Bank of America

3 Things Anyone Can Learn From Millennials' Financial Habits

New savings data calls some of the common myths about millennials into question.<p>To all of the writers of articles out there labeling millennials as lazy, entitled navel-gazers, here’s a rebuttal: They’re the most proactive age group of all when it comes to saving money.<p>In fact, a larger share of …

401(k)

Bank of America Says Bitcoin Won't go Anywhere Without Proper Regulation

<b>The topic of Bitcoin regulation has been touched upon multiple times already. It is very difficult to regulate something without a central authority.</b> …

Cryptocurrency

Britain Sees Brexit’s Threats More Clearly

It is now more than a year since the British voted to leave the European Union and nearly four months since Prime Minister Theresa May formally started the two-year clock to negotiate the divorce, and so far the only results are increasingly gloomy prognoses for Britain.<p>Mrs. May, her party and her …

Brexit

Why Can't Americans Give Up Paper Checks? - Bloomberg

The first time Amelia Howells ever wrote a check, she was 28 years old and standing in a Connecticut apartment leasing office, with no idea what to …

Banking

This Mobile Banking App Has 28.4 Million Active Users -- The Motley Fool

This bank leads the way when it comes to users of its mobile banking app.<p>If there's one trend to watch in the bank industry nowadays, it's the …

Banking

What's Holding Bitcoin Back? BofA Has Some Suggestions | Investopedia

A new note from Bank of America's Global Commodities and Derivatives Research department has offered up some potential reasons why Bitcoin has not …

Cryptocurrency

PayPal beats Q2 estimates | ZDNet

PayPal delivered revenue of $3.14 billion, up 18 percent year-over-year.<p>PayPal reported second quarter earnings and revenue Wednesday after the …

Markets

Factbox: Impact on banks from Britain's vote to leave the EU

(Reuters) - Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country's planned exit from the European Union.<p>Financial services companies need a regulated subsidiary in an EU country to offer products across the bloc, which could prompt some to move …

Brexit

Tip: How to Get Your Sign-Up Bonus Faster

So you just got approved for that new credit card, you wait in anticipation for 5 to 7 days for that shiny piece of plastic to arrive. Finally the …

Alaska Airlines

‘Super firms’ claim record share of euro bond sales

The largest sellers of euro corporate bonds are taking a greater share of overall issuance than ever before, fuelling a debate about whether the …

Merrill Lynch

General Electric: New Boss And Lessons For New Boss From Bank Of America, Citigroup, And Morgan Stanley

John Flannery takes over as new boss of GE in August, facing an investment community that seems restless for a better performance of GE stock.<p>Mr. …

Jeff Immelt

Greece’s first bond since in 2014 prices at 4.625%

Greece has capped off its return to the bond market with a healthy fall in its borrowing costs as investors snapped up the country’s first bond since …

Greece

The open road or the open skies? Millennials choose the former...

Alessandra Malito Millennials spent more on gas than they did on airplanes last summer. Weinstein Company/Courtesy Everett CollectionMillennials, more than any other generation, hit the road in the summer. At least, judging by their gas bills.The generation born in the 1980s and 1990s spent nearly …

Fortune 500

Bank of America Analyst: Bank Acceptance a 'Crucial Hurdle' for Bitcoin

A new report from US-based Bank of America Merrill Lynch argues that bitcoin will go mainstream once banks start accepting it.<p>According to CNBC, the …

Cryptocurrency

Banks Still Playable And Un-Pricey

Let’s go to the financial sector, banks, if only to see how they’ve grown into such huge hungry beasts. While manufacturing sector growth peaked out late fifties along with employee compensation, Wall Street began to stir. Trading floors blossomed into football field sized profit centers.<p>A typical …

Stocks

Profits and revenues down at Alcon’s Cork-based Irish division

News (Ireland)

Monarch Place Starbucks: Cornerstone Cafe to stay, get new coffee brand

SPRINGFIELD -- The Cornerstone Cafe -- the locally owned coffee, soup and sandwich shop in Monarch Place -- will continue operating once a new …

Western Massachusetts

Alphabet Stock Breaks Down Despite Earnings Beat | Investopedia

Alphabet Inc. (GOOG​) shares failed to break out to all-time highs despite better-than-expected second quarter financial results. Since shattering …

Trading

Gold Weekly: Just An Illusion

Gold is stable on low trading volumes ahead of the July 26 FOMC meeting.<p>Speculators turned slightly more positive on gold over the reporting period …

gold

BANK OF AMERICA: The US dollar is overvalued, and there are 'substantial risks' from here

The US dollar is the worst performing G10 currency this year, down 8% versus its major peers. But it's still expensive relative to its history, according to Bank of America Merrill Lynch.<p>"The currency remains overvalued by about 10 percent compared with its long-term equilibrium and about 12 …

Business

This chart shows a major shift in the way Americans eat

Americans like to eat out. A lot.<p>In fact, the portion of food spending outside the home is estimated to have eclipsed the portion spent on food at home for the first time around 2014, according to data from the USDA.<p>The trend can be seen in this chart, which was shared by a Bank of America Merrill …

Business

BofA’s Baronoff on M&A & CEO Confidence

Bank of America Global M&A Chairman Steven Baronoff discusses trends in the M&A landscape. He speaks with Alex Sherman on “Bloomberg Markets.” …

Business

Big Banks Give Up Physical Branches for Digital Space | Investopedia

Although many big banks have been hesitant to dive headfirst into the cryptocurrency craze, it is nonetheless true that even the most stalwart …

Banking

BANK OF AMERICA: 'Beware of crowded stocks that miss' during the most impressive earnings season in 5 years

Only about a third of companies on the S&P 500 have reported earnings, and they are outpacing Wall Street's expectations so far.<p>"Overall, 68% of companies beat on EPS, 75% beat on sales and 53% beat on both — the highest proportion of top and bottom-line beats at this point during earnings season …

Markets

Pinnacle Bankshares reports Q2 results

Pinnacle Bankshares (OTCQX:PPBN): Q2 EPS of $0.45<p>Revenue of $4.6M (+7.7% Y/Y)<p>Press Release<p>Now read: <b>Bank Of America: In Defense Of Brian Moynihan And</b> …

Brian Moynihan

Goldman Rallies Bears on Energy Junk Debt - Bloomberg Gadfly

For years, bond traders have been hard-wired to "buy the dip." This has often worked well in a world awash in central bank cash, when any sell-off …

Oil

BAML sees improved net yields for cruise line operators

Carnival (CCL +0.1%) and Norwegian Cruise Line Holdings (NCLH +0.5%) both catch a Buy rating from Bank of America Merrill Lynch as the firm jumps …

Cruise Ships

Expect the Note 8 to break the bank (and your wallet)

Samsung’s Note 8, due to be unveiled in a month, will burst through the $1,000 (c. £920) price point, and may well become the first mass market phone …

Samsung

City Holding beats by $0.11, revenue in-line

City Holding (NASDAQ:CHCO): Q2 EPS of $0.94 beats by $0.11.<p>Revenue of $46.18M (+3.9% Y/Y) in-line.<p>Press Release<p>Now read: <b>Bank Of America: 2 Other</b> …

Revenue

A 'big fall' in markets is coming as traders put record cash to work

In global markets, all signs of sentiment are pointing up. And it's that very unbridled enthusiasm that could spell their downfall.<p>But before we get into the negative implications, let's take stock of everything that shows just how overtly bullish investors are feeling right now.<p>First, private …

Business