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Bank of America

American multinational banking and financial services corporation

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Bank of America: American multinational banking and financial services corporation
The Bank of America Corporation is an American multinational investment bank and financial services company based in Charlotte, North Carolina, with central hubs in New York City, London, Hong Kong, Minneapolis, and Toronto. Bank of America was formed through NationsBank's acquisition of BankAmerica in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase. As a part of the Big Four, it services approximately 10.73% of all American bank deposits, in direct competition with Citigroup, Wells Fargo, and JPMorgan Chase. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

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Wall Street opens flat, investors shrug off bank results

U.S. stocks opened flat on Wednesday as trade worries and concerns about the balance of monetary policy and growth outweighed solid results from Bank of America and a boost to chipmakers from Dutch..
Reuters - Published

Bank of America trims net interest income guidance

Bank of America Corp lowered its annual net interest income guidance on Wednesday to reflect a weakened interest rate environment as the second-largest U.S. lender reported higher-than expected..
Reuters - Published

Videos for Bank of America

Wall Street falls as CSX drops [Video]Wall Street falls as CSX drops

U.S. stock indexes fell on Wednesday as weak results from CSX stoked concerns that the U.S.-China trade war could dent corporate earnings. Fred Katayama reports.

Credit: Reuters Studio     Duration: 01:16Published

Earnings rise at Citigroup [Video]Earnings rise at Citigroup

Citigroup's quarterly profit and revenue rose and beat expectations Monday as the bank kicked off earnings season for the second quarter. Fred Katayama reports.

Credit: Reuters Studio     Duration: 00:51Published

Bank Of America Says It Will Stop Funding Private Prisons, Detention Centers [Video]Bank Of America Says It Will Stop Funding Private Prisons, Detention Centers

According to a report by Reuters, on Wednesday, Bank of America said that it will no longer finance the operators of private prisons and detention centers, joining peers in distancing itself from a..

Credit: Wochit News     Duration: 00:38Published

 

Bank of America profit beats as healthy economy fuels loan growth

Bank of America Corp beat estimates for quarterly profit on Wednesday, as the United States' second-largest lender's loan book benefited from a healthy domestic economy.
Reuters - Published

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