Stock-Buyback Frenzy Will End After $2.5 Trillion Corporate Debt Binge

Stock-Buyback Frenzy Will End After $2.5 Trillion Corporate Debt Binge

Companies in the S&P 500 bought back a record $806 billion of their own shares last year. But the tactic - used by CEOs to juice their stock prices - may become less common as more companies confront the need to pay down debt, Bank of America analysts warn in a new note.

Citigroup, Like Goldman Sachs, Tries Internet to Bypass Bank-Branch Wars

Citigroup, Like Goldman Sachs, Tries Internet to Bypass Bank-Branch Wars

Citigroup's network of 689 bank branches in the U.S. and Canada looks paltry compared with JPMorgan Chase's 5,000-plus web and Bank of America's 4,353 locations. So the bank is using its online bank to lure new customers - with juicy yields on savings accounts.

Blackstone CEO Schwarzman Makes $573 Million in One Day as Shares Jump

Blackstone CEO Schwarzman Makes $573 Million in One Day as Shares Jump

Stephen Schwarzman, founder and CEO of the giant U.S. private-equity firm Blackstone, was already one of the world's richest men. But after an announcement that the partnership will convert to a stock corporation sparked the biggest one-day rally in its publicly traded units, Schwarzman is immediately $573 million richer on paper.

Zuckerberg May Face Sanctions for Facebook Data Breaches: Report

Zuckerberg May Face Sanctions for Facebook Data Breaches: Report

Federal regulators have been investigating Facebok for more than a year in connection with the Cambridge Analytica scandal.

IPO Investors Should Take Note of Pinterest's Dual Class Share Structure

IPO Investors Should Take Note of Pinterest's Dual Class Share Structure

Pinterest isn't exactly bringing the power to the people.

Blackstone Shares Jump on Plan to Convert Partnership Units Into Stock

Blackstone Shares Jump on Plan to Convert Partnership Units Into Stock

The private-equity firm says the conversion will allow investors to buy its shares without creating the need for a Schedule K-1, an Internal Revenue Service tax form that's used to report earnings from partnerships.

Morgan Stanley Profit Falls 9% Amid Trading Slump but Beats Estimates

Morgan Stanley Profit Falls 9% Amid Trading Slump but Beats Estimates

Morgan Stanley says first-quarter profit falls 9% from a year earlier as revenue tumbles in the New York-based investment bank's trading business. But the results still exceed the expectations of Wall Street analysts.

BlackRock's ETF Dominance Enriches Investors as Mutual Funds Suffer

BlackRock's ETF Dominance Enriches Investors as Mutual Funds Suffer

BlackRock continues to steal market share from mutual-fund competitors with its suite of exchange-traded funds. Analysts say investors' increasing preference for ETFs shows no sign of abating. But because of the low fees charged by ETFs, profit margins are shrinking.

Bank of America Shares Tumble on Forecast for Lower Lending Income

Bank of America Shares Tumble on Forecast for Lower Lending Income

Bank of America says that lending income would grow just 3% this year, down from about 6% in 2018, as the economy slows and the Federal Reserve halts its three-year campaign to boost official U.S. interest rates.

Bank of America Profit Beats Estimates After Cost Cuts

Bank of America Profit Beats Estimates After Cost Cuts

Bank of America's first-quarter revenue didn't grow from a year earlier, but the bank led by CEO Brian Moynihan cut costs by 4%, helping to push earnings per share to 70 cents. That level beat analysts' average estimate of 66 cents.