US stock futures fell, indicating the Standard & Poor’s 500 Index may snap a three-day rally, after Federal Reserve Chairman Ben S. Bernanke said the world’s largest economy may need more stimulus. Verizon Communications Inc. and Boeing Co. helped lead declines in Dow Jones Industrial Average stocks. Bank of America Corp. and Morgan Stanley dropped [...]
The bank’s mortgage and credit losses have eased this year as the economy has improved. But its loan book is not growing, raising questions about where future profit growth will come from. JP Morgan shares climbed slightly in premarket trading after the second-largest U.S. bank by assets reported third-quarter net income of $4.4 billion, or [...]
Bank of America Corp. says its online banking service was down for about four hours but service has been restored.After that an hour bank of america online website is down again .Why bank of america didn’t announce for downtime maintenance to their customer.
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Bank of America Corp., the largest U.S. bank by assets, said it wrongly classified as much as $10.7 billion of short-term repurchase and lending transactions as sales from 2007 to 2009 to reduce its end-of-quarter assets. Bank of America said the inaccuracies aren’t material and “don’t stem from any intentional misstatement of the Corporation’s financial [...]