Company
NYSE:BAC
Bank of America Corp is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 68 million consumer and small business clients with approximately 3,900 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 57 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.
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US stocks’ honeymoon record highs of the past week faded by midsession on Tuesday as the bellwether S&P 500 index, weighed down by a precarious earnings season, failed even momentarily to raise its head above the previous closing levels
US stocks closed firm on Monday, with the bellwether S&P 500 marking a fresh record high, after Bank of America earnings buoyed the market
US stocks rose on Monday, after opening with a mild nosebleed, struggling for direction as investors analysed the turmoil of Turkey’s failed coup and with the second quarter earnings season continuing to pick up pace from last week’s launch
Asset managers had begun a “slow detachment” from London after the referendum, the FT reported
Thursday was a good day to be a bank in the United States, so long as you were a US bank in the United States. The sector dominated the top tickers on Wall Street after the Federal Reserve's stress tests approved the capital plans for 31 of
Wall Street’s top ticker held the 2,000 level – just – but smaller caps were punished as the rout following the UK’s decision to quit the European Union continued to find casualties on Monday
US stocks clung to the 2000 level at midsession on Monday, after earlier dipping below that level for the first time since March, as north American investors continued to absorb the shock news of the UK’s decision to quit the European Union
US shares ended in the red on Friday after an oil price slide and a published opinion poll suggested the UK might be edging towards leaving the European Union in a referendum on June 23
US shares were lower at midsession on Friday, taking their cue from weaker oil prices, while investors sought safer haven in debt
The oil price has slipped back below $50 a barrel.
The oil price has slipped back below $50 a barrel.
Investors are exiting equities and switching to gold and US treasuries.
It was not a great day for US financials as two venerable institutions who share in the history of Merrill Lynch reported downbeat first-quarter earnings
The oil price (WTI) had its best day in seven years
Bank stocks, fears for growth and subdued rates, and new oil price nadirs helped push Wall Street indices south on Thursday.
On a day US banks would prefer to forget, shares of Morgan Stanley sink by more than 6% after it agrees to pay US$3.2bn to settle charges it misled investors in residential MBS during the financial crisis
U.S. struggled on Tuesday as WTI oil delved deeper into the sub-$30 territory.
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Mixed reaction to the trading updates from the banking giants
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A profit warning from the world's largest retailer put the skids under stocks
With the burden of legal expenses significantly reduced, the bank returned to the black in a difficult quarter for banks
