While lower corporate income taxes will be good for Bank of America over the long run, a tax cut would nevertheless cause short-term pain.
If Trump succeeds at lowering the corporate tax rate to 15%, as he's vowed to do, these four banks would see massive boosts to their bottom lines.
Do you know what Bank of America's original name was?
The nation’s second-biggest bank by assets paid more in taxes last year than all but five other companies on the S&P 500.
It isn’t often that Bank of America’s stock surges more than 4% in a single day.
U.S. Treasury yields are rising on higher odds of a June rate hike by the Federal Reserve.
Earnings surged at banks throughout the industry, yet one bank’s performance stood out from the rest.
The nation’s second biggest bank by assets is on track to meet its profitability targets by the end of this year.
There are two ways to answer this question.
Bank of America’s chief financial officer just disclosed how much its net interest income should increase following the March rate hike.