|Day Low/High||26.71 / 28.07|
|52 Wk Low/High||22.66 / 31.91|
Bank of America beat analysts' earning expectations as the company benefited from a windfall from President Donald Trump's tax cuts and an unexpectedly strong performance from trading.
President Donald Trump's tax cuts delivered a windfall to big banks like JPMorgan, and he has slashed financial-industry regulations. Now he's making bank executives' lives complicated.
Global stocks edged lower Monday, although investors appeared reluctant to extend gains ahead of today's summit meeting in Helsinki between U.S. President Donald Trump and Russian President Vladimir Putin.
Amazon Prime Day is gearing up and defense firms are preparing for the Farnborough air show.
Earnings season kicks off truly with results from giant Netflix - Wall Street is on pins and needles for this one. Forget the Trump-Putin showdown.
U.S. stock futures turn mixed on Monday in cautious trading as the summit in Helsinki between Donald Trump and Russian President Vladimir Putin begins; Amazon's Prime Day begins at 3 p.m. ET; Goldman Sachs to formally name David Solomon as CEO, a report says.
Bank of America reported its second-quarter 2018 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways: This press release features multimedia.
A big week is on tap for corporate earnings. Are you really prepared? Probably not.
Citigroup's profit beat estimates, but investors focused on credit-card revenue that fell short of expectations.
There's a race on to develop the bank of the future, and Stifel Financial's Keefe, Bruyette & Woods unit is adding investment bankers to cash in on an expected flurry of mergers and stock offerings by financial-technology companies.
The Federal Reserve said last month that Goldman Sachs and Morgan Stanley tripped regulatory minimums in the annual "stress tests" but were still given a "conditional" passing mark, allowing them to continue with regular dividends and stock buybacks. Two Democratic senators want to know why.
Here's what you need to know now for Tuesday, July 10.
Goldman Sachs probably increased trading revenue in the second quarter by 23% from a year earlier, based on estimates from RBC, outpacing rivals as the Federal Reserve raised interest rates and trade-war anxieties grew. The revenue jump represents a turnaround from last year's worst-in-class performance by the once-standout Wall Street firm.
Banking stocks have nearly doubled the S&P 500's gains in the past two sessions.
From United Rentals to GE, they're still underpriced.
Jim discusses PepsiCo, our bank positions, Anadarko Petroleum, why we like Schlumberger, an upcoming bullpen name and more!
As previously announced, Bank of America will report its second-quarter 2018 financial results on Monday, July 16.
When everyone is waiting for a market selloff, it's time to look at the bigger picture.
Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: Series of Preferred Stock Dividend per Share or...
Federal Reserve Chairman Jerome Powell says it's not yet time to force Bank of America, Citigroup and other big financial firms to raise extra capital for use during an economic downturn. Yet some top officials, including Boston Fed President Eric Rosengren, say the time has come for banks to raise a "rainy-day fund."
Stocks ended slightly higher Friday, after giving up most of the day's gains in the final minutes of trading.
Banks stocks posted solid pre-market gains Friday after nearly all passed the second phase of Federal Reserve stress tests, potentially unleashing $80 billion in new capital returns to shareholders.
The Federal Reserve objected to plans by Deutsche Bank's U.S. subsidiary to make regular capital distributions to the parent company. Goldman Sachs and Morgan Stanley tripped regulatory minimums in the annual "stress tests" but were allowed to keep their planned shareholder payouts at the prior year's levels.
Bank of America Corporation announced today that it is submitting a redemption notice for all outstanding shares of its Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K (the Series K Preferred Stock) and the corresponding depositary shares...
Following completion of the Federal Reserve's 2018 Comprehensive Capital Analysis and Review, Bank of America today announced that the Federal Reserve did not object to the company's capital plan, which is estimated to return approximately $26 billion to...
Bank stocks could get a short-term boost from the Fed's financial report card later today as investors bet the central bank's stress tests will open the door to increased dividends and share buybacks.
There's important new information so let's check the charts and indicators again.
Financial success ought to come with some measure of freedom - to take risks, pursue passions, give back and make a bigger impact.
Business success typically is measured in financial terms, but more business owners lie awake at night worrying about people-related issues than about money, according to a new nationwide survey of business owners by U.
Starting this week, Merrill Lynch clients will be able to use their Merrill Lynch mobile app to scan and send paper documents to their financial advisors using the latest in a series of enhancements to the mobile app designed to make the financial lives...
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