|Day Low/High||31.77 / 32.34|
|52 Wk Low/High||22.07 / 32.67|
Bank of America Merrill Lynch Community Development Banking (CDB) had a record-setting year in 2017, providing $4.
'Blame it on the Game' VIP event to raise the profile of contactless payments
Both banks should hold up well if price pressures continue to heat up.
Increased volatility has made investors more anxious, says a survey.
Last week's market drop rattled investors with concerns about rising inflation and interest rates. Yet with the economy progressing at a slower pace than in past cycles, there's plenty of time left to profit from bank stocks like JPMorgan, Bank of America and Citigroup, typically among the biggest beneficiaries of economic growth, argues Sandler O'Neill.
All three indices were trading above 1% Monday. Here are several stories that caught TheStreet's attention.
Both should hold up well if inflation heats up.
U.S. stock futures point to sharp gains for Wall Street on Monday, as global shares rebound from their worst week in two years.
The CEO's raise comes as the bank has reaped increasing lending revenue from Federal Reserve interest-rate hikes while opting not to pass along the higher rates to savers with deposit accounts. His pay was roughly 152 times that of the average worker at Bank of America, who saw pay held roughly flat at $151,125 in 2017.
Some of the recent money that just piled into equities in January has already headed for the exits.
Contactless payment instrument to be funded with value exchanged from cryptocurrency
What is the strike price, and/or what the expiration date might be on such plunge protection?
Our risk point could come into play today for Bank of America.
Maybe inverse and/or leveraged positions are perverse in nature.
Bitcoin was in danger of falling below $7,000 Monday.
Like the Dow Jones industrial average, retail indices are not looking hot this week.
Average wages grew 2.9% from last year, according to the January non-farm payroll report, the fastest pace since 2009, igniting further concerns about faster inflation in the world's biggest economy.
No promise you'll reach Buffett's massive $79 billion net worth, but here's to trying. Try these top investing tips on for size.
The Federal Reserve has raised interest rates over the past two years, but the biggest Wall Street banks are holding the line on the rates they pay depositors. As a result the banks have kept the extra income for themselves, benefiting executives, employees and shareholders at the expense of retirees and other ordinary savers.
Home Depot is the latest company to pay its employees a bonus following passage of the new U.S. tax bill.
JPMorgan and rivals in the banking industry are drooling over the billions of dollars they'll save on taxes this year. But whereas rivals like Bank of America and Citigroup want to give a lot of the money back to shareholders, JPMorgan's CEO wants to spend the bank's extra cash or use it to make new loans.
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