Jan 21, 2025 · Despite the Fed uncertainty, Bank of America shares have rallied 11.5% since Donald Trump's election win in November. The S&P 500 is up 4.7% during that same stretch. The S&P 500 is up 4.7% during ...

Dec 1, 2010 · Bank of America Background On January 16, 2009, the U.S. Department of the Treasury, the Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) jointly announced that the U.S. government would provide support to Bank of America to contribute to financial market stability.

1 day ago · The central bank has penciled in two rate cuts this year after it lowered them for three consecutive meetings, whittling its benchmark rate from a 20-year high range of 5.25%-5.5% to the current 4 ...

Jul 16, 2024 · Bank of America traditionally keeps a balance sheet of shorter-term securities, so when the Federal Reserve raised interest rates, BofA had to finance at the higher rate more quickly than its peers. The bank saw fewer credit losses and delinquencies than its competition, only increasing the money it set aside for loan losses by a modest amount.

Jul 3, 2023 · Bank of America’s 2023 Dodd-Frank Act supervisory severely adverse stress test results, submitted to the Federal Reserve as part of Bank of America’s Comprehensive Capital Analysis and Review (CCAR) submission on April 5, 2023, are available on the company’s website at investor.bankofamerica.com.

Apr 17, 2024 · Bank of America CEO Brian Moynihan weighs in on the fight against inflation and another solid quarter of consumer spending.

Nov 12, 2024 · Bank of America CEO Brian Moynihan acknowledged the Federal Reserve may have a few challenges under the incoming Trump administration, but it shouldn't have to fight for its independence.

1 day ago · The U.S. central bank did not cut borrowing costs amid a solid economy and rising inflation risks. 8 Federal funds target rate 6 The Federal Reserve left interest rates unchanged on Wednesday, as ...

Oct 2, 2024 · The Federal Reserve is an independent entity established by the Federal Reserve Act of 1913. At that time, President Woodrow Wilson wanted a government-appointed central board, but Congress wanted the Fed to have 12 regional banks to …

2 days ago · The policy-setting Federal Open Market Committee agreed unanimously to hold the target federal funds rate at 4.25% to 4.5%, the U.S. central bank announced Wednesday afternoon following the ...