Brian Moynihan

BofA Sees Net Interest Income Growth Slowing
Financial Performance

BofA Sees Net Interest Income Growth Slowing

Interest rate expectations "have been lowered, plus we have some seasonal headwinds in Q2," CFO Paul Donofrio says.
By Matthew Heller | April 16, 2019
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BofA’s Retail Unit Hits ‘Milestone’ $2B Profit
Financial Performance

BofA’s Retail Unit Hits ‘Milestone’ $2B Profit

The bank's overall Q2 earnings rose 10% to $4.9 billion as the retail business delivered a 21% increase in net income.
By Matthew Heller | July 18, 2017
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BofA Crushes Estimates With 6.6% Profit Gain
Strategy

BofA Crushes Estimates With 6.6% Profit Gain

A surge in trading revenue and cost-cutting efforts boosted the bank's Q3 bottom line despite stubbornly low interest rates.
By Matthew Heller | October 17, 2016
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Banks Seen as Ready to Handle Fintech Upstarts
Technology

Banks Seen as Ready to Handle Fintech Upstarts

A new survey says Goldman Sachs and JPMorgan Chase will be the main beneficiaries of innovations such as the blockchain.
By Matthew Heller | December 28, 2015
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BofA Posts $4.5B Profit in 3Q as Legal Costs Fall
Strategy

BofA Posts $4.5B Profit in 3Q as Legal Costs Fall

The bank's cost-cutting efforts helped to mitigate the impact of weak revenue in all of its four main businesses except consumer banking.
By Matthew Heller | October 14, 2015
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Bank of America Replaces CFO Thompson
People

Bank of America Replaces CFO Thompson

Bruce Thompson is leaving the banking giant amid a management shakeup.
By Katie Kuehner-Hebert | July 23, 2015
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Make BofA Disclose Lobbying Expenses, Glass Lewis Tells Shareholders
Risk & Compliance

Make BofA Disclose Lobbying Expenses, Glass Lewis Tells Shareholders

Absent improved accountability, bank assets could be used for objectives contrary to shareholder interests, the proxy advisor says.
By Katie Kuehner-Hebert | April 24, 2015
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BofA’s Capital Plan Criticized in Fed Stress Tests
Risk

BofA’s Capital Plan Criticized in Fed Stress Tests

The U.S. approved the capital plans of 29 of the 31 largest U.S. banks, including BofA, but failed the U.S. arms of Deutsche Bank and Santander.
By Matthew Heller | March 12, 2015
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