Bank of America agreed to a $2.25 million settlement over a class-action lawsuit alleging it overcharged customers with double ATM fees at 7-Eleven locations between 2018 and 2021. The bank denied wrongdoing but chose to settle to avoid a lengthy court battle. Customers who used these ATMs and were charged extra fees may receive compensation, with payouts divided equally among qualifying account holders. The settlement awaits final court approval, with claim deadlines set for July and a hearing in August.
The Vanguard Short-Term Corporate Bond Index ETF (VCSH) yields about 4.42%, significantly higher than typical 1-year CDs which offer around 1.5%-2.0%, with top CDs reaching 4.0%. While CDs provide FDIC insurance and guaranteed income, VCSH carries ri...
CFRA downgraded Bank of America stock to Hold, aligning with a similar downgrade of Citigroup, reflecting a cautious stance on large banks rather than specific company issues. The move highlights concerns about stretched valuations, potential decline...
A 2026 Bank of America survey reveals nearly 70% of Gen Z have taken steps to manage rising costs, including cutting dining out and picking up side hustles. Nearly half cite the high cost of living as a major barrier to financial success, with many l...
The Virtus InfraCap U.S. Preferred Stock ETF (PFFA) offers a 9.5% yield and recently raised its monthly payout for 2026, continuing seven years of steady distributions. The fund's performance heavily depends on Federal Reserve rate cuts in 2026, whic...
Bank of America has reinstated coverage of ServiceNow with a Buy rating and set a price target of $130, highlighting the company's strong position as an AI beneficiary in enterprise workflow software. Despite a 36% drop in ServiceNow's stock year-to-...
