News
High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Bank of America comfortably beat Wall Street's expectations. But does that make the stock a buy?
Bank of America’s CEO Brian Moynihan today: “Right now, we see very strong performance this quarter and we expect it to continue based on the market conditions. But the Iran war is anfractuous and we can't predict what will happen next in it, and that could affect the market's perception, IPOs, et cetera.
BAC stock hit a record high over $61 after its second-quarter revenue and earnings beat Wall Street estimates.
Mike Santomassimo, the bank’s CFO, attributed the positive credit trends to the U.S. economy and consumers remaining resilient even in the face of stickier-than-expected inflation. Santomassimo attributed that sturdiness to a relatively stable jobs environment. “We are not seeing cracks,” Santomassimo said on a call with reporters.
(Bloomberg) -- As artificial intelligence, war and the specter of inflation drive investors’ exuberance and worries, Wall Street’s traders have cracked the code to come out on top every single time.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkUS CPI Falls for the First Time Since 2020, Core Gauge FlatA Cocaine Bust in Spain Leads All
Bank of America Corp (NYSE:BAC) shares rose about 2% in premarket trading after the bank reported second-quarter 2026 results that exceeded Wall Street expectations, driven by growth in net interest income, investment banking, trading and wealth management. The bank reported earnings per...
Strong trading, rebounding dealmaking, and higher-rate expectations could support major U.S. bank earnings this quarter.
Bank stocks were rising Tuesday morning after the nation’s largest banks reported strong second-quarter earnings due to powerhouse results from investment banking units which have reaped the benefits of a surge in dealmaking activity. “We thought the 2Q earnings were going to be very good, but they turned out to be extraordinary,” Macrae Sykes, portfolio manager of the GABF ETF at Gabelli Funds, said in a statement. The KBW Bank Index was up 1.75%, while the benchmark S&P 500 index was up 0.28%.
Bank of America (NYSE:BAC) reported broad-based second-quarter growth, with management pointing to stronger net interest income, fee revenue, client activity and operating leverage across each of its business segments. CEO Brian Moynihan said the bank generated revenue of $31.6 billion, up 15% from
Bank of America and Wells Fargo both cited the strength of the U.S. economy as a key driver of their second-quarter results.
Big banks so far are reporting better-than-expected results for the second quarter: Citigroup: Profit rose 45%, with revenue up 14%. Goldman Sachs: Profit jumped 78%, and revenue surged 39%. JPMorgan: Profit soared 41%, with revenue up 28% (results were boosted by a big one-time gain on its Visa stake).
The story of the day looks like huge investment banking results across the biggest banks. JPMorgan Chase’s fees from investment banking, which includes advising companies and raising and selling debt and equity, rose 30%.
Bank trading desks are still booming – mostly thanks to stocks. Wall Street’s business of facilitating trades on behalf of clients has been fast-growing, and analysts were closely watching whether momentum would continue. Across the Street, fees from stock trades shot up, while fees related to bonds, commodities and other non-equity products also rose.
Stock Market Today: The Dow Jones index dropped Tuesday ahead of the June CPI inflation report. IBM stock plunged 23% on earnings.
The bank's equities trading revenue jumped 70% to $3.6 billion, a record, while investment banking fees climbed 50% from a year earlier
Investing.com -- Bank of America Corp (NYSE:BAC) shares are trading higher premarket on Tuesday after the company reported second-quarter earnings that exceeded analyst expectations.
(Bloomberg) -- Bank of America Corp.’s stock traders notched a record during the second quarter, benefiting from market volatility, while its investment bankers capitalized on a dealmaking resurgence. Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleDisney Exiting Streamin
JPMorgan stock wavered between narrow gains and losses in premarket trade after its results showed second-quarter profit shot up 41%, helped by a one-off gain from its investment in Visa. Wells Fargo shares ticked higher before the bell after its results showed profit increased 17% from a year earlier.
Bank of America said its profit jumped 27% from a year earlier in the second quarter. Net income came in at $9.07 billion. That amounted to $1.21 a share, above analyst estimates for $1.13 per share.
Bank of America reported second-quarter earnings that beat analysts' forecasts, with earnings per share coming in at $1.21 on revenue of $31.6 billion. Wall Street analysts had expected the bank to report earnings per share of $1.
In an unusual pileup, five of the biggest banks all report earnings on the same morning when usually they are a bit more spread out. We’ll be working in overdrive here for you. Here’s the schedule of what to expect (roughly): 6:45 A.
(Bloomberg) -- Global investors buying stocks aggressively should consider reducing exposure, according to Bank of America Corp.’s fund manager survey.Most Read from BloombergUS Hits Iran With Strikes, Blockade as Trump Plans Hormuz ChargeLindsey Graham, Senate Hawk Turned Trump Ally, Dies at 71Trump Embraces Australian Retirement System Backed by Larry FinkOpenAI Engineer’s ‘LOL’ Moment Set Stage for Legal Fight With AppleHormuz Route Open Despite Iran Declaration, Maritime Group SaysAsset allo
MILAN, July 14 () - Global investor sentiment has climbed to its strongest level since February, with fund managers growing more optimistic on the economic outlook, artificial intelligence-linked spending and the prospect of a dovish Federal Reserve, Bank of America's latest Global Fund Manager Survey showed. Cash allocations fell to an "uber-low" of 3.