Financials Brian Moynihan

  • Bank of America CEO: Loan demand showing consistent growth

    Bank of America CEO Brian Moynihan joins 'The Exchange' to discuss how his company is working towards gender equality, mortgage lending, the state of housing, the U.S. economy and digital banking.

  • Watch CNBC's full interview with Bank of America CEO Brian Moynihan

    Bank of America CEO Brian Moynihan joins 'The Exchange' to discuss how his company is working towards gender equality, mortgage lending, the state of housing, the U.S. economy and digital banking.

  • Warren Buffett, Chairman and CEO of Berkshire Hathaway.

    Berkshire Hathaway's Warren Buffett joined CNBC's "Squawk Box" to discuss his position on stocks like Apple, Kraft Heinz, General Electric and other stocks.

  • Feb 15- Citigroup Inc said on Friday its Chief Executive Michael Corbat will get a 4.35 percent raise, bringing his total compensation for 2018 to $24 million. Corbat's total compensation included a base salary of $1.5 million plus cash bonuses of about $6.75 million, equity awards of nearly $7.88 million, and a long-term performance based pay worth $7.88...

  • Brian Moynihan, Bank of America

    Moynihan is the latest bank CEO to disclose a pay raise for 2018. Bank of America benefited last year from the corporate tax cut, rising interest rates and Moynihan's efforts to cut costs.

  • NEW YORK, Jan 23- Mike Joo, Bank of America Corp's head of global rates and currencies origination, is taking over the role of operating chief within the corporate and investment bank as David Glaser retires, according to a memo sent on Wednesday. He joined Bank of America in 2006 as head of Asia Debt Capital Markets. His retirement marks the third executive...

  • Bank of America CEO Brian Moynihan speaking on Squawk Box at the WEF in Davos Switzerland on Jan. 20th, 2019.

    People are "spending a lot on experiences" such as dinners and travel even as signs emerge of a weakening global economy, BofA's Brian Moynihan says.

  • Bank of America CEO weighs in on the Q4 earnings report

    Bank of America CEO Brian Moynihan joins "Squawk Box" at Davos to discuss the earnings season following the release of the major banks' fourth quarter revenue.

  • People walk outside of the New York Stock Exchange.

    Bank of America CEO Brian Moynihan and Blackstone CEO Stephen Schwarzman speak with CNBC's Andrew Ross Sorkin about what's next for markets.

  • NEW YORK, Jan 16- Bank of America Corp's head of global investment banking Diego De Giorgi is leaving the company, according to an internal memo on Wednesday, in the first major personnel move under new investment banking chief Matthew Koder. De Giorgi, who leaves next month, will be replaced by two investment bankers, Jack MacDonald and Thomas Sheehan, who will be...

  • Jan 16- Bank of America Corps quarterly profit topped analyst estimates on Wednesday as a growing loan book helped it ride out year-end market turbulence, sending the lender's shares up more then 5 percent. Under Chief Executive Officer Brian Moynihan, the Charlotte-based bank has slashed costs while tightening risk controls, boosting overall...

  • Jan 16- Bank of America Corp reported better-than-expected fourth-quarter profit on Wednesday as higher interest income and loan growth eclipsed declines in revenue from investment banking and bond trading. The second-biggest U.S. lender's results were underpinned by four interest rate hikes by the central bank in 2018 and a strong job market that kept...

  • Dec 5- Citigroup Inc Chief Financial Officer John Gerspach said the bank expects market revenue in the current quarter to be slightly lower than last year. Gerspach, speaking at an investor conference in New York, said the fall was driven by a decline in fixed-income market revenue, while Citi's equity business is doing well. Speaking at the same conference,...

  • Dec 4- Bank of America Corp added two executives to its management team to fill the role left by former global wealth management chief Terry Laughlin, who passed away unexpectedly in October, the bank said in a statement on Tuesday. Andy Sieg, head of Merrill Lynch Wealth Management, and Katy Knox, president of Bank of America's private bank, U.S. Trust, will be...

  • Watch CNBC’s full interview with Bank of America CEO Brian Moynihan

    Bank of America CEO Brian Moynihan sits down with CNBC's Wilfred Frost in an exclusive interview.

  • "It was definitely a surprise when some of the other banks had better-than-expected loan growth," said R.J. Grant, head of trading at Keefe, Bruyette& Woods. Bank of America's total loan book grew 0.3 percent to $930 billion during the third quarter compared with the year-ago period. Bank of America shares were 48 cents lower at $27.98 shortly after midday.

  • "It was definitely a surprise when some of the other banks had better-than-expected loan growth," said R.J. Grant, head of trading at Keefe, Bruyette& Woods. Bank of America's total loan book grew 0.3 percent to $930 billion during the third quarter compared with the year-ago period. On a conference call with reporters, Chief Financial Officer Paul Donofrio said...

  • In his near-decade long tenure as chief executive officer, Brian Moynihan has tried to streamline the lender's sprawling operations by cutting jobs, digitizing retail operations and getting rid of crisis-era mortgages, which he inherited as part of its acquisition of Countrywide Financial. Net income applicable to common shareholders rose 35 percent to...

  • Total interest income- the difference between what a lender earns on loans and pays on deposits- rose 6.4 percent to $11.87 billion. "Responsible growth, backed by a solid U.S. economy and a healthy U.S. consumer, combined to deliver the highest quarterly pre-tax earnings in our company's history," Chief Executive Officer Brian Moynihan said in a statement.

  • Brian Moynihan, CEO of Bank of America

    The bank's third-quarter earnings are 43 percent higher than a year earlier.