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LOS ANGELES, CA — Four "crime tourists" are facing federal charges stemming from accusations they stole $10,000 from a person who had just withdrawn the cash from an ATM in Los Feliz, according to the U.S. Attorney' Office. Authorities claim the group — one man and three women — were caught red-handed committing the April 16 theft, as they were being surveilled in connection to a similar theft of a Rolex in Orange County earlier this year, according to the criminal complaint obtained by Patch. In this case, authorities say one of the women was inside a Vermont Avenue Bank of America scouting for victims. There, she let a person cut in front of her in the ATM line and that person withdrew $10,000, ATF Special Agent Wyatt Haccou wrote in court documents. After that, the woman and her group followed the victim via car from the ATM to a 76 gas station at Melrose and Vermont avenues. While the victim was at the gas pump, the group found the $10,000 inside the vehicle's center console

CoreWeave (NASDAQ:CRWV), a leading AI datacenter platform, has earned a ‘Buy' rating and $42 price objective from Bank of America analysts in their initial coverage of the company.  Analysts believe CoreWeave is well-positioned to take share in the rapidly expanding AI Infrastructure-as-a-Service (IaaS) market, which is projected to reach $79 billion by 2028, growing at a 62% three-year compound annual growth rate (CAGR).

NEW YORK (Reuters) -Bank of America shareholders voted on Tuesday to approve pay packages for CEO Brian Moynihan and the lender's top executives, and also elected its 14 directors on the board. Proxy adviser Institutional Shareholder Services had recommended that investors vote against the payouts, expressing concerns about the process used to set the compensation. aAdsList.push('Article'); aAdsListSize.push([300, 250]); aAdsListCA.push(null); Moynihan earned $35 million for last year, an increase of roughly 21%. The company's board credited him with growing its net income 2.3% last year and boosting revenue 3.4%. On U.S. plans to impose tariffs on trading partners, Moynihan said any impact on the bank will be indirect - on how a trade war affects the economy. "The impact on our bank will be through the economic impact of a trade war... so if you believe that consumption falls and that results in reductions in force of employees and unemployment rate would go up," he said. The administ

It's been a tough year for the stock market, with the broader benchmark S&P 500 down 12% year to date, and much more from from highs reached in the back half of February.

CHARLOTTE, N.C. , April 22, 2025 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on May 9, 2025 all €1,250,000,000 principal amount outstanding of its 0.808% Fixed/Floating Rate Senior Notes, due May 9, 2026 (ISIN: XS1991265478; Common Code: 199126547) (the "Notes").

Many investors vividly remember some of the darkest days of the Great Recession. Additionally, the collapse of Silicon Valley Bank a few years ago sent ripples through the industry.

Bank of America Corporation has shown impressive earnings growth, with net income at $7.4 billion and EPS at $0.90, indicating strength in long-term trends. Despite strong financial performance, the stock has declined nearly 18%, prompting a downgrade to a "buy" rating due to potential sector underperformance. Comparative valuations show BAC trading at a favorable price-book ratio of 1.028x, lower than most peers, indicating potential investment value.

The trade war threatens the global dominance and growth of America's megabanks.

Bank of America exceeded profit expectations in 1Q25, driven by higher net interest income and strong equities trading results, with a positive forecast for 2025. The bank's asset quality remains robust, with decreasing net charge-offs, indicating no heightened recession risk, and a favorable lending environment. Despite market volatility and tariff impacts, Bank of America's valuation multiple contracted, presenting a compelling buying opportunity at a slight premium to book value.

Bank of America (BAC 0.31%) recently reported financial results for the first quarter of 2025. The numbers exceeded Wall Street expectations, as revenue totaled $27.4 billion (up 6.2% year over year) and diluted earnings per share came in at $0.90 (up 18%).