Bank of America CEO Brain Moynihan believes it is the right time to introduce changes to the Volcker rule of the Dodd-Frank Act. Moynihan was speaking with Handelsblatt Global , a German language business newspaper published in Dusseldorf.
Category: Bank of America
How to Trade Wednesday’s Most Active Stocks – Bank of America, Best Buy, Lowe’s and More
Put down the 10-K filings and the stock screeners. It’s time to take a break from the traditional methods of generating investment ideas.
BofA Boosts CEO Moynihan’s Pay 25% as Citigroup Pares Corbat’s
Bank of America Corp. awarded Chief Executive Officer Brian T. Moynihan $20 million for his work last year, raising his compensation 25 percent, while Citigroup Inc. cut CEO Mike Corbat’s by 6.1 percent to $15.5 million. Moynihan received $18.5 million in stock grants for 2016, according to a regulatory filing Friday, up from the $14.5 million he received for 2015.
Bank of America Begins Its Next Powerful Move Higher
Bank of America is breaking out of a 10-week consolidation Tuesday. The stock is up just shy of 3% and is beginning to put some distance on a very heavy resistance zone near $23.50.
Stocks Lower Amid U.S. Political Uncertainty
Stock were buoyed last week by a strong U.S. jobs report but on Monday uncertainty over potential policy moves from Donald Trump weighed on Wall Street. The Dow Jones Industrial Average fell 0.23% to trade at 20,027.
Allergan, Apple. Citigroup: Doug Kass’ Views
Doug Kass shares his views every day on RealMoneyPro. Click here for a real-time look at his insights and musings.
BofA’s Merrill to Tell Clients How They’re Paying Their Brokers
Bank of America Corp., which has said it will stop offering commission-based retirement accounts as it prepares for new regulations, also plans to more clearly disclose fees that clients pay to the firm’s 14,000 financial advisers. The Merrill Lynch business will break out fees for asset management services and products including mutual funds, alternative investments and commodities when it mails January account statements later this week.
BofA Management Admits It Can’t Turn a Profit on Invested Capital
Chief Executive Brian Moynihan has only produced a 6.7% return on shareholder’s equity since taking over in 2010 and thus is returning capital through stock buybacks Brian Moynihan has been chief executive of Bank of America for seven years, and when he took the helm in 2019, return on shareholder equity wasn’t positive. Last year, stock buybacks amounted to $5.1 billion.
Why Investors Should Be Happy With Bank of America’s Q4 Earnings
Bank of America still has a lot of ground to make up, but its latest earnings report confirms it’s on the right track. Image source: iStock/Thinkstock.
Bank Earnings Boost S&P and Nasdaq, Retailers Weigh on Dow
The S&P 500 and Nasdaq were higher in late morning trading on Friday as strong earnings from large U.S. lenders bode well for the rest of the earnings season. The Dow’s gains were comparatively lesser, held back by a drop in consumer stocks after a report showed U.S. retail sales and core retail sales increased less than expected in December.
Bank of America tops 4Q profit forecasts
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
Bank of America Kicks Off Bank Earnings With a Profit Beat
Bank of America said its fourth-quarter profit rose 43% as its trading desk benefited from the uncertainty caused by Donald Trump’s surprise election. Quarterly profit at the Charlotte, N.C.-based bank grew to $4.7 billion, from $3.28 billion a year earlier.
Futures Rise on Hopes of Higher Earnings; Asia Mixed
Futures for U.S. markets are higher ahead of earnings season while Asia continues to feel the hangover from the Trump press conference. Futures for U.S. markets pointed higher late Thursday as investors await info on holiday retail sales and the first full day of earnings as a raft of industrial shares trot out their fourth-quarter performance.
A Nasdaq Record Abruptly Ended on Thursday
A selloff in financials and tech stocks on Thursday dragged Wall Street lower and put an end to a record-breaking streak for the Nasdaq. The Nasdaq fell 0.29%, backing away from a run that saw the index close at records for five consecutive trading days.
3 ETFs to Buy If You Think Bank of America Beats Q4 Earnings
Bank of America is set to benefit as the Federal Reserve continues to raise interest rates. Here are three ETFs that may benefit if investors like fourth-quarter results.
Stock Futures Decline Ahead of Friday’s Big Bank Earnings
S&P 500 futures were down 0.3%, Dow Jones Industrial Average futures fell 0.2%, and Nasdaq futures declined 0.3%. A number of big banks including JPMorgan , Bank of America and Wells Fargo will release quarterly performances on Friday morning, heralding the kickoff to the fourth-quarter reporting season.
Bank of Americas Biggest Wildcard for 4Q Earnings
In fact, that’s only half its identity; it’s also an investment bank with a sizable presence on Wall Street. Being a so-called universal bank is good for Bank of America because it diversifies its revenue streams.
Week Ahead: Wall Street Welcomes Fourth-Quarter Earnings With the Big Banks
The fourth-quarter earnings season will kick off in the coming week with a number of high-profile companies reporting their performance over the last months of 2016. With a new year comes a look at the old.
BofA Said to Boost Bonuses for Bond Traders, Cut Equities
Bank of America Corp. is poised to boost bonuses for many of its bond traders and trim payouts for those handling stocks, people with knowledge of the matter said. The combined compensation pool will drop significantly, though fewer workers will divvy the rewards.
10 Ways Bank of America Has Changed in the Past Decade
Is it the same bank that it was going into the financial crisis ? Or is it something entirely different? And if it has changed, how would one go about quantifying the difference? Questions like these may seem easy to answer. But as soon as you start digging into the specifics, it quickly becomes clear how complicated it actually is.
Tracking Bank of America’s Uptrend Dips
I’ve been selectively adding exposure to financials, energy, and small-caps, as they’ve experienced explosive rallies since November. Despite the pullback, BAC has been on a tear.
S&P 500 Analyst Moves: BAC
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, Bank of America is now the #107 analyst pick, moving up by 29 spots. This rank is formed by averaging the analyst opinions for each component from each broker, and then ranking the 500 components by those average opinion values.
BofA’s Moynihan Says Businesses Are Friskier After Trump Victory
Bank of America Corp. doesn’t expect Donald Trump’s election to jolt the U.S. economy next year, but its corporate customers are enthusiastic and already seeking funds to expand, according to Chief Executive Officer Brian Moynihan. Mid-sized companies “are friskier, they’re more active,” Moynihan, 57, said in an interview with Bloomberg Television’s David Westin for broadcast Thursday.