
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...
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...
(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...
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...
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)...
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...
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...
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...
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...
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%,...
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...
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...
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...
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...
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,...
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...
(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...
(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...
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...
(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...
(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...
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...
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...
(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...
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...
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...
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...
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...
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...
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...
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...
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....
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...
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...
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...
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...
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...
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...
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...
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)...
(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...
(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...
(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...
(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...
(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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