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Bank of America Corporation (BAC-PM)

NYSE - Nasdaq Real-time price. Currency in USD
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22.09+0.22 (+1.00%)
At close: 03:59PM EDT
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  • Motley Fool

    Down 40%, Is Bank of America a Buy Right Now?

    Bank of America (NYSE: BAC) stock is down by about 40% from its recent highs, and to be fair, there are some good reasons for that. However, as Matt Frankel, CFP®, explains in this video clip, there's a lot to like about Bank of America, especially while it's trading for a discount.

  • Reuters

    Bank of America to invest $100 million in deposits to minority-owned banks

    NEW YORK (Reuters) -Bank of America Corp plans to deposit an additional $100 million into banks that focus on minority communities, the company said on Tuesday. The program doubles Bank of America's earlier pledge to deposit $100 million in minority depository institutions, or MDIs, that are mostly owned by minority individuals. The second-biggest U.S. lender has expanded its racial equality initiatives in recent years, making $42.5 million in equity investments in 22 MDIs and Community Development Financial Institutions, and taking equity stakes of less than 5% of each lender.For the smaller lenders, the influx of deposits "expands their capacity to make loans" for housing or businesses, D. Steve Boland, Bank of America's chief administrative officer, said in an interview.

  • Bloomberg

    Williams Says Fed Policy Not Restrictive, Still Has Ways to Go

    (Bloomberg) -- Federal Reserve Bank of New York President John Williams said the US central bank has yet to raise interest rates to levels that are restricting economic growth, and tightening still has “significant” ways to go.Most Read from BloombergElon Musk Sets Off Uproar in Ukraine by Tweeting His ‘Peace’ PlanTrump Asks to Push Special Master Appeal Hearing to JanuaryNorth Korea Fires Missile Over Japan for First Time Since 2017Stocks Rise From the Ashes in Best Day Since July: Markets Wrap