Wells Fargo stock drops on analyst downgrades after earnings
By Senad Karaahmetovic Shares of Wells Fargo (NYSE:WFC) are moving lower in pre-market Tuesday after analysts slashed their rating on the banking giant following “tough” Q422...
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Bank of America Corp BDR News & Analysis
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BofA Sees Economic Slowdown Hurting Lending Income
(Bloomberg) -- Bank of America Corp (NYSE:BAC). said net interest income will be lower than analysts had expected this year as demand for loans starts to slow.The second-largest US bank...
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U.S. stocks fall as big banks kick off earnings season
By Liz Moyer Investing.com -- U.S. stocks were lower after bank executives talked about a slowing economy. At 10:21 ET (15.21 GMT), the Dow Jones Industrial Average was down 21 points or...
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Bank stocks slip as investment banking revenues decline; JPM's Dimon warns of headwinds
By Senad Karaahmetovic The Q4 earnings season has officially kicked off today with the Big Four banks reporting on their performance in the last quarter of 2022. JPMorgan (NYSE:JPM)...
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Dow futures fall 65 pts; bank quarterly earnings in focus
By Peter Nurse Investing.com -- U.S. stocks are seen opening marginally lower Friday, consolidating after recent gains as investors gear up for quarterly results from some of the...
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Bank of America Tops Q4 EPS by 6c, Revenue Beats
Bank of America (BAC) reported Q4 EPS of $0.85, $0.06 better than the analyst estimate of $0.79. Revenue for the quarter came in at $24.5 billion versus the consensus estimate of $24.32...
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Bank of America earnings beat by $0.06, revenue topped estimates
Investing.com - Bank of America (NYSE:BAC) (NYSE: BAC) reported fourth quarter EPS of $0.85, $0.06 better than the analyst estimate of $0.79. Revenue for the quarter came in at $24.5B versus...
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Consumer sentiment, United Health, big bank earnings: 3 things to watch
By Liz Moyer Investing.com -- Stocks rose after December's inflation report showed prices cooling in line with expectations and all but solidifying the view that the Federal Reserve will...
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U.S. stocks rise after December report showed cooling inflation
By Liz Moyer Investing.com -- U.S. stocks were rising after data showed inflation moderated in December. At 10:24 ET (15:24 GMT), the Dow Jones Industrial Average was up 101 points or 0.3%,...
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Stock market today: Dow ends higher amid bets inflation cooled further in December
By Yasin Ebrahim Investing.com -- The Dow racked up gains Wednesday, as investors increased bullish bets on stocks on optimism that data due Thursday will show a further slowdown in...
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U.S. stocks are rising as investors await key inflation report
By Liz Moyer Investing.com -- U.S. stocks were rising on Wednesday as investors awaited the latest reading on inflation. At 10:23 ET (15:23 GMT), the Dow Jones Industrial Average was up 88...
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Dow futures tick higher, CPI in focus
By Oliver Gray Investing.com - U.S. stock futures lifted slightly during Sunday’s overnight deals, after major benchmark averages posted weekly advances as fresh hourly earnings data and a...
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Top 5 things to watch in markets in the week ahead
By Noreen Burke Investing.com -- U.S. inflation figures and the start of corporate earnings season will be the main highlights of an otherwise quiet week on the economic calendar. Inflation...
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Bank stocks 'seem likely to set new lows' - Deutsche Bank
By Sam Boughedda Deutsche Bank analysts downgraded shares of Bank of America (NYSE:BAC), JPMorgan (NYSE:JPM), and Truist Financial Corp. (NYSE:TFC) to Hold from Buy in a note Friday,...
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Banking group's resilience will win out - Oppenheimer
By Sam Boughedda Oppenheimer analysts cut the firm's price target on banking stocks such as Goldman Sachs (NYSE:GS), Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), JPMorgan...
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Vanguard Quits Net-Zero Group, Marking Biggest Defection Yet
(Bloomberg) -- Vanguard Group Inc. is walking out of the world’s largest climate-finance alliance, marking the coalition’s biggest defection to date as US Republicans step up their threats...
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BofA Slows Hiring as Fewer Workers Leave Bank, Moynihan Says
(Bloomberg) -- Bank of America Corp (NYSE:BAC). is slowing hiring as fewer employees leave in an attempt to manage the company’s headcount ahead of a possible US recession, Chief Executive...
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JPMorgan, BofA and Citi to cut banker bonuses - Bloomberg
By Sam Boughedda JPMorgan (NYSE:JPM), Citigroup (NYSE:C), and Bank of America (NYSE:BAC) are considering plans to cut banker bonuses by up to 30%, according to a report by Bloomberg on...
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Biggest Wall Street Banks Are Slashing Bonuses by as Much as 30%
(Bloomberg) -- Across Wall Street, this year’s bleak expectations for banker bonuses are rapidly proving true, as a slump in dealmaking ends the industry’s war for talent and firms regain...
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Looming S&P 500 Bear Case Sees 15% Drop on Fed Balance-Sheet Unwind
(Bloomberg) -- Bulls getting comfortable with Federal Reserve rate-hike policy have another threat to contend with, one that a team at Morgan Stanley (NYSE:MS) says has the potential to...
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$2.8b acquisition of Tom Ford is a 'huge positive' for Estée Lauder - analyst
By Senad Karaahmetovic Yesterday, Estée Lauder (NYSE:EL) announced a "transformative deal" to acquire Tom Ford for $2.8 billion. The company will pay about $2.3B, in addition to $300M in...
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Bank of America stock downgraded to neutral at Citi
By Senad Karaahmetovic Citi analysts downgraded Bank of America (NYSE:BAC) stock to Neutral from Buy with an unchanged price target of $40 per share. The analysts see downside risk to net...
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Fed’s Low Political Profile at Risk With Job Losses Set to Rise
(Bloomberg) -- The Federal Reserve is getting an early taste of the next two years as Democratic lawmakers warn it against pushing the US economy into recession via its massive interest-rate...
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Top 5 Things to Watch in Markets in the Week Ahead
By Noreen Burke Investing.com -- Earnings season is ramping up with the four biggest U.S. companies by market value among those set to report results in the coming week. The U.S. is to...
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US Commercial Bank Deposits Down Record $360 Billion Since April, a 'Disorderly Drop' - BofA
By Senad Karaahmetovic Both equities and cash attracted large inflows in the week to October 19, according to Bank of America (NYSE:BAC)'s strategists, citing EPFR Global data. Inflows to...
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Dow Futures Rise 345 Pts; Hopes for Upbeat Corporate Earnings
By Peter Nurse Investing.com -- U.S. stocks are seen opening firmly higher Tuesday, continuing the previous session's strong gains amid hopes upbeat corporate earnings would help lift the...
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Dow Futures Lift as Solid Earnings Boost Sentiment
By Oliver Gray Investing.com - U.S stock futures were trading higher during Monday’s evening deals, after major benchmark indices rallied during regular trade as solid earnings results from...
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Stock Market Today: Dow in Rally Mode as Bullish Banks Jump as Earnings Heat Up
By Yasin Ebrahim Investing.com -- The Dow racked up gains Monday, as a wave of mostly better-than-expected quarterly results from major Wall Street banks lifted sentiment on stocks. The Dow...
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Johnson & Johnson, Netflix, Goldman Sachs Earnings: 3 Things to Watch
By Liz Moyer Investing.com -- Stocks surged on Monday, putting last week's downturn in the rearview mirror as strong earnings from Bank of America (NYSE:BAC) and other financial companies...
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S&P 500 Jumps as Positive Earnings Wave Boosts Sentiment
By Yasin Ebrahim Investing.com -- The S&P 500 rallied Monday, as a wave of mostly better-than-expected quarterly results from major Wall Street banks lifted sentiment on stocks. The S&P 500...
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Midday Movers: Roblox, Bank of America, Archaea Energy and More
By Liz Moyer Investing.com -- Stocks surged on Monday after Bank of America beat expectations and set a positive tone to start a busy week of earnings. Here are the midday movers for Oct....
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U.S. Stocks Surge After BofA Sets Upbeat Tone for Earnings
By Liz Moyer Investing.com -- U.S. stocks rose in early trading on Monday after Bank of America beat expectations on higher net interest income linked to rising interest rates. At 9:42 ET...
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Bank of America Pops on Earnings Beat, Results Seen as 'Solid'
By Senad Karaahmetovic Shares of Bank of America (NYSE:BAC) are up almost 3% in the pre-open market after the bank reported better-than-expected Q3 earnings. BAC {{erl-243||reported an EPS...
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Bank of America, Goldman Sachs, Splunk Rise Premarket; Fox Falls
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Monday, October 17th. Please refresh for updates. Bank of America (NYSE:BAC) stock rose 2.9% after the second-largest...
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Dow Futures Rise 325 Pts; Bank of America Tops Quarterly Estimates
By Peter Nurse Investing.com -- U.S. stocks are seen opening higher Monday, with the earnings season set to get fully underway against a backdrop of aggressive monetary tightening by the...
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Bank of America Tops Q3 EPS by 3c
Bank of America (BAC) reported Q3 EPS of $0.81, $0.03 better than the analyst estimate of $0.78. Revenue for the quarter came in at $24.5 billion versus the consensus estimate of $23.56...
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Bank of America Earnings, Revenue beat In Q3
Investing.com - Bank of America (NYSE:BAC) reported on Monday third quarter {{erl-243||earnings that beat analysts' forecasts and revenue that topped expectations. Bank of America...
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Last Week Yielded Third Largest Inflow in Stocks Since 2008 - Bank of America
By Senad Karaahmetovic While the S&P 500 trades sharply lower this week again, the benchmark U.S. stock market index attracted large inflows last week when it rallied 1.5% off recent...
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2 Bank Stocks Downgraded by Atlantic Equities Today
By Senad Karaahmetovic Atlantic Equities analysts downgraded two bank stocks today ahead of the Q3 earnings season that starts next week. The analysts cut ratings for Goldman Sachs (NYSE:GS)...
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Citigroup’s Fraser, JPMorgan’s Dimon Warn of Economic Risks as They Head to Capitol Hill
(Bloomberg) -- The CEOs of the biggest US consumer banks are set to warn lawmakers that Americans are struggling amid surging inflation, as they brace for tough questions about how they’re...
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Banks Push Ahead to Offload Risky LBO Debt Ahead of Fed Meeting
(Bloomberg) -- A group of banks led by Barclays (LON:BARC) Plc and Bank of America Corp (NYSE:BAC). are moving forward with risky leveraged buyout financings despite the volatility...
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Rampant Dollar Has Room to Run as Fed Gears Up for More Hikes
(Bloomberg) -- The ascendant dollar is wreaking havoc across foreign-exchange markets as traders brace for the Federal Reserve to continue hiking interest rates aggressively. Over the past...
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Stock Market’s Worst Month Gets Even More Dicey With Hawkish Fed
(Bloomberg) -- Wall Street is on edge as it heads into a dangerous final few months of 2022 with the Federal Reserve set to keep raising interest rates and the calendar flipping to...
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The Market Is Underestimating Fed Risk Even After Rout, Bank of America Says
(Bloomberg) -- A late-summer lull is nowhere to be seen in the stock market, with traders recalibrating their expectations after a blunt warning from the Federal Reserve chief in Jackson...
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