Key facts: BofA clears Fed stress test; SEC $7.5M; MS $67 target

Bank of America (BAC) passed the Fed’s June 24 stress test. Fed scenario projects BAC among five big banks facing part of ~$30B losses on ~$3T market‑exposed assets under severe re

Bank of America (BAC) passed the Fed’s June 24 stress test. Fed scenario projects BAC among five big banks facing part of ~$30B losses on ~$3T market‑exposed assets under severe recession.
Bank of America (BAC) faces a $7.5M SEC settlement: Merrill Lynch missed filing multiple SARs Apr 2020–Sep 2024 due to alert aggregation and a high review threshold; firm later filed additional SARs.
Morgan Stanley raised Bank of America (BAC) price target to $67 from $61 per share; no other earnings, guidance, deals or regulatory items were reported.
Bank of America (BAC) named Srijith Nair to lead FIG coverage for Asia ex-China/Japan and head Asia Pacific insurance client coverage. He'll be based in Singapore and start late September.