Hugh Son
BofA’s Merrill to tell clients how they’re paying their brokers
NEW YORK - Bank of America Corp., which has said it will stop offering commission-based retirement accounts as it prepares for new regulations, also...
JPMorgan, BofA would see pay rules hardened under U.S. proposal
NEW YORK - JPMorgan Chase & Co., Bank of America Corp. and the other four largest U.S. banks, which already restrict terms of senior...
BofA misses estimates on slump in deals, energy loan losses
NEW YORK - Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans...
BofA profit jumps 9.4% on fixed-income gain, beats estimates
NEW YORK - Bank of America Corp., the second-biggest U.S. lender, said profit rose 9.4 percent on gains in fixed-income trading revenue and declines...
Goldman, JPMorgan seen as fintech winners while AmEx suffers
NEW YORK - The two firms have the best track record of implementing technology and will be able to successfully learn from new entrants...
BofA trading revenue up ‘mid-single digits,’ Moynihan says
NEW YORK - Fourth-quarter trading revenue at Bank of America Corp. is on pace to increase from a year earlier, CEO Brian Moynihan said.
“Sales...
Moynihan says banks reinventing checking to fend off competitors
NEW YORK - Big U.S. banks are scrambling to offer more technologies and services demanded by consumers, including peer- to-peer payments, so startups don’t...
BofA’s Moynihan says ‘stay the course’ with new financial rules
NEW YORK - Bank of America Corp. CEO Brian T. Moynihan said that even if Wall Street reforms were scaled back by politicians, he...
Worst major U.S. bank stock of 2015 is today’s only gainer
NEW YORK - Bank of America Corp. showed it could follow through on its plans to cut costs.
While investors punished JPMorgan Chase & Co....
BofA profit rebounds to $4.51B as revenue beats estimates
NEW YORK - Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and revenue exceeded...
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