Bank Of America

BofA sees Nifty at 29,000 in 2026 as earnings drive market returns

Bank of America has set a Nifty target of 29,000 for 2026, saying limited valuation upside means returns will hinge on earnings growth, with large-caps expected to outperform mid- and small-caps

RBI approves Vikram Sahu as CEO of Bank of America in India: Internal memo

Sahu will report to Jin Su, president of Asia Pacific, Bank of America

Leverage moderating across Adani Group firms, says Bank of America

The Adani Group, with a $200-billion market capitalisation, continues to enjoy global funding access and stable credit metrics despite market volatility and regulatory scrutiny, says BofA

We continue to invest heavily in India GPS business, says Winnie Chen

Winnie Chen says real-time domestic payments are shaping expectations for faster, seamless cross-border transfers and stablecoin adoption

Bank of America revamps leadership ranks with eye on succession race

Bank of America named Dean Athanasia and Jim DeMare as co-presidents reporting to CEO Brian Moynihan, while Alastair Borthwick adds executive VP title to his CFO role

Indian firms delay expansion plans amid demand, trade uncertainty: BofA

Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank's head of India corporate banking said

Pressure on US dollar may continue in near term: Bank of America's Jin Su

India is a fascinating growth story. It is one the world's fastest growing major economies globally, says Jin Su

India likely to see at least 30 GCCs with billion-dollar revenue this year

Data from Pune-based consultancy Wizmatic shows that there were about 24 GCCs with annual revenue of more than $1 billion in FY24; that number is expected to grow by five or six more such players

Bank of America's Q1 profit rises on trading boost; stock gains 1.9%

Rivals JPMorgan Chase and Goldman Sachs have also reported stronger performance from their trading businesses

Vikram Sahu to take over as Bank of America's India country executive

Sahu has over 25 years of experience and holds a bachelor's degree from St. Stephen's College, Delhi, and attained a master's degree in the US

Vikram Sahu to replace Kaku Nakhate as Bank of America's new India head

Global Equity Research Head Vikram Sahu is expected to lead Bank of America's India operations, relocate in second half of year

'No chance for remote flexibility': JPMorgan CEO junks hybrid work requests

JPMorgan's leadership is pushing for increased efficiency, with Jamie Dimon instructing departments to achieve 10% productivity improvements

India's consumption pivot to hurt smaller stocks, says Bank of America

This segment, dominated by infrastructure-related firms, beat the broader stock market handily in the past two years

BofA Q4 profit jumps on trading boost, sees higher 2025 interest income

The earnings mirror those of rivals across Wall Street including JPMorgan, Goldman Sachs, Wells Fargo , and Citigroup, whose results were buoyed by stronger equity markets

Citigroup, BofA join US lenders in exiting Net-Zero Banking Alliance

They follow Wells Fargo and Goldman Sachs, which both left the alliance earlier this month

HomeStreet Bank offloads $990 mn multifamily loans to BofA in profit push

The deal marks a major milestone for HomeStreet as it maps out a path to profitability after four consecutive quarters of adjusted losses

'India a strategic priority for global banks': Foreign bank heads at BFSI

Heads of India's leading foreign banks discuss the key to success on Indian turf in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

Bankrupt Tupperware cancels market auction, agrees to lender takeover

The lenders now poised to acquire Tupperware include Alden Global Capital, Stonehill Institutional Partners and a trading desk of Bank of America

BofA Q3 profit beats expectation on investment banking, trading strength

BofA's investment banking fees jumped 18 per cent to $1.4 billion, compared with a year earlier, bolstered by a rebound in activity in recent months

JPMorgan to cap junior banker hours, BofA monitors workload amid complaints

JPMorgan Chase & Co. will limit junior banker hours to 80 per week in most cases, according to a person with knowledge of the matter