(BAC) News Today

Investors are taking their money to the banks.

The stablecoin market could be headed for a major competitive shake-up as some of the world's largest financial institutions move beyond experimentation and prepare to compete directly for blockchain-based payments and liquidity.

Goldman Sachs just combed through $10 trillion in equity positions and found a surprising overlap between hedge fund and mutual fund portfolios, and the shared favorites reveal a clear conviction about where institutional money expects the biggest returns.

Twenty-one firms including several megabanks plan to establish a company that would help guard against competition from digital assets.

A group of 21 financial institutions including Goldman Sachs , Bank of America , Citi and Deutsche Bank plan to create a company this year to issue a cryptocurrency pegged to the ​dollar in the first half of 2027, they said on Tuesday.

The Oracle of Omaha retired on Dec. 31, passing the baton and oversight of Berkshire Hathaway's $357 billion investment portfolio to Greg Abel. Warren Buffett or Greg Abel has sold shares of Bank of America for eight consecutive quarters -- and profit-taking is likely only part of the story.

Legendary investor Warren Buffett was well-known for his belief in value stocks during his time as CEO for Berkshire Hathaway (NYSE:BRK) (NYSE:BRK). While successor Greg Abel has made many changes to the stock portfolio for the conglomerate, the top positions are mostly the same and bringing in large amounts of dividend income.

Bank of America's NII rises 9% y/y to $31.7B in 1H26, led by loan and deposit growth and asset repricing, with gains expected through the rest of 2026.

When a high-flying fund crashes, the shockwaves can spill beyond its own balance sheet. Following a sharp mid-summer sell-off in the semiconductor sector, the artificial intelligence-focused hedge fund Situational Awareness sustained a devastating 67% portfolio drawdown.

A federal judge said on Thursday he would grant final approval to Bank of America's $72.5 million class-action settlement with women ​who accused the second-largest U.S. bank of facilitating their sexual abuse ‌by the late financier Jeffrey Epstein.

Bank of America's AI push and branch expansion are boosting efficiency. However, persistent expense pressure could cloud the case for fresh investment.

Wall Street's most powerful banks fought side by side for years to relax capital rules, but with victory in sight, that alliance has fractured.

Bank of America stock works as a covered strangle, a strategy for investors who already own shares and want to add more.

The SEC has subpoenaed a number of Wall Street banks for information tied to AI-focused hedge fund Situational Awareness's near-collapse last month. The agency is seeking information about the fund's trades, leverage and communications with lenders, according to reports.

For the third consecutive week, speculative investors increased their bullish bets on gold, in part due to growing uncertainty surrounding the sustainability of U.S. government debt, reigniting the debasement trade.

Bank of America Series NN and QQ preferred shares yield 6.6%, offering attractive income relative to long-dated Treasuries. BAC's strong operating performance, including rising net interest income and steady loan growth, underpins preferred dividend safety. Risks include shrinking loan loss allowances and sensitivity to long-term interest rates, but BAC's 'too big to fail' status provides comfort.

Berkshire sold about 30.2 million Bank of America shares in the second quarter, cutting the position 5.9%. Berkshire's Delta stake grew 44% to 57.3 million shares, a position it started building only this year.

The U.S. Securities and Exchange Commission on Friday charged a former senior Bank of America investment banker with insider trading, alleging he tipped a longtime ​friend and former colleague about a pending merger, allowing the friend to make $18.5 ‌million of illegal profit.

Bank of America offers multiple preferred share series, such as BAC.PR.B is trading near par and yielding a little over ~6%. The current allocation case for BAC.PR.B is weak due to its lack of discount and limited upside with uncapped downside. Investors may find better value in lower coupon BAC preferreds, such as BAC.PR.P, which trade at significant discounts to par.

The 2026 scoreboard among these three big financial names is decisive. BNY Mellon (NYSE:BNY) stock has vastly outrun both Bank of America (NYSE:BAC | BAC Price Prediction) and Wells Fargo (NYSE:WFC) year to date (YTD), reframing what winning the bank trade means this year.

Bank of America has appointed Yuta Komori as chair of Asia Pacific Global Industrials Investment Banking (GIG), while naming Meng Gao ​and Masashi Toda as co-heads of the group, according to ‌an internal memo reviewed by Reuters on Wednesday.

Funding will help provide emergency shelter, meals and recovery support for families and communities impacted by the Spokane Area and Other Western Wildfires Key points Bank of America is directing $250,000 to the American Red Cross to support relief and recovery efforts following the wildfires across the Pacific Northwest and western mountain states, including in and around Spokane, WA. Funding will help provide emergency shelter, meals, supplies and other critical assistance to individuals and families affected by the wildfires.

BAC, C, DB and HSBC are among six banks agreeing to an $86.4M settlement over alleged Mexican bond market manipulation.

Berkshire's latest portfolio moves signal a bigger bet on Alphabet and housing stocks. Here are the ETFs that offer exposure to its top buys.

BAC invests $1.9 billion for up to a 49.9% stake in Jio Credit, expanding its India presence and exposure to the growing financial-services market.

Mexican banking affiliates of Bank of America , Banco Santander , BBVA , Citigroup , Deutsche ​Bank and HSBC agreed to pay $86.4 million ‌to settle a long-running antitrust lawsuit by investors who accused them of rigging the market for Mexican ​government bonds.

It's no happenstance that Brian Moynihan regularly jams “gainsay,” “concomitant” and “fantods” into otherwise ordinary sentences in analyst calls.

Berkshire Hathaway's portfolio has meaningfully changed since Warren Buffett retired as CEO on Dec. 31. Abel continued an eight-quarter streak of paring down Berkshire's stake in Bank of America -- and profit-taking likely tells only part of the story.

Bank of America agreed to acquire as much as a 49.9% interest as a joint venture partner in Jio Financial Services Limited's nonbank financial company lending subsidiary, Jio Credit Limited (JCL), according to a Wednesday (Aug. 12) press release. The transaction initially gives Bank of America a 26.

Bank of America will acquire up to 49.9% stake ​in Jio Credit, a unit ‌of Jio Financial Services , for as much as 182.68 billion rupees ($1.92 billion), the ​companies said on Wednesday.

Key points Bank of America's investment, including the equity shares and warrants (if fully subscribed), would be ₹18,268 crore (~$1.9 billion USD[1]).    Jio Credit receives further capital to support its growth in India and expertise of a global financial services firm.

BAC plans to acquire MDSec to strengthen cybersecurity, adding 65 specialists as AI and digital banking raise cyber risks.

Bank of America, Morgan Stanley, and JPMorgan Chase have pledged billions to invest in critical infrastructure including AI hardware.

Initiative aims to help strengthen and modernize America's infrastructure, supporting energy security, U.S. job growth and economic competitiveness Key points Bank of America's Critical Infrastructure Finance Initiative to help drive transformative infrastructure investment across the United States, honoring America's 250th anniversary Bank of America to support the development of digital, energy and power, and core infrastructure that enhances national competitiveness by strengthening energy security, accelerating technological leadership and enabling long-term economic growth Initiative to help create tens of thousands of jobs and advance community development Capital to be mobilized and deployed over 18 months, from America's 250th year in 2026 through July 4, 2027 CHARLOTTE, N.C., Aug. 12, 2026 /PRNewswire/ -- In celebration of America's 250th anniversary, Bank of America today announced the Critical Infrastructure Finance Initiative to mobilize and deploy $250 billion to support U.S. infrastructure development through financing, investment and advisory solutions.

Bank of America is launching a $250 billion initiative to finance US data centers, energy, semiconductors, transportation and other critical infrastructure

Bank of America said on Wednesday it plans to deploy $250 billion through July next year to support U.S. digital and infrastructure projects, ​an initiative it says will bolster the country's economic ‌growth and help create tens of thousands of jobs.

The bank is joining rivals that are rolling out pledges to back investments in U.S. critical industries.

Being financial powerhouses with impressive franchises, both Bank of America BAC and Morgan Stanley MS benefited from stronger capital markets activity, robust trading volumes and improving investment banking (IB) conditions in the first half of 2026. However, their business models differ.

The smart money is decisively bullish on Bank of America (NYSE:BAC | BAC Price Prediction), even as the stock trades at or near record highs.

Nationally Recognized as Big Brothers Big Sisters of America's " Agency of the Year," BBBSEHU Will Connect Thousands of New Jersey Youth Annually to Career Pathways, Higher Education, and Economic Opportunities with BofA's Support Key points Big Brothers Big Sisters of Essex, Hudson & Union Counties received new grant support from Bank of America for their "Big Futures through Mentoring & Workforce Development" initiative Program connects mentored youth to in-demand career paths and professional networks Investment reflects Bank of America New Jersey's growing relationship with Big Brothers Big Sisters of Essex, Hudson & Union Counties and a commitment to workforce development NEWARK, N.J., Aug. 10, 2026 /PRNewswire/ -- Bank of America announced a $50,000 grant to Big Brothers Big Sisters of Essex, Hudson & Union Counties (BBBSEHU) in support of its "Big Futures through Mentoring & Workforce Development" initiative.

Bank of America Corp (NYSE:BAC) has spent the last two weeks building on a 1.9% post-earnings gain from July 14, culminating in an all-time high of $62.98 on Monday. The shares are now 10% above their 2006 peak around $55, with the subsequent pullback caught by the 20-day moving average.

The market cap-weighted S&P US BMI Banks index delivered a total return of 4.5% in July, compared to a 0.1% decline in the S&P 500. As of July 31, BCB Bancorp Inc. was the least expensive bank in the analysis.

Li Lu's Himalaya Capital cut its Bank of America (NYSE:BAC | BAC Price Prediction) position by roughly 71% and redeployed the proceeds into the three companies that grade, index, and monitor the credit system itself.

Dan Deming has his eyes on major players in the industrial, financial and defense sectors for today's Big 3 trades. First on his list, Honeywell (HON) where he maps out a call butterfly strategy looking to capture a breakout above $250.

Bank of America's co-head ​of investment banking, Mike Joo, is leaving the ‌firm for an external opportunity, according to an internal memo seen by Reuters, in one of the most high-profile departures at the second-biggest ​U.S. bank in recent months.

Senior Bank of America technology ​executive Ed Liu has ‌resigned and plans to join a competitor, the bank said in ​an internal memo on Wednesday.

Bank of America CEO Brian Moynihan said the company is spending more than $250 million annually to provide GLP-1 weight loss medications to its workforce. Moynihan told CNBC the expense has surged from zero about five years ago, but called it a "good investment.

Key points Applications for the 2027 Bank of America Art Conservation Project® will be accepted from Aug. 1 through Sept. 30, 2026. The program supports the conservation of historically or culturally significant artworks and artifacts around the world.

Bank of America CEO Brian Moynihan joins 'Squawk Box' to discuss the state of the economy, state of the consumer, the Fed's interest rate outlook, the company's stock performance, latest market trends, and more.

Warren Buffett's latest 13F filing, disclosing holdings as of March 31, and filed May 15, still concentrates Berkshire Hathaway's public-equity firepower in just five names.