Bank of America
American multinational banking and financial services corporation
Activity
Apple Announces John Ternus as New CEO, Succeeding Tim Cook in September
Apple has officially announced John Ternus as its new CEO, succeeding Tim Cook, with a focus on advancing the company's artificial intelligence initiatives. Ternus, a veteran hardware engineer at Apple, will be tasked with navigating the company through a transforming tech landscape, emphasizing hardware development and innovation.
Bank of America Settles Lawsuit Over Jeffrey Epstein's Suspicious Transactions
Bank of America has agreed to settle a lawsuit claiming it ignored suspicious financial transactions involving Jeffrey Epstein. The settlement addresses concerns about the bank's oversight and may lead to greater regulatory focus on monitoring illicit financial activity.
Banco Plata Names Marcos Kantt as CFO to Drive Profitability and IPO Plans
Banco Plata has appointed Marcos Kantt as CFO to accelerate its path to profitability and prepare for a potential stock market debut. This move comes as the bank rapidly expands its loan portfolio and customer base, positioning itself for future growth.
France Boosts Security Following Foiled US Bank Attack Linked to Iran
France has heightened security measures in Paris following a thwarted attack on a US bank linked to Iran. Multiple arrests and investigations are ongoing to dismantle the threat network.
Bank of America to pay $72.5M to Jeffrey Epstein victims in latest settlement
Bank of America has agreed to pay $72.5 million to victims of Jeffrey Epstein, settling a lawsuit that accused the bank of enabling his trafficking. The settlement awaits court approval, highlighting ongoing legal proceedings related to Epstein's network.
Bank of America sets bullish price targets for CoreWeave, Nebius; reinstates Microsoft Buy rating
Bank of America raised price targets on CoreWeave and Nebius, positioning them as major players in the expanding AI infrastructure sector. They also reinstated a Buy rating on Microsoft, emphasizing its long-term AI-driven growth despite recent stock volatility.
Bank of America Adjusts Apple and Micron Price Targets After Earnings and Market Shifts
Bank of America lowered Apple's price target citing product delays and margin shifts but raised Micron's target after robust earnings and AI-driven demand. These adjustments signal market caution for Apple and confidence in Micron's AI-fueled growth ahead.
U.K. Sustainability Efforts Gain U.S. Corporate Support and Historic Backing
U.K. sustainability initiatives are drawing U.S. CEOs, including Brian Moynihan of Bank of America, emphasizing stronger transatlantic cooperation on green finance. Meanwhile, historic Hampton Court Palace is hosting a major sustainable finance event, showcasing innovative approaches to environmental responsibility.
Bank of America and Fortune Highlight US Stock Drop Amid AI Anxiety
Bank of America has lowered its Amazon stock outlook amid AI investment worries. Fortune reports that U.S. stock declines are linked to 'AI derangement syndrome' and changing CEO communications about AI.
Bank of America Upgrades Tesla and Recommends U.S. Auto Stocks for 2026
Bank of America has upgraded Tesla stock, emphasizing autonomous driving and robotaxi growth. The bank also recommends buying Ford, GM, and Tesla stocks for 2026, signaling confidence in the U.S. auto market.
Eric Trump and Trump Urge Congress to Act on Crypto Amid Banking Dispute
Eric Trump criticizes banks over stablecoin conflicts, calling them 'anti-American'. Concurrently, Trump urges Congress to pass crypto regulations, emphasizing industry needs. Both developments reveal heightened tensions in the crypto regulatory landscape.
Bank of America Sets Bold Price Targets for Gold and Silver by 2026
Bank of America has increased its price targets for gold and silver by 2026, with gold expected to hit $6,000. Silver's outlook ranges from $135 to $309 per ounce, indicating strong bullish sentiment.