News
BML-PRJ
22.34
-0.93%
-0.21
BUZZ-Bank of America edges up after profit beats estimates
Bank of America's BAC.N shares up 0.4% at $36.10 premarket. Excluding one-off items, bank's first quarter profit beats estimates. BofA's investment banking fees jumped 35% to $1.6 billion in first quarter.
Reuters · 5h ago
BOFA CFO SAYS CREDIT COSTS ARE NORMALIZING
Reuters · 5h ago
US STOCKS-Dow futures up on UnitedHealth boost; bond yields, Mideast tensions weigh
Dow futures up on UnitedHealth boost; bond yields, Mideast tensions weigh. UnitedHealth gains on Q1 profit beat Fed Chair Jerome Powell to speak at 1:15 p.m. ET. Financial firms also in the spotlight after strong results from Bank of New York Mellon. U.S. Bond yields rise amid heightened tensions in the Middle East.
Reuters · 5h ago
GLOBAL MARKETS-Stocks sag, dollar up as 'higher for longer' rate view takes root
Global stocks slide to two-month lows as MSCI All-World index hits lowest since February. Stronger-than-expected U.S. Retail sales reinforce view the Fed may rush to cut interest rates this year. Geopolitical tensions in the Middle East keep risk appetite in check. Data showed China's economy grew 5.3% in first quarter year-on-year.
Reuters · 5h ago
BANK OF AMERICA CFO SAYS LENDING REMAINS SLUGGISH
Reuters · 5h ago
CANADA STOCKS-TSX futures fall as commodities dip; investors eye key inflation data
TSX futures fall as commodities dip; investors eye key inflation data. June futures on the S&P/TSX index were down 0.7% at 6:43 a.m. ET. Investors wary ahead of a key domestic inflation reading and ongoing Middle East tensions. Energy shares could see another session of decline.
Reuters · 5h ago
BANK OF AMERICA SHARES EXTEND LOSSES PREMARKET, LAST DOWN 1.6% AFTER Q1 RESULTS
Reuters · 6h ago
UPDATE 3-BofA profit drops on rising provisions, but beats estimates as investment banking surges
BofA profit drops on rising provisions, but beats estimates as investment banking surges. Investment banking fees jumped 35% to $1.6 billion in the first quarter from a year earlier. Bank of America set aside more money to cover souring loans, but still beat estimates. Excluding one-off items, bank earned 83 cents a share in first quarter.
Reuters · 6h ago
UPDATE 2-Bank of America profit falls on lower customer interest payments
Bank of America's first-quarter profit falls on lower customer interest payments. The lender wrote off more loans, particularly for credit cards. BofA's interest income slid 3% to $14 billion in the first quarter. The second-largest U.S. Lender's investment banking and wealth management revenue rose.
Reuters · 6h ago
BANK OF AMERICA SHARES DOWN 0.4% PREMARKET AFTER Q1 RESULTS
Reuters · 6h ago
BANK OF AMERICA REPORTS FIRST-QUARTER 2024 FINANCIAL RESULTS
Reuters · 6h ago
BANK OF AMERICA CORP: QTRY ADJUSTED EARNINGS PER SHARE $0.83
Reuters · 6h ago
BANK OF AMERICA CORP <BAC.N> Q1 SHR VIEW $0.76, REV VIEW $25.46 BLN -- LSEG IBES DATA
Reuters · 6h ago
BANK OF AMERICA CORP- QTRLY VERAGE DEPOSIT BALANCES OF $1.91 TRILLION INCREASED $14 BILLION VS. Q1-23
Reuters · 6h ago
BANK OF AMERICA CORP - Q1-24 ADJUSTED NET INCOME OF $7.2 BILLION, ADJUSTED EPS OF $0.83
Reuters · 6h ago
UPDATE 2-Walmart-backed Ibotta looks to raise $551 mln in upsized US IPO
Walmart-backed Ibotta looks to raise $551 mln in upsized US IPO in the United States. The digital marketing company is backed by Walmart. The company is seeking a valuation of $2.55 billion. The stock offering is expected to be priced between $76 and $84 per share.
Reuters · 6h ago
US STOCKS-Futures ease as bond yields stay elevated amid Middle East tensions
U.S. Stock index futures edge lower on Tuesday. Wall Street closed sharply lower in the previous session due to elevated Treasury yields. Investors remain wary of the conflict in the Middle East and rising tensions between Iran and Israel. Fed Chair Jerome Powell is scheduled to speak later in the day. Earnings will be in the spotlight.
Reuters · 7h ago
MORNING BID AMERICAS-Red hot retail readout drives US economy and dollar
Red hot U.S. Retail readout drives US economy and dollar to five-month high. China's first-quarter GDP growth misses expectations and home prices fall in March. UK jobless rate rises to record high in March and euro, yen hit 34-year low against the buck. IMF releases World Economic Outlook on Tuesday.
Reuters · 7h ago
UPDATE 4-DS Smith agrees $7.2 bln all-share deal with International Paper
DS Smith agrees $7.2 bln all-share deal with International Paper International Paper tables formal offer to buy British packaging firm. Rival suitor Mondi declines to comment on the deal. DS Smith shares down 2% after International Paper offers higher offer. British firm's shares fall as much as 4%.
Reuters · 10h ago
REUTERS NEWS SCHEDULE AT 6:10 a.m. GMT/2:00 p.m. SGT
Israeli military vows response to Iran attack as calls for restraint mount. Tesla laying off more than 10% of its global workforce as sales fall. U.S. House of Representatives to consider aid to Israel and Ukraine as separate legislation. Microsoft to invest $1.5 billion in UAE-based artificial intelligence firm G42.
Reuters · 11h ago
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About BML-PRJ
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.