Bank of America Beats Profit Forecasts, Revenue Misses Slightly

Bank of America (BAC) - Get Report  earnings came in line with expectations at 21 cents a share. Revenue fell just short of the $20 billion estimates. CEO Brian Moynihan says the consumer remains health. Blackrock missed revenue expectations but did increase its dividend by 5%. Regulators are coming down on blood testing firm Theranos. The Wall Street Journal says the government is threatening stiff sanctions against the company including closing down its flagship lab and barring its CEO Elizabeth Holmes from owning or operating its labs for 2 years. A report in the Wall Street Journal last fall questioned the validity of the company's promise of blood tests for the masses and it has since garnered intense scrutiny of its business from the government and Wall Street. Crude oil prices remain volatile as the weekend meeting in Doha nears. In the past week, both brent and WTI front month futures have held above $40 a barrel. The SEC investor advisory committee discusses a mutual fund cost disclosure proposal. Federal Reserve Governor Jerome Powell appears before the Senate baking committee on the fixed income markets. Tonight, Democrat presidential candidates Hillary Clinton and Bernie Sanders debate ahead of New York's primary Tuesday.