Bank of America is sitting on the largest losses among the country’s biggest banks in a key portion of its bond portfolio. Bank of America (ticker: BAC), like other banks, invests in Treasury securiti...
Tag: bank of america
Jobs Report Offers Mixed Results And Fed Says Interest Could Go Higher Than Expected
Getty Images TL;DR This weeks jobs report offered up mixed results, with new payrolls of 311,000 beating expectations, at the same time as unemployment rose and wages stayed broadly flat Fed Chairman ...
Banking Selloff Goes Global After SVB Trouble. HSBC, BNP Paribas, UBS Tumble.
The selloff in the banking sector spread across the globe on Friday after SVB Financial Group said it was forced to unload assets at a loss following a decline in deposits. HSBC (ticker: HSBA.UK), Eur...
The S&P 500’s Rally Is in Question. It Doesn’t Mean Stocks Will Plunge.
Investors just don’t feel confident about stocks’ rally over the past few months, but the market could still hold up well this spring. The S&P 500 has risen about 15% since early October, when it ...
Money Markets Pay 4.5%. If You’re Getting Less on a Sweep Account, It’s Time for ‘Cash Sorting.’
“Schwab cash solutions fall under two categories,” says the company’s website. They sure do. Here are some questions that can help determine which is right for you: Do you like money? Do you prefer go...
What JPMorgan and Other Banking Giants Are Saying About a Possible Recession
America’s banking giants are looking into their economic crystal balls, and not all of them like what they see. JPMorgan , Bank of America , and other top U.S. banks recently offered economic outlooks...
JPMorgan Reports Earnings Friday. Here’s What to Expect.
JPMorgan Chase will be one of the first big banks to report fourth-quarter 2022 financial results on Friday, and Wall Street expects a mixed bag. Revenue at the bank is forecast to swell to $34.5 bill...
Citigroup Reports Earnings Friday. Here’s What Wall Street Expects.
Citigroup is in the midst of a yearslong turnaround. On Friday, Wall Street will see how successful the bank’s efforts have been. Like most of its peers, Citigroup (ticker: C) is expected to post a dr...
Bank of America Posts Earnings Friday. What Wall Street Expects.
Higher interest rates are expected to drive up Bank of America ‘s fourth-quarter revenue, even as the bank is projected to see a drop in profits. Bank of America (ticker: BAC) is forecast to post reve...
Wells Fargo Is Backing Out Of The Mortgage Market
(Photo by Robert Alexander/Getty Images) Getty Images Key takeaways Wells Fargo, the country’s third largest mortgage lender, is stepping back from the mortgage market. While not exiting it enti...
The Stock Market Had a Great Start to 2023. Earnings Season Could Be a Problem.
Text size This coming Friday marks the start of fourth-quarter earnings season, with Jamie Dimon’s JPMorgan Chase helping to kick off the festivities. Ting Shen/Bloomberg Investors got their Goldilock...
Investing In A Higher Interest Rate Environment
While Jerome H. Powell & Co. hiked the target for the Fed Funds rate yet again this week, the current benchmark lending rate of 4.5% is still below the average rate of 4.92% since 1971. And, despi...
The World Wants Israel’s Energy And Environmental Innovations
Israeli Climate Envoy Gideon Behar meets with President Juan Manuel Moreno Bonilla of Andalucia at … [+] COP27. Ken Silverstein About 10 minutes into my interview with Israel’s special envoy for...
What the Stock Market and the Midterm Elections Have Common.
Investing and politics go together about as well as mango chutney and burned hair, and we prefer to focus on the stocks and leave the pontificating about the state of the nation to the Beltway pundits...
Preferred Dividends Are Part Stock, Part Bond. How They Can Provide Income.
We won’t know for a while if the recent rally in bonds has legs. Yields tumbled Thursday, pushing up prices, after a relatively tame inflation reading, as investors bet that the Federal Reserve will e...
New York Fed, several big banks testing ‘regulated liability network’
The Federal Reserve Bank of New York is poised to unveil a proof-of-concept for “regulated liability networks” — an experiment around tracking and transmitting tokenized debt issued by an array of reg...
Berkshire Hathaway Cuts Stake in U.S. Bancorp By More Than Half
A new filing indicates that Berkshire Hathaway cut its stake in U.S. Bancorp by 56% to 52.5 million shares that are now worth $2.4 billion. In a form 13-G filing dated Thursday, Berkshire Hathaway (BR...
Dan Snyder Hires Bank Of America To Sell Washington Commanders
Whoever buys the Commanders gets the talented Terry McLaurin (No. 17). Mitchell Layton/Getty Images Dan Snyder has retained BofA Securities to sell the Washington Commanders, sources tell Forbes. Acco...
Another UK Prime Minister Resigns And Banks See Benefits As Earnings Season Kicks Off
Getty Images TL;DR UK Prime Minister Liz Truss has resigned amid economic turmoil created by her economic plan Earnings season has kicked off with the banks benefiting from higher interest rates The m...
Stock Market Poised For ‘Big Low’ And ‘Big Rally’ As Fund Managers Cash Out Over Financial Stability Concerns
Topline As signs of an economic slowdown grow, fund managers around the world are plowing into safe-haven assets like cash at near-record levels, suggesting to Bank of America analysts that the stock ...
Goldman Sachs Smashes Earnings Estimates. Are Bank Boom Times Back?
Key Takeaways Goldman Sachs has beat earnings forecast substantially with earnings per share hitting $8.25 against predictions of $7.51. They’re the latest bank to announce big earnings beats as risin...