While Bank of America has focused on reducing expenses for much of the past decade, the question now is whether the bank can grow revenue.
Bank of America makes an oversized share of its income from one activity.
Bank stocks are the worst. Here’s why.
Which bank has the most monthly active users of its mobile application? The answer is JPMorgan Chase, followed by Bank of America and Wells Fargo. For these banks, the widespread adoption of mobile banking couldn’t come soon enough.
A heads-up match between two of Warren Buffett's largest holdings.
Bank of America's stock rose more than 4% last week thanks to the bank's reassuring performance in the second quarter.
Bank of America's second-quarter results should make long-term shareholders happy. Here's why.
After placing first in two-out-of-three recent mobile-banking surveys, Bank of America is upping its game. It will soon release an updated version of its mobile app, which will purportedly enable customers to withdraw cash from ATMs without a debit card.
Brian Moynihan said this week that Bank of America will reduce its annual operating expenses $3 billion by 2018. Given that it’s already cut $15 billion in yearly costs since 2011, how in the world is it going to squeeze out $3 billion more?
This is an important question. If you use Bank of America’s actual earnings, then it looks like it had a horrible second quarter. But if you use its adjusted earnings, then it looks like the bank had a pretty darn good quarter.