Brian Moynihan

Bank of America (NYSE: BAC) shares are getting crushed yet again on Monday, after China Construction Bank Corp. said that BAC will retain at least half of its stake in the company. Some investors had been hoping that BAC would divest its entire 10% stake in China Construction in order to raise...

No one ever said making money in the market was easy. Sometimes the most profitable trades are the ones where you have to hold your nose when you buy. Recent action in the market has been eerily similar to the financial meltdown in 2008 and 2009, with the big banks being at the epicenter of the...

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports amid rumors that Bank of America CEO Brian Moynihan “is under tremendous pressure to turn the stock around or he will have to go” Moynihan's publicist said “talk of Moynihan's departure is ‘dopey'.” Excerpts from the report...

This afternoon, Bank of America (NYSE: BAC) CEO Brian Moynihan told CNBC that when it comes to the challenge of raising capital, "What we've been doing is generating earnings, continuing to reposition the balance sheet by selling off non-core businesses." When asked about its venture in China,...

If at first you don't succeed, repeat yourself. During an interview with CNBC this afternoon, Bank of America (NYSE: BAC) CEO Brian Moynihan made it clear that the company is going to "keep doing what we've been doing for the last 18 months." Moynihan, who insisted that Bank of America has a "...

Banking stocks are climbing higher early during the Wednesday trading session, after Bank of America Corporation (NYSE: BAC) announced an $8.5 billion settlement with investors who had purchased mortgage backed securities originated by Bank of America Corporation's Countrywide Financial business...

Brian Moynihan, CEO of Bank of America Corporation (NYSE: BAC), spoke to CNBC this afternoon about the possibility of a dividend in 2011. Though nothing has been finalized yet, Moynihan said that the dividend would not occur until the second half of the year. And if the company does announce a...

Bank of America (NYSE: BAC) CEO Brian Moynihan has purchased 30,000 shares of common stock in the company according to a regulatory filing. Mr. Moynihan paid about $13.02 a share in three separate transactions for a total of roughly $390,000. With Bank of America shares trading at a 52-week low, Mr...

Bloomberg reports that chief execs of some of the biggest banks in the world met at Davos on the sidelines of the ongoing World Economic Forum. The objective was to find ways to respond to the challenges posed by governments and regulators. Some of these bank leaders included Brian Moynihan of...

Bank of America (NYSE: BAC) recently appointed Brian T Moynihan as its CEO, replacing Kenenth D Lewis. But Bloomberg reports that the appointment took three months and a number of interviews of probable candidates, and is an indication that the largest US Bank did not have a succession plan in...

Bank of America Corp. (NYSE: BAC) Chief Executive Officer Brian Moynihan named finance chief Joe Price to head consumer banking, the biggest unit at the largest U.S. lender, seeking to curb losses in a $70 billion credit-card portfolio. Price will be president of the consumer, small-business and...

According to the Wall Street Journal, a year after its controversial takeover of Merrill Lynch, Bank of America Corporation (NYSE: BAC) is discussing settling a troublesome state inquiry into the star-crossed deal and the billions of dollars in bonuses that Merrill hurriedly paid its employees. As...

Investors in financial institutions have seen their shares turn a cropper in the last year. However, these stocks may well return to favor. A recent report by FBR Capital Markets has rated numerous financial institutions as Outperform. Bank Of America Corporation (NYSE: BAC), emerging out of TARP...

According to the Wall Street Journal, one of the problems Bank of America Corp.'s (NYSE: BAC) new CEO will face is dealing with the bank's credit-card business. Bank of America is the second-largest U.S. card issuer after JPMorgan Chase & Co. (NYSE: JPM) and the card division accounted for 23...