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Bank of America’s Moynihan points to signs of economic recovery in...

WOONSOCKET – Bank of America Corp. Chairman and CEO Brian T. Moynihan offered a rosy outlook for 2021 predicated upon the country’s ability to...

Bank of America announces employee cash bonuses, stocks

PROVIDENCE – Bank of America Corp. recently announced it would distribute cash bonuses and restricted stock units to eligible employees worldwide. In a letter to...
BANK OF AMERICA CEO Brian Moynihan will be the keynote speaker at the Northern Rhode Island Chamber of Commerce 20th Annual Celebration on Feb. 10. / PBN FILE PHOTO/RUPERT WHITELEY

BofA’s Moynihan to be keynote speaker at Northern R.I. Chamber event

LINCOLN – Bank of America Corp. Chairman and CEO Brian Moynihan will be the keynote speaker at the Northern Rhode Island Chamber of Commerce...

Bank of America 4Q profit falls 18% on lower interest rates

CHARLOTTE, N.C. (AP) – Bank of America Corp.’s fourth-quarter profits fell 18% from a year ago, as lower interest rates weighed down its results....
BANK OF AMERICA posted a $4 billion profit in the first quarter of 2020, reflecting a sharp increase in funds set aside for bad loans. AP FILE PHOTO/STEVEN SENNE

BofA posts $4B Q1 profit, builds funds anticipating bad loans

PROVIDENCE - Bank of America Corp. reported a 45% drop in first-quarter earnings driven by a new $3.6 billion reserve build for bad loans...
BANK OF AMERICA CEO Brian Moynihan received $26.5 million in total compensation in 2019. / BLOOMBERG NEWS FILE PHOTO/SIMON DAWSON

BofA leaves CEO’s pay flat at $26.5M after decade at helm

Bank of America Corp. awarded CEO Brian Moynihan $26.5 million for 2019, unchanged from a record amount a year earlier. Moynihan, 60, received $25 million...
BANK OF AMERICA will give $1,000 in December to eligible employees who earn $100,000 or less annually, while higher-paid staff will receive a stock award next year, as part of a special bonus program that is has also offered in the previous two years. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

Bank of America to pay special bonuses for third year after...

NEW YORK – Bank of America Corp. plans to pay its employees special bonuses for a third straight year after reporting record earnings in...
BANK OF AMERICA reported a $5.8 billion profit in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

BofA’s deal fees surge in sign of investment-bank turnaround

NEW YORK – Bank of America Corp. posted the biggest jump in investment-banking fees on Wall Street, helping profit overcome headwinds from lower interest...
BANK OF AMERICA CEO Brian Moynihan said that recession risks are low in the U.S. as consumer spending remains strong but noted that fear of a recession could impact the economy. / BLOOMBERG NEWS/SIMON DAWSON

BofA’s CEO says the biggest recession risk is the fear of...

NEW YORK – Bank of America Corp. CEO Brian Moynihan said this week’s bond-market turmoil has been driven by issues outside the United States,...
BANK OF AMERICA reported a profit of $7.35 billion in the second quarter of 2019. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

BofA counters trading slump with gains in consumer banking

NEW YORK – Bank of America Corp.’s consumer bankers extended their winning streak for another three months. Gains in the retail division helped drive overall...

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