The Business Times

Bank of America Corp

Banking & Finance

Bank of America beats profit estimates on dealmaking strength

Expectations that the Federal Reserve will resume interest rate cuts this month and concerns over US President Donald Trump’s tariff and fiscal policies are weighing on the greenback.
Companies & Markets

Emerging market investor inflows are a 2026 story, BOA says

Their official forecast since April had been for no Fed action until the second half of next year, when they predicted 100 basis points of easing.
Banking & Finance

Bank of America sees two US Fed rate cuts this year vs none before

Some of the nation’s biggest banks have been accused by the Trump administration of shutting customer accounts for political or religious reasons.
Banking & Finance

Trump signs order targeting banks over political discrimination

“We don’t close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed,” JPMorgan said.
Banking & Finance

Trump says banks discriminate against his supporters

The new programme replaces the current US$25 billion authorisation announced a year ago, of which the firm had US$9.1 billion of capacity remaining as at the end of June.
Banking & Finance

Bank of America to buy back US$40 billion of shares in new programme

Chief executive officer Jamie Dimon sees more threats than ever.
Banking & Finance

JPMorgan is now worth more than three largest rivals combined

JPMorgan Chase, Citigroup and Wells Fargo are set to kick off second-quarter earnings on Jul 15.
Banking & Finance

US bank profits to climb on stronger trading, investment banking

The wealth fund’s backing goes back to January 2008 when it injected US$2 billion into the troubled Merrill Lynch, then reeling from losses tied to subprime mortgages.
Banking & Finance

Bank of America loses crisis-era backer after Kuwait sells US$3 billion stake

JPMorgan Chase, the nation’s largest bank, raised its dividend to US$1.50 a share from US$1.40 and also announced a new US$50 billion share repurchase programme.
Banking & Finance

Biggest US banks hike dividends, announce share buybacks after acing stress tests

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