- Bank of America reports first-quarter earnings per share of $0.03, valuation adjusted $0.28
- Revenue decreased 10.3% from the previous quarter, to $22.5 billion
- Analysts were expecting EPS of $0.12 on revenues of $22.51 billion
Investors are on the lookout for a Fed slip up or a bond market bubble.
Warren Buffett's Berkshire Hathaway new $520.7 million position sent shares of Synchrony higher over 4.4% during afternoon trading on Tuesday.
Investment banks' biggest revenue driver is continuing a nosedive into September.
It's been below zero for 78 straight days.
Analyst Mike Mayo stays bullish on banks.