Bank of America's second-quarter earnings will be hurt by a drop in trading revenue, lower-than-expected interest rates and the sale or shuttering of certain assets, according to comments from Chief Executive Brian Moynihan on Wednesday.
Bank of America CEO Brian Moynihan sees his company's biggest mission as helping the economy to grow. To make that happen, he said, the bank needs to stay big.
Bank of America CEO Brian Moynihan said the Trump administration would harm U.S. businesses and undermine the financial system if it were to revive a Depression-era law separating consumer and investment banking.
Bank of America awarded CEO Brian T. Moynihan $20 million for his work last year, raising his compensation 25%, while Citigroup cut CEO Mike Corbat’s by 6.1% to $15.5 million.
The chief executive officer of the Bank of America Corporation has highlighted his concerns over the structural issues that Europe is facing.
Bank of America doubled the number of internal referrals that advisors in its Merrill Lynch wealth-management unit must make to avoid having their compensation cut.
JPMorgan and Bank of America forecast fourth-quarter trading gains after the U.S. election roiled markets and upended expectations for interest rates and economic growth.
Rising interest rates and the incoming administration's pro-growth policies will help major financial institutions in the coming years, Bank of America Chairman and CEO Brian Moynihan told CNBC on Tuesday.
CNBC Exclusive: CNBC Transcript: Bank of America Chairman and CEO Brian Moynihan Speaks with CNBC’s Wilfred Frost on “Squawk Box” Today
Expenses management: 'The question is, can we do more?'
The Everton midfielder didn't cover himself in glory on his first start of the season.
Pierre-Emerick Aubameyang has already scored six Premier League goals for Unai Emery's Gunners this season - but is Harry Kane the better striker?
The Saints midfielder won plaudits as Ralph Hasenhuttl's side thrashed their bitter rivals on their own turf in the League Cup.
Could Sead Haksabanovic be on his way out of the Premier League and West Ham United after with a move to Serie A on the cards?
Jamie Shackleton is making a big name for himself with Leeds United.
Everton beat Sheffield Wednesday 2-0 on Tuesday night.
Che Adams is yet to score in seven Southampton games and drew a blank again as Ralph Hasenhuttl's side battered Pompey 4-0 in the EFL Cup.
Arsenal beat Nottingham Forest 5-0 on Tuesday night.
Rangers winger Brandon Barker has picked up another injury.
Andy Carroll reportedly won't kick a ball for Newcastle United again this year.
Bank of America CEO Brian Moynihan said that the adoption of technology at the second-biggest U.S. lender has allowed him to cut 100,000 workers in less than a decade.
The bank's third-quarter earnings are 43 percent higher than a year earlier.
Bank of America boosted CEO Brian Moynihan’s compensation to $23 million for 2017, a 15 percent increase from a year earlier.