BankofAmerica drops in quarterly profit as dealmaking slumps Reuters-Bank ofAmerica Corp posted a 34% drop in second-quarter profit on Monday, hit by a slump in investment banking revenue as dealmaker activity fell to a fraction of last year's record levels.
drops in quarterly profit as dealmaking slumps Reuters-
... could stick to a 75 basis point hike, the worries about a 100 basis point raise in rates at the end of this month have eased, as it was reported by
officials that the policymakers could stick to a 75 basis point hike.
Earnings are now awaited by
and Goldman Sachs Group Inc, with both banks expected to post a drop in quarterly profit. Their shares were about 0.8% higher before the market opened.
Boeing Co rose 2.7% after
Delta Air Lines
said it would buy 100
10 jets worth about $13....
Traders are watching for signs of capitulation that they hope will set the stage for an equity recovery. The risk of a hard recession and a stronger dollar rises in the second half of the year could lead to more declines in US stocks, according to BankofAmericaCorp. strategists. If the second quarter earnings season is worse than expected, equity markets could see proper capitulation, according to strategists led by
. UnitedHealth Group Inc.'s second quarter results were lifted by lower costs ...
... focusing on an improved outlook for net interest income and expenses.
With four of the six largest US banks reporting their results over the last two days, attention will quickly turn to the next week s release calendar.
Goldman Sachs Group Inc.
will announce their results before the opening bell on Monday.
Why is gas so expensive? The US needs more refineries.
... it expects to pay $200 million in fines, the same amount
Chase Co. paid as authorities use that settlement as a yardstick for the industry. People who have knowledge of the talks told me that
Group Inc. and
had advanced discussions with the regulators to pay a similar figure, according to people with knowledge of the talks who asked not to be identified because the matter isn't public.
The discussions have not yet finished and the penalties could still ...
railroad for $26.5 billion, after earlier accumulating a 22.6% stake.
's Omaha, Nebraska-based conglomerate also owns dozens of other businesses, including the
car insurer and See's candies, and stocks, including Apple Inc and BankofAmericaCorp.
BankofAmerica Economists say that a Mild US recession is coming this year. Pompeina in the US, the BankofAmericaCorp. economists predict a mild recession this year, and say services spending is slowing and hot inflation is spurring consumers to pull back.
BankofAmerica Economists say that a Mild US recession is coming this year.
In the US, the
According to Bloomberg,
was ranked eighth among the advisers on takeovers of UK companies last year, with a role on $34.5 billion of transactions. In 2021 it ranked third among the underwriters of London IPOs, behind only JPMorgan Chase Co. and
Many finance firms say they're taking a harder line on inappropriate behavior as the City of London tries to dismantle a male-dominated culture that has been criticized by UK regulators.
None of the US Industrial Complex is starting to Buckle from ...