Tuesday, May 18, 2021


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COMMUNITY BASED: Bank of America may have nearly $2.3 trillion in assets, but as CEO Brian Moynihan points out, the bank’s health depends on the health of the many communities it operates in. 

Big banking can succeed by helping communities meet needs

When Bank of America Corp. CEO Brian Moynihan says, “If the community is strong, we’re strong,” he is doing more than parroting the famous...
BANK OF AMERICA reported a net income of $7.2 billion in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Bank of America’s deposits surge in R.I. on mobile banking

Going by the numbers, Bank of America had a banner year in Rhode Island. Its deposits within the state skyrocketed to $12.4 billion as...

Bank of America limits risk, reward

Bank of America’s investors just got more evidence that taking the slow and steady road is paying off but that there is a trade-off...
BANK OF AMERICA reported a net of Net income of $7.2 billion in the third quarter. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

Bank of America’s lending business gets jolt off higher rates

NEW YORK - Bank of America Corp. got another boost from rising interest rates in the third quarter. The firm’s lending business produced the most...
BANK OF AMERICA Corp. reported a $6.78 billion net income in the second quarter of 2018. / BLOOMBERG FILE PHOTO/RON ANTONELLI

BofA’s consumer profit jumps as customers boost borrowing

NEW YORK - United States consumers are levering up again, and Bank of America Corp. is using that, along with cost cuts, to boost profit. Bank...

Bank of America sets right tempo

Brian Moynihan’s slow waltz to safety is clearing some of Bank of America’s dance floor. That might not be such a bad thing. Bloomberg News...
BANK OF AMERICA is tamping down risk-taking this year. Some people within the company said that the firm’s reluctance to take risks has contributed to defections of dealmakers. / BLOOMBERG FILE PHOTO/RON ANTONLLI

BofA is said to tap brakes on risk, spurring banker departures

NEW YORK - The message came from one of Bank of America Corp.’s most powerful board members across large video screens: “We’re not going to...
BANK OF AMERICA reported net income of $6.92 billion for the first quarter. / BLOOMBERG FILE PHOTO/RON ANTONELLI

Bank of America’s cost-cutting drive pushes profit to record

NEW YORK - Bank of America Corp. hit a new milestone in its years-long effort to get costs under control. First-quarter expenses totaled about 60 percent...
BANK OF AMERICA posted a $2.37 billion net income for the fourth quarter. / BLOOMBERG FILE PHOTO/DAVIS TURNER

BofA has ways to go to hit $53B cost target this...

NEW YORK - Bank of America Corp. once excited investors by pledging steep cost cuts by the end of this year. It still has a...
BANK OF AMERICA CORP. reported third-quarter net income of $5.59 billion. / BLOOMBERG FILE PHOTO/RON ANTONELLI

BofA profit best in six years as rising rates lift revenue

NEW YORK - Brian Moynihan’s efforts to boost Bank of America Corp. profit through cost cutting finally got some help from interest rates. The lender...

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