26.62 -0.75 (-2.74%)
Pre-Market: 8:53AM EDT
|Bid||26.61 x 800|
|Ask||26.63 x 1800|
|Day's Range||27.31 - 28.35|
|52 Week Range||25.81 - 33.05|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||13.06|
|Earnings Date||Jan 16, 2019|
|Forward Dividend & Yield||0.60 (2.19%)|
|1y Target Est||34.68|
NEW YORK, NY / ACCESSWIRE / October 23, 2018 / Major U.S. equities finished lower Monday on a combination of rising interest rates and global growth concerns. Investors await a flood of corporate earnings ...
Montag opted to sidestep the forum after U.S. Treasury Secretary Steven Mnuchin withdrew his participation, the people said, declining to be identified as they aren’t authorized to discuss the subject. Bank of America declined to comment. The conference -- a brainchild of Saudi Crown Prince Mohammed bin Salman to showcase the kingdom’s investment opportunities -- has been marred by international outrage over the killing of government critic Jamal Khashoggi.
Bank of America Merrill Lynch’s equity and quant team say market signals from the ever-flattening yield curve are clear as day: stock markets are due to begin a new era of elevated price swings. “A flattening yield curve signaled a withdrawal of liquidity and over the last three cycles has preceded rising volatility by a few years,” the team, including Savita Subramanian, wrote in research this week. Bank of America’s call -- echoing others -- comes as investors scramble to judge whether the current turmoil in equity markets represents a blip or fundamental shift in regime.
A measure of realized 10-day swings for the Shanghai Composite Index has jumped to about 45 percent, the highest of 47 benchmarks tracked by Bloomberg in emerging and developed markets. Futures on the FTSE China A50 Index fell 0.7 percent at 9:03 a.m. in Singapore.
After nearly three years of rate increases from the Federal Reserve, customers are pulling billions of dollars out of accounts that don’t earn interest and putting their money into higher-yielding alternatives.
The big four banks have low direct exposure to a slowing Chinese economy, but the interconnectedness of the global economy means that the banks still face a lot of secondary risk.
Artesia is at the northwestern edge of what is known as the Permian Basin, named for the geologic period that came right before the Triassic and the Jurassic (which, as a childhood dinosaur fanatic, I find useful as context) and left a whole lot of marine organic matter across West Texas and southeastern New Mexico that spent the next 252 million years turning into oil and natural gas. Humans drilled the first successful oil well in the Texas part of the Permian in 1921, and the first big New Mexico strike came in 1928.
Investing.com - State Street reported third quarter earnings that missed analyst's expectations on Friday and revenue that fell short of forecasts.
Investing.com - SunTrust Banks (NYSE:STI) reported third quarter earnings that beat analyst's expectations on Friday and revenue that fell short of forecasts.
Investing.com - PayPal Holdings Inc reported third quarter earnings that missed analyst's expectations on Thursday and revenue that topped forecasts.
Investing.com - American Express (NYSE:AXP) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
Treasury Secretary Steven Mnuchin joins finance executives in dropping out of the conference. But BlackRock, Blackstone, and other financial firms still want to do business with the kingdom despite the risks.
The IPO’s top underwriters, which include Nomura Holdings Inc. and Goldman Sachs Group Inc., have given non-binding assurances while they finalize terms of the loan to the Vision Fund, the people said. Deutsche Bank AG, Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. were also among banks chosen to lead SoftBank’s wireless unit IPO, Bloomberg News reported last week.
Losses were in the "low-single digit millions" on the financing arranged by Bank of America, Societe Generale SA, Natixis SA and Goldman Sachs Group Inc. for the video technology services provider now called Triton, said one of the people, who asked not to be identified because they aren’t authorized to speak publicly. A loan to acquisition company Triton for Permira’s buyout of Cisco Systems Inc.’s video technology business priced last week on much worse terms for the borrower than what it was initially seeking, after taking months to sell.
Investing.com - Financials staged a rally heading into close, driving Wall Street off session lows, as bank stocks surged amid a slew of upbeat earnings and rising bond yields.
Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of p
Bank of America CEO Brian Moynihan said that the adoption of technology at the second-biggest U.S. lender has allowed him to cut 100,000 workers in less than a decade.
The company went from a peak of about 305,000 workers to 204,000 last quarter, said Bank of America CEO Brian Moynihan. The advent of the iPhone was a game changer for the adoption of digital banking, he said. Moynihan told CNBC he plans on running Bank of America for as long as possible.
Miami attorney Bruce Jacobs, representing a couple in a foreclosure case, had sought to get his allegations against Bank of America heard in court. The bank argued his claims were baseless. Judge Bronwyn Miller dismissed the attorney's claims over the bank's purge of 1.8 billion of bank records.
The nation's four biggest lenders and its two major investment banks posted mostly better than expected third quarter results, citing revenue from advising companies on deals, lending to consumers and businesses, and managing money. Many bank stock investors seem to be asking whether and when rising interest rates will choke off economic activity, and bank profits along with it. J.P. Morgan Chase CEO Jamie Dimon raised concerns Friday that rising interest rates and geopolitical flareups could derail U.S. economic growth, but added that is not the case at the moment.