#bank-of-america-cardholders

#bank-of-america-cardholders

Leading US banks are not just going digital; they are realizing that digital savings and loans alone do not ensure sustained engagement or profitability. These services must connect to the banks' core strengths: trust, scale, and long-term financial relationships.

Many upper-middle-classers don't even realize they've climbed into this tier. Randy Shilling, a 58-year-old chemical plant worker in Texas, saved more than $3 million for retirement. 'I view myself as an average Joe,' he told The Wall Street Journal. 'But when I want something, I go get it.'

The average American's FICO score is now down to 714 - a two point decline over the course of the last year, reflecting a troubling trend in credit health.

Global markets are getting overbought. It might be time to rotate Notably, global markets seem to be entering a period of historically "overbought" levels. With stocks across the globe running hot, well above their moving averages, while market sentiment skews a bit too greedy, and it certainly feels like a market correction is not only a long time coming, but a nice thing to have with all the froth that's built up after a sensational 2025.

There was a time when banks and fintechs competed mostly on bells and whistles: smoother apps, faster checkout, appealing rewards. But in the world of public markets and quarterly earnings, functionality gives way to fundamentals.

In a note to clients reviewed by Fortune, BofA strategists declared that "doubts around the AI revolution are emerging," with the market narrative rapidly shifting from an "upside-only" perspective to serious concerns that AI is a "double-edged sword". Chief among these new fears is the growing realization that AI might not universally boost corporate profits-it might actively destroy them. BofA highlighted several large "downside risks" that is, frankly, bumming out the AI trade.

He ordered Fannie Mae and Freddie Mac to use their balance sheets to buy $200 billion worth of mortgage bonds, aimed at putting downward pressure on mortgage rates that could entice new homebuyers. That news rippled through bond markets last week and lowered rates. Trump also said that credit card rates should be capped at 10% for one year, beginning next week - though it's unclear whether banks would honor that demand without legislation or regulations that force them to.

The Q4 miss masks underlying strength in American Express's premium customer strategy. The September 2025 Platinum Card refresh drove exceptional engagement, with management noting "some of the lower cost of acquisition for Platinum in the last 2 years" despite raising the annual fee to $325. Card fee revenue reached a record $10 billion in 2025 and is expected to accelerate in H2 2026 as renewals hit at higher price points.

Blue-chip dividend stocks delivered mixed returns last week as investors weighed earnings reports, dividend announcements, and shifting interest rate expectations. With 10-year Treasury yields declining to 4.09%, the relative appeal of dividend-paying equities improved, though performance varied significantly across sectors. Let's look at last week's winners in the dividend space ahead of the market opening today. Dow Futures are currently off about .2% in premarket trading,

Bank of America Corp. raised Chief Executive Officer Brian Moynihan's pay to $41 million for 2025, a year in which the second-largest US bank improved its profit but stock performance fell short of peers. The board granted Moynihan an unchanged base salary of $1.5 million and no cash bonus, "consistent with prior years," along with equity incentive awards totaling $39.5 million, according to a regulatory filing Friday.