By John Stensholt and Nate Rattner May 31, 2022 7:00 am ET Wages for the median workers at the majority of big American companies are higher than they were before the pandemic, with the tight job mark...
Tag: bank of america
Is The Battered Stock Market Reaching Its Bottom?
Falling market getty The S&P 500 narrowly missed closing out last week in bear market territory—that would be 20% down from market peak, a high point attained after New Year’s. The tech-heavy Nasd...
Preferred Stocks Have Plunged This Year. But There Are Opportunities If You Know Where to Look.
The preferred-stock market has suffered one of its worst selloffs in decades as yields on leading bank preferred issues have risen to about 6% from 4%. But with yields now at their highest levels in f...
Warren Buffett Says Markets Have Become a ‘Gambling Parlor’
OMAHA, Neb.—As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying. That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshir...
Eugenie Curtil Becomes Bank of America’s FX Sales Head
Bank of America Merrill Lynch announced today that Bryant Park, head of global FX sales, is departing, according to an internal memo seen by Financial News. According to the media outlet, the bank has...
Bank of America’s Quarterly Net Income Hits $7.1 Billion
Bank of America released its financial results for the first quarter of 2022 today and reported better-than-expected earnings per share (EPS) of $0.80. Net income came in at $7.1 billion. Consumer ban...
Is the Stock Market Open Today? Here Are Hours for Easter Monday 2022.
Text size Dreamstime U.S. investors eager to trade after the holiday weekend will have plenty of news to digest, thanks to corporate earnings. More than 100 companies are slated to report this week—an...
Tesla, AT&T, Netflix, Bank of America, IBM, and Other Stocks to Watch This Week
Text size First-quarter earnings season picks up next week, with 67 S&P 500 companies scheduled to report. Bank of America will be Monday’s highlight, followed by Netflix , Johnson & Johnson ...
Commodities Are Hot Right Now. But the Party May Be Over.
Text size Prices for industrial commodities such as copper wire have taken off. Dreamstime Investors have piled into commodities, sending their prices soaring, but the good times may be more or less o...
Alibaba Stock Stake Slashed by Charlie Munger’s Daily Journal
Text size Charlie Munger attends the annual Berkshire shareholders meeting in Omaha in 2019. JOHANNES EISELE / AFP / Getty Images Daily Journal , which Charlie Munger had served as chairman until rece...
Bank Earnings Are Coming. One Stock Analysts Like—and Another They Say to Sell.
Text size Analysts say Bank of America is positioned to do well in the current economy. Stephen Chernin/Getty Images With bank earnings coming in a few weeks, Bank of America is looking like a winner ...
As Labor Unions Gain Public Esteem, The Second Largest Airline Union Purges Its Political Dissidents
The IAM has 300,000 active members including 60,000 airline workers and 27,000 Boeing workers. International Association of Machinists The second biggest airline union has continued to oust dissident ...
Here’s How Much More Big Banks Spent Last Quarter Amid Rising Inflation Pressures
Topline Morgan Stanley and Bank of America were the latest major banks to report solid earnings on Wednesday, though both firms reported a smaller increase in expenses than rivals like JPMorgan Chase ...
Bank of America Earnings Rise 28% and Top Forecasts. The Stock Is Rising.
Text size A Bank of America branch in New York. Victor J. Blue/Bloomberg Bank of America delivered strong fourth-quarter earnings Wednesday, bucking a trend seen across much of the sector this earning...
Is the Stock Market Open Today? These Are the Martin Luther King Jr. Day 2022 Hours.
Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images Investors looking for a brief respite from two weeks of volatile trading on Wall Street may get one on Mo...
Wells Fargo Stock Rises as Earnings Easily Top Estimates
Text size Wells Fargo bank David Paul Morris/Bloomberg Wells Fargo shares got a boost early Friday after the bank’s fourth-quarter earnings easily topped Wall Street’s expectations. Profits at the San...
Inflation, Interest-Rate Jitters, and Putin Are Brewing a Fierce Storm for the Stock Market
Text size A Ukrainian soldier in the Kharkiv region near the Russian border. Will Putin pull the trigger on an invasion? Sergey Bobok/AFP/Getty Images We were waist deep in the Big Muddy, and the big ...