Bank of America Corp

Tax Overhaul Seen Reducing Supply of Corporate Bonds to Pensions

The tax overhaul may cause a snag for debt-hungry pension funds.<p>Now being refined by the House and Senate, the legislation will likely encourage …

Business

Value Stocks Now As Risky As Growth: Bernstein | Investopedia

Investors who anticipate that now is the time to rotate out of growth stocks and into value stocks should think twice, according to strategists at …

Finance

UBS Head Bond Trader Says He Never Told Analyst to Skew Reports

UBS Group AG’s head trader for commercial mortgage backed securities denied claims of trying to influence research reports published by the Swiss …

Business

Tax Compromise Keeps Wind and Electric-Car Credits, Source Says

House and Senate negotiators have agreed to spare the electric-vehicle tax credit and wind production tax credit in their compromise package, …

Chuck Grassley

3 Things You Must Know About Wall Street as You Head to Lunch

The Fed's announcement on interest rates will be made at 2 p.m. ET, followed by a press conference from Fed Chair Janet Yellen at 2:30 p.m. The …

Banking

Russian-speaking cybercriminals uncovered, but not before they stole $10 million

Group-IB, an international cybersecurity firm, recently uncovered a gang of cyberthieves who have hijacked more than $10 million from U.S. and Russian banks in less than two years, according to the firm’s new report.<p>The Russian-speaking hackers, dubbed by Group-IB as MoneyTaker, successfully …

Conservative View

Hate the Swiss Franc, Love the Dollar in 2018? Take a Number

(Bloomberg) -- There’s a favorite currency trade emerging on Wall Street: a long dollar, short Swiss franc position for 2018.<p>Bank of America Corp …

Economy

Cyber Heist Linked to Russians Targets Banks From Moscow to Utah

A previously unknown ring of Russian-language hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according …

Technology

Global Banks Have Billions at Risk as Steinhoff Scandal Deepens

U.S. and European banks and creditors, some of whom are meeting with Steinhoff International Holdings NV on Monday, are among creditors with billions …

Business

Five reasons big bank bosses are losing sleep ahead of bitcoin’s futures debut Sunday

Bitcoin is coming to Wall Street on Sunday, and some executives at the world’s biggest banks aren’t sleeping well.<p>With just a few days left until …

Commodity Futures Trading Commission

Bank Relief Breathes New Life Into Europe's Lagging Stock Market

Banking regulators just handed European stock bulls a whole lot to smile about.<p>Buoyed by speculation that new capital rules will free up more cash …

Business

Big U.S. Banks as Risky Today as 2007 | Investopedia

Despite legislation and regulatory initiatives designed to avert a repeat of the 2008 financial crisis, an independent research arm of the U.S. …

Finance

Bank Stocks Poised for More Gains in 2018: CFRA | Investopedia

The financial sector has been on a tear this past week, getting a bit of a boost as investors rotate away from technology stocks, and it looks like …

Stocks

Bull Market Heading for Major Correction in 2018, Bank of America Says

Bank of America Corp. (BAC) says signs are growing that the eight-year-old bull market in stocks and risky assets could soon come to an end.<p>And, as …

Economy

Goldman, Barclays Bust Into Jamie Dimon's Game

Jamie Dimon, take note: There are two new members of the $20 billion loan club.<p>Goldman Sachs Group Inc. and Barclays PLC each will lend $20 billion to back CVS Health Corp.'s takeover of Aetna Inc., according to a regulatory filing late Tuesday. That puts them into an exclusive club -- pretty much …

Jamie Dimon

Insane Credit Rally Divides Wall Street Forecasters Over 2018

(Bloomberg) -- It’s the season for investment banks to try to predict the future in credit markets. The ritual is trickier than usual this …

Economy

Big Banks Boosting Risk as Regulation Eases

Bank of America Corp. (BAC) and Wells Fargo & Co. (WFC) are accelerating plans to return capital to shareholders through dividends and stock …

Banking

Tech Rout Saps Alpha in Funds That Once Were Crushing Benchmarks

(Bloomberg) -- A great year for the biggest class of active funds is becoming merely a good one after a week of upheaval in stocks erased almost half …

Markets

Home Depot, T-Mobile Announce Massive Buybacks

Home Depot Inc (NYSE: HD) and T-Mobile Us Inc (TMUS) are the latest companies to announce they will be committing billions of dollars buying back …

Stocks

Want That House? You'd Better Pay in Cash

It has happened three times, she said, most recently two weeks ago. The couple bid on a home in an unfashionable suburb they believed was a sure bet …

Real Estate

Bank of America CEO says fourth-quarter trading is down 15 percent

(Reuters) - Trading revenues at Bank of America Corp are on track the be 15 percent lower in the fourth quarter than they were a year ago, Chief Executive Officer Brian Moynihan said during a question and answer session at an industry conference Tuesday.<p>Moynihan, who touched on a range of topics, …

Economy

JPMorgan, BofA See Trading Revenue Slumping 15% This Quarter

JPMorgan Chase & Co. and Bank of America Corp. say there hasn’t been a spark to break the slump in trading revenue.<p>Revenue from trading has dropped …

Markets

Hopes Fade at JPMorgan, Bank of America for 2017 Trading Turnaround

Wall Street giants JPMorgan Chase & Co. (JPM) and Bank of America Corp. (BAC) see few signs of a revival in sluggish bond markets in 2017, extending …

Banking

Bank of America Said Debating a Bigger Paris Move

December 4th, 2017, 1:41 PM UTC<p>Bank of America Corp. is said to be debating proposals for a larger than expected post-Brexit move to Paris. …

Business

Stocks Push Higher as Tax Reform Buoys Wall Street

Republicans in Congress better get tax reform done because the market is clearly fueled by the prospect.<p>The Dow Jones Industrial Average was up 225 …

Tech Industry

Brexit May Leave Banks on the Hook for Impossible Contracts

<i>Follow</i> <i>@Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter.</i><p>As far as Brexit headaches go, Barclays Plc’s John …

Brexit

Illinois' $750M bonds won by BofA with still hefty yields

CHICAGO, Nov 29 (Reuters) - Bank of America Merrill Lynch won $750 million of Illinois bonds in competitive bidding on Wednesday as the state faced a lingering market penalty for its fiscal and political woes.<p>Spreads for the general obligation bonds over Municipal Market Data's benchmark triple-A …

Finance

Flattening Curve Aside, Bonds Haven't Been This Calm Since 1979

For all the hullabaloo around the flattening U.S. yield curve in November, the 10-year yield is still on track for its least turbulent month in …

Economy

Short Goldman Sachs, Buy Bank of America: Bove | Investopedia

Go long Bank of America Corp. (BAC) and short Goldman Sachs Group Inc. (GS). That’s the advice that Dick Bove shared with CNBC in an interview on …

Personal Finance

Citigroup Still Tops in Asia Pacific Fixed Income, Survey Shows

Citigroup Inc. remains the top fixed-income bank for Asia Pacific excluding Japan this year, as it continued to boost its market share, according to …

Asia Pacific