Stock market could plunge another 24% next year, Bank of America warns
Bank of America analysts said this week the S&P 500 could plunge as much as 24% next year as a result of the Federal Reserve's quantitative tightening.
Washington Commanders 'engaged in financial improprieties,' US attorney's office investigating: report
The Washington Commanders are under another investigation as they are reportedly engaged in "financial improprieties" that owner Dan Snyder was aware about.
Bank of America profit drops on loan-loss reserve build
The second-largest U.S. bank, led by Brian Moynihan, earned 81 cents a share vs. analysts' expectations of 77 cents per share in the third quarter of the year.
Mortgage rates could soon top 7% as Fed fights inflation
The Federal Reserve's fight against inflation and a housing shortage could send mortgage rates soaring above 7%, according to Bank of America economists.
Bank of America report: Nearly two-thirds of employees worried about finances
Nearly two-thirds of employees are worried about their finances amid scorching hot inflation, according to a recent report released by Bank of America.
Bond market crash foreshadows new lows for US stock market, BofA warns
The bond market is crashing as the Federal Reserve hikes interest rates to combat inflation, a warning sign for the U.S. stock market, according to Bank of America.
Investor sentiment 'unquestionably' at worst level since 2008 financial crisis: BofA
U.S. investor sentiment has dropped to its lowest level since the 2008 financial crisis as the Federal Reserve raises interest rates, according to Goldman Sachs analysts.
Bank of America warns of new lows for S&P 500 as 'inflation shock ain't over'
The U.S. stock market is poised to tumble even lower in coming weeks as investors confront inflation that is still near a multi-decade high and rising interest rates.
Bank of America again warns of 'recession shock' as Fed doubles down on inflation fight
The U.S. economy is likely headed for a recession as the Federal Reserve raises interest rates at the fastest pace in decades, according to Bank of America strategists.
Bank of America tests no-down-payment mortgages for Black, Latino homebuyers
Bank of America announced this week that it is starting a mortgage option for first-time home buyers offering no down payments, closing costs or minimum credit scores.
Americans feel they are in a recession: BofA CEO
Bank of America CEO Brian Moynihan said the White House arguing about the definition of a recession is not helpful because Americans are being hit by high prices.
Bank of America chief economist sees high chance of mild recession this year
Bank of America's new U.S. chief economist has projected that the Federal Reserve will trigger a recession as it hikes interest rates to cool inflation.
Wall Street confidence in stock market sinks to lowest level in 5 years
Optimism on Wall Street has plummeted to the lowest level in five years amid growing fears the Federal Reserve will trigger a deep downturn with its war on inflation.
Investor pessimism highest since 2008 financial crisis as inflation rages: BofA
There is a "dire level" of pessimism among fund managers, according to a new Bank of America survey, which painted a bleak picture of sentiment on Wall Street.
Bank of America says to expect 'mild recession' this year
Bank of America updated its economic forecast to say the U.S. could experience a "mild recession" as soon as this year. Here's what that means for interest rates.
Bank of America posts revenue beat despite quarterly earnings miss
Bank of America's second quarter profit fell to $6.2 billion, or 73 cents per diluted share, compared to $9.2 billion, or $1.03 per share, during the same period a year ago.
Severe recession needed to cool inflation, Bank of America analysts say
Bank of America strategists said that sky-high inflation could take some time to come down – forcing the Fed to raise rates so aggressively the economy slides into a recession.
Four large US banks increase dividends following annual stress tests
Wells Fargo, Bank of America, Goldman Sachs and Morgan Stanley increased their dividends on Monday after they cleared the Fed's annual stress test exercise last week.
Odds of US economy sliding into recession next year jumps to 40%, Bank of America says
The U.S. economy could slide into a recession next year, according to Bank of America strategists, as the Federal Reserve ramps up its inflation battle with more rate hikes.
Stagflation fears surge to highest level since 2008, BofA survey shows: 'Sentiment is dire'
A majority of investment fund managers are forecasting sluggish growth and soaring inflation, the result of the Federal Reserve raising interest rates at the fast pace in decades.

















