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Bank Of America

All articles tagged with #bank of america

Build a Buffett-Style Starter Portfolio With $300
investing6 hours ago

Build a Buffett-Style Starter Portfolio With $300

The Motley Fool argues Warren Buffett’s investing approach remains relevant and spotlights three Buffett-style picks—Apple, Kroger, and Bank of America—as solid, defensive holdings. With $300 you can deploy about $100 into each stock using fractional shares to create a beginner portfolio built on Buffett’s criteria (strong management, durable moat, steady earnings). Apple remains a major Berkshire Hathaway holding (recently trimmed for rebalancing), Kroger offers budget-conscious appeal and a dividend, and Bank of America reflects Buffett’s continued preference for leading financials. The piece highlights long-term, high-conviction investing over chasing hot trends, and notes Fool promotion of further stock ideas.

business7 days ago

BofA Rewards Expands to Millions with No-Fee Loyalty Program

Bank of America is launching BofA Rewards, a no-fee loyalty program for all clients with a Bank of America personal checking account, expanding eligibility to more than 30 million new members. Replacing the former Preferred Rewards on May 27, 2026, it features four tiers tied to a three-month balance, offering 10–75% credit-card rewards, access to 15,000+ cash-back deals, discounts on home and auto loans, enhanced identity monitoring, and up to $180/year in Premier subscription credits, plus lifestyle experiences and a redesigned digital experience in mobile app and online banking. Current Preferred Rewards members will be auto-enrolled.

BoA Keeps Buy on Amazon as AI-Driven AWS Push Looms Large
market-news17 days ago

BoA Keeps Buy on Amazon as AI-Driven AWS Push Looms Large

Bank of America reiterates a Buy on Amazon after a mixed Q4 and a much larger capex plan. Analyst Justin Post trims the target to $275 but argues AWS capacity expansion and AI-driven demand could drive future growth, even as he cites margin volatility and possible negative free cash flow in 2026. The street remains broadly bullish with a Strong Buy consensus and ~35% upside to a ~$283 target. Amazon guided Q1 revenue above expectations, but capex is seen rising to about $200B in 2026, with AWS growth at 24% and overall revenue at $213.4B for Q4.

BoA CEO warns trillions could shift to yield-bearing stablecoins if allowed to pay interest
policy1 month ago

BoA CEO warns trillions could shift to yield-bearing stablecoins if allowed to pay interest

Bank of America CEO Brian Moynihan warned that a Treasury Department study suggests up to $6 trillion of U.S. bank deposits could migrate into stablecoins if interest-bearing stablecoins aren’t restricted, potentially shrinking banks’ deposit bases and raising wholesale funding costs. The report comes as lawmakers rush to finalize a crypto bill that would ban interest on stablecoins unless tied to activities like staking or liquidity provision, amid lobbying from banks and crypto firms and concerns about financial surveillance.

Bank of America Hires 2,000 Gen Z Graduates from 200,000 Applications
business1 month ago

Bank of America Hires 2,000 Gen Z Graduates from 200,000 Applications

Bank of America CEO Brian Moynihan announced the bank hired 2,000 recent Gen Z graduates from 200,000 applications, amid concerns about young people's fears of the future due to AI-driven automation and a challenging job market. Moynihan emphasized harnessing AI for growth and criticized overemphasis on the Fed's role in the economy. Meanwhile, experts highlight that Gen Z faces a 'hiring nightmare' with reduced entry-level opportunities and increased automation, leading many to pursue further education to compete.

Bank of America CEO Highlights AI's Growing Economic Impact and 2026 Market Trends
business2 months ago

Bank of America CEO Highlights AI's Growing Economic Impact and 2026 Market Trends

Bank of America CEO Brian Moynihan discusses the US economy, highlighting solid consumer spending across income levels despite inflation concerns, the impact of interest rates on housing, and the ongoing effects of trade policies and AI integration in banking. He emphasizes the importance of a stable Federal Reserve and reassures that the bank maintains inclusive policies, countering political and social pressures.