profits; digital currencies start year with gains as optimism about its future grows. ... Read full article

Net interest margin pressure, modest loan growth and limited operating leverage could weigh on bank stocks in 2020, UBS analysts said. ... Read full article

Low rates and spotty loan demand mean banks are having to “dig deeper” to improve efficiency and maintain profit margins. ... Read full article

The fresh optimism is starting to outweigh some of the worries hanging over the sector heading into the new year. ... Read full article

The Federal Reserve and Federal Deposit Insurance Corp. found issues with the firms' ability to compile data on how they would be unwound during a period of financial stress. ... Read full article

One-time expenses at a handful of large banks marred an otherwise solid quarter, while higher charge-offs point to possible credit-quality concerns. ... Read full article

Profits dipped 7% from a year earlier but banks still earned nearly $60 billion, the agency said in its Quarterly Banking Profile. ... Read full article