Bank of America (NYSE:BAC) is allocating a ~$1B restricted stock pool across most of its workforce, an incentive aimed to retain talent, boost profitability and contain expenses, according to a Friday media report.

Bank of America stock is trading lower Wednesday after the financial firm reported earnings but Wall Street isn't worried. Here's why.

Brian Moynihan, chief executive officer of Bank of America Corp., during a Television interview in Versailles, France, on Monday, May 13, 2024. Bank of America is expected to benefit from a boost in investment banking and trading activity in the fourth quarter.

Subscribe to TheStreet's free daily newsletter💰💸 Bank of America analysts revealed that although the U.S. software market grew 59% in 2023 and 23% in 2024, development projections still run below historical averages.

Bank of America (BAC) announced better-than-expected fourth-quarter results, with profit doubling from a year ago

Bank of America Corp (NYSE:BAC) reported a fourth-quarter fiscal 2024 net income of $6.7 billion (versus $3.1 billion a year ago) and EPS of $0.82, beating the analyst consensus estimate of $0.77. Revenue,