Bank of America president and CEO Brian Moynihan told CNBC's Maria Bartiromo that he sees unemployment "working its way down."» Read More
Sept 19- Warren Buffett said on Thursday he would recommend reappointing Ben Bernanke as Federal Reserve chairman, while adding that low interest rates have inflated asset values and complicated his hunt for investments at his company Berkshire Hathaway Inc..
In an interview on CNBC, investor Warren Buffett said he's having a "hard time finding things to buy" now that stocks are no longer "ridiculously cheap."
CNBC's Becky Quick is joined by Warren Buffett, chairman and CEO of Berkshire Hathaway, and Brian Moynihan, president and CEO of Bank of America, to discuss the Fed's decision to keep intact the bond buying program. Buffett explains why he didn't have any "great expectations" on whether the Fed would taper or not. And Moynihan feels the "economy is very constructive."
HONG KONG/ NEW YORK, Sept 4- Bank of America Corp raised $1.47 billion by selling its remaining stake in China Construction Bank Corp, ending an eight year-old investment that generated a paper profit more than five times the original cost.
*Bank of America stock up nearly 1 pct. HONG KONG/ NEW YORK, Sept 3- Bank of America Corp said on Tuesday it started selling its remaining stake in China Construction Bank Corp for as much as $1.5 billion, marking the final step of the U.S. bank's multi-year exit from the asset.
*Bank of America stock up 1.6 pct. HONG KONG/ NEW YORK, Sept 3- Bank of America Corp started selling its remaining stake in China Construction Bank Corp on Tuesday for up to $1.5 billion, according to a term sheet of the deal seen by Reuters, marking the final step of the U.S. bank's multi-year exit from the asset.
*Jury trial scheduled to begin Sept. 23. NEW YORK, Aug 27- A U.S. government lawsuit accusing Bank of America Corp of fraud in the sale of billions of dollars of toxic mortgage loans to Fannie Mae and Freddie Mac is on track to go to trial next month after a judge rejected the bank's bid to dismiss the case.
Warren Buffett met with Bank of America CEO Brian Moynihan last week for dinner. What was likely on the menu? CNBC's Kayla Tausche has the details.
What's discussed when Warren Buffett and Brian Moynihan have dinner? Likely that Bank of America shares have more than doubled since Buffett took a stake in August 2011.
The CEO of Bank of America and billionaire investor Warren Buffett met for dinner in Omaha two weeks ago, reports CNBC's Kayla Tausche. On the menu: Berkshire Hathaway's investment in BofA.
The CEO of Bank of America and billionaire investor Warren Buffett met for dinner in Omaha two weeks ago, reports CNBC's Kayla Tausche with the details.
NEW YORK, July 17- Hidden in the numbers released in Bank of America's second-quarter earnings report on Wednesday was a single figure- 27.6 percent- that should delight the wealth management industry.
July 17- Bank of America Corp posted a bigger-than-expected 70 percent jump in quarterly profit on Wednesday, helped by aggressive cost-cutting, as Chief Executive Brian Moynihan's turnaround efforts showed early signs of paying off.
July 17- Bank of America Corp posted a bigger-than-expected 70 percent jump in quarterly profit on Wednesday, helped by aggressive cost-cutting, as Chief Executive Brian Moynihan's turnaround efforts showed early signs of paying off. But Bank of America cut operating expenses 6 percent, while expenses grew at JPMorgan and Citigroup.
July 17- Bank of America Corp posted a 70 percent jump in quarterly profit, helped by higher stock trading revenue and lower expenses as Chief Executive Brian Moynihan's efforts at a turnaround showed early signs of paying off.
July 17- Bank of America Corp reported a stronger-than-expected 70 percent rise in second-quarter profit, helped by higher revenue from equities sales and trading and a drop in expenses. Net income applicable to common shareholders rose to $3.57 billion, or 32 cents per share, from $2.10 billion, or 19 cents per share, a year earlier.
NEW YORK, July 2- Citigroup may be losing ground in a business that is central to its recovery plan, as rivals catch on to how much money the unit makes. JPMorgan Chase& Co and Bank of America Corp have made transaction services a priority in the past two years, and have hired key senior executives from Citigroup.
Brian Moynihan will address investors at the bank's annual meeting, reports CNBC's Kayla Tausche.
A look at financials pushing markets higher, with Jim Paulsen, Wells Capital Management.
Bank of America CEO Brian Moynihan got a 73% pay increase in 2012, when the bank resolved crisis-era lawsuits and its stock was one of the sector's top performers.