Displaying 40 results
Bullish investors primed to drive stock rally, says BofA
US stocks and global equities will be the biggest beneficiaries as dollars rotate from cash, suggests survey.
Merrill Lynch agrees to nearly $20M settlement for racial class action
Discriminatory actions at the wirehouse have restricted business opportunities and compensation for African American advisors, alleged four former employees.
American workers are feeling more confident about their financial wellbeing: BofA
Concern about current conditions weakening retirement savings has eased.
Tragedy at BofA as 25-year-old trader dies at industry event
The sudden fatality is the second young employee death at the banking giant in recent weeks, raising questions around culture of long, demanding hours.
Why good economic news is now bad for equities: BofA
Investors are pulling back from stocks.
Advisor attrition dropping at Merrill Lynch
Although departures of financial advisors may have slowed at certain large firms, that doesn't mean the problem's been squelched.
Cash fund flows won’t ease until one year after rate cuts: BofA
Strategist Michael Hartnett says history suggests a 12-month lag.
BofA rolls out retirement income portfolios
The products, available to Merrill's clients, are designed to provide retirees with reliable income over 25 years.
Investors are in a risk-on mood: BofA
A survey of fund manages shows rising preference for Europe, emerging markets stocks.
Hedge funds, PE firms discussing ways to deal with SEC messaging crackdown
Citadel, KKR & Co. and Blackstone Inc. are among the firms that have been talking about strategies to blunt SEC penalties related to the use of messaging apps.
Americans boosted their 401(k) savings in 2023, BofA report reveals
There were fewer hardship withdrawals taken last year, too.
BofA cuts CEO pay following 2023 profit decline
Bank reduces Brian Moynihan’s total compensation after its shares performed the worst among its biggest rivals.
Merrill adds new clients by tapping Bank of America customers
'In 2023, a record number of existing Bank of America clients became Merrill clients,' says Eric Schimpf, president and co-head of Merrill Wealth Management. 'We can and will do more here.'
Investors ignoring inflation risk with rate hopes, says BofA
Strategists say an early rate cut could be delayed if prices keep rising.
Cash is king for investors early in 2024, says BofA
Money-market funds gained $123B in the first week of the year.
US is ‘leading the way’ into 2024, BofA says
BofA execs discuss market timing and the outlook for US growth next year at a roundtable.
Bank fined $24M for spoofing in Treasuries market
Two former employees engaged in more than 700 ‘spoofs’ over almost a decade, Finra charges.
S&P 500 to reach record high of 5,000 in 2024, BofA predicts
But not all of the bank's strategists are optimistic about next year's big stories.
Bank of America sees decline in income for wealth group
CEO Brian Moynihan calls the wealth management group 'the least efficient business in the platform.'
US stocks still face hard landing risk, says BofA strategist
Michael Hartnett says investors should 'sell the last rate hike.'
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