BAC — Bank of America Corporation Common Stock
Session close: $49.42. Regular-session share volume: 27,565,744. Change from previous close: -0.68%.
Key developments
Bank of America is restructuring its global lending and credit-trading businesses, merging its global credit macro, fixed-income ETF and high-grade bond trading desks into a unified platform intended to improve liquidity and streamline client trade execution. The bank also highlighted untapped Merrill banking potential, with cross-selling opportunities supported by rising wealth balances and lending growth.
Company news Bank of America Restructures Credit Trading and Lending Businesses · Company news BAC Sees Untapped Merrill Banking Potential: Can Cross-Selling Pay Off?
The president of Bank of America's consumer, retail and preferred banking unit said she is very bullish on what AI holds for the company in an interview about financial innovation. Separately, the bank's top investment strategist set conditions for a return to risk-taking, including an end to central bank rate hikes, a lower ten-year Treasury yield and cheaper oil.
Company news Bank of America’s Holly O’Neill: “I’m Very Bullish on What AI Has in Store for Us” · Company mentioned — Mentions BAC in the article text. BofA’s Hartnett sets three conditions for a return to risk-taking
News sources
Company news Bank of America’s Holly O’Neill: “I’m Very Bullish on What AI Has in Store for Us” · Company news BAC Sees Untapped Merrill Banking Potential: Can Cross-Selling Pay Off? · Company news Bank of America Restructures Credit Trading and Lending Businesses · Company news Bank of America Updates 'Global Defenders' Quantitative Equity List · Company news $1000 Invested In Bank of America 15 Years Ago Would Be Worth This Much Today · Company news Bank of America Reaches $2 Million Settlement in Electronic Fund Transfer Lawsuit · Company news Bank of America Discloses Position in easyJet plc · Company mentioned — Mentions BAC in the article text. BofA’s Hartnett sets three conditions for a return to risk-taking