Bank of America Stock News

Warren Buffett is one of the most famous investors in the world — and has been for decades. His reputation is well-deserved — the ‘Oracle of Omaha' has managed to outperform the markets in the long run — which is a rare feat indeed.

Five groups representing banks and businesses sued the Federal Reserve on Tuesday (Dec. 24), saying its current stress testing framework is “opaque” and violates the law. The complaint was filed by the American Bankers Association (ABA), the Bank Policy Institute, the U.S.

Trade groups representing the largest U.S. banks on Tuesday filed suit in federal court to force more transparency in the U.S. Federal Reserve's bank stress tests imposed after the 2008 global financial crisis, but the Fed has already proposed some changes to the annual process.

The methodology uses earnings yield, dividend yield, and 5-year dividend CAGR to score and rank 55 stocks across all 11 sectors. Stocks with no dividends are excluded, ensuring a focus on dividend growth, momentum, and value. The top stocks by sector are evaluated and then backtested in an equal weight format.

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday, claiming the banks failed to protect hundreds of thousands of consumers from rampant fraud on the popular payments network Zelle.

The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three of its owner banks — Bank of America, J.P. Morgan Chase and Wells Fargo — alleging that they failed to protect consumers from “widespread fraud” on the peer-to-peer payment network.

Financial regulators on Friday filed a lawsuit against JPMorgan Chase, Bank of America, Wells Fargo and Zelle's parent firm, accusing the companies of failing to protect consumers from “widespread fraud” on the payments platform.

KBW praises Citi's value, Goldman's revenue upside and Bank of America's expected net interest income growth.