Brian Moynihan

How America’s Inequality Is Sending the Dow Soaring

The Great Recession is a speck in the rear-view mirror for America’s financial markets. They’ve advanced far beyond pre-crisis levels. In fact, …

Economy

The GOP’s Corporate Tax Cut May Not Be As Big As It Looks

That was embarrassing.<p>Gary Cohn, director of the National Economic Council and one of the “Big Six” Republicans behind President Trump’s tax rewrite, …

U.S. Politics

Buffett's Favorite Dividend Stock Just Can't Compete With These 3 High-Quality Rivals

Wells Fargo has long been a favorite of Warren Buffett, in fact it's Berkshire's single largest holding.<p>However, the three cornerstones of what made …

Finance

‘We have a duty:’ BofA CEO calls for Charlotte to fix economic-mobility problem

Bank of America CEO Brian Moynihan said Monday it’s important for Charlotte to so something about its economic-mobility problems, an issue he said …

Charlotte

Retirement Strategy: Is It Time To Sell Bank Of America?

Investors have seen a significant price increase in shares of Bank of America.<p>I think the best is yet to come.<p>The tailwinds look like like hurricane …

Business

2018 could be a banner year for bank stocks (see fine print)

Get ready: between lower regulation, higher interest rates, and more share buybacks, 2018 could be kind to long-suffering bank investors, analysts …

Economy

The New CEO Activists

When we first started studying CEO activism, three years ago, we never imagined how significant this phenomenon would become. At the time a small but growing band of executives were taking public stands on political and social issues unrelated to their companies’ bottom lines. Since then, …

Governance

Bank of America Turns to Electronification of Cash to Reduce Operational Costs

• Tatjana Kulkarni<br>• December 7, 2017<br>• Capital, Cards, Corporate, DataBank, Mobile, Online, Open Fintech, Operations, Retail<br>• 0<p>Bookmark<p>EXCLUSIVE – Bank of …

Banking

This Week In Credit Card News: Sending Cash Thru An iPhone Text Message; Why The Buzz About Bitcoin?

<i>Apple’s Venmo Killer Is Finally Here</i><p>Apple’s iPhone now has a built-in way to send cash via a text message with its launch of Apple Pay Cash. The feature allows users in the US with an up-to-date iPhone to send money to other iPhone users through the Messages app. It’s a direct competitor to other …

Banking

Will Bank of America Raise Its Dividend in 2018?

The financial industry went to the brink of extinction in 2008, and <b>Bank of America</b> (NYSE: BAC) was one of the most dramatically affected banking institutions during the crisis. B of A has done an excellent job of recovering from its near-disaster, but even after seeing its shares jump nearly 30% so …

Stocks

Corporate Tax Cuts Lead to Mental Gymnastics

The accounting math won't always line up with common sense.<p>One effect of Congressional Republicans' tax plan is to cut taxes on corporations. If corporations have to pay lower taxes, then they will have higher profits. The math on this is fairly straightforward. (Pretax profits <i>minus</i> taxes <i>equals</i> net …

Business

Forget tax cuts: U.S. economy needs more women

<b>FORGET TAX CUTS: THE U.S. ECONOMY NEEDS MORE WOMEN</b> — By me this morning: “If you really want to make America great again, get more women in the workforce. That's the top takeaway from a new report by S&P Global's chief U.S. economist Beth Ann Bovino, who says in the latest POLITICO Money podcast …

Economy

Regulatory Armies and Bitcoin 12,000

Also kitty securities, taxes and rockets.<p><b>How's the CFPB doing?</b><p>The people at the Consumer Financial Protection Bureau, who signed up to work there because they wanted to protect consumers from financial companies, are a little bummed that the CFPB's new acting director Mick Mulvaney has been cutting …

Finance

Optimism at US banks set to be tempered by weak trading revenues

Ben McLannahan and Alistair Gray in New York<p>December 7, 2017<p>Weak revenues from trading are set to weigh on results of Wall Street banks in the fourth …

Economy

The 30 Largest Companies on the Stock Market

This small group of companies is worth almost $10 trillion dollars.<p>The stock market continues to prove itself as one of the best places for people to …

Stocks

Bank of America Faces Long Road to Credit-Card Revival - Bloomberg Gadfly

When it comes to the super-competitive world of credit cards, Bank of America Corp. knows it's in a battle. But is it doing enough?<p>Appearing at a …

Banking

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 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

Banks Say Trading Is Taking Another Hit -- WSJ

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (December 6, 2017).<p>Bank executives are flagging another tough quarter for trading as quiet markets again hurt a key Wall Street …

Markets

Q4 looking like another weak trading quarter for big banks

• The practice of bank executives fanning out to investor conferences to warn of continued trading weakness is beginning to become a quarterly …

Stock Markets

5 Bitcoin Fallacies: Bitcoin Bears

In the financial world right now, one can either have a reasonable discussion, or “discuss” Bitcoin, but not both.<p>This is the first of a two-part …

Business

Bank of America just told investors that its stock is cheap (BAC)

AP Images / Richard Drew<p><b>Bank of America has announced plans to buy back an additional $5 billion of its own stock, just five months after announcing</b> …

Markets

Big Banks Love The Republican Tax Plan

"It's good for corporate America. It's good for us."<p>At a conference hosted by Goldman Sachs on Tuesday, senior executives at some of America's largest and most powerful banks lined up to praise the Republican tax plan for slashing the relatively high corporate tax rates that many banks now pay.<p>Two …

Business

BofA’s Brexit Planners Considered Bigger Paris Move

<i>Follow</i> <i>@Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter.</i><p>Bank of America Corp. has been debating proposals from …

JPMorgan Chase & Co

Bank Of America: Just Stay On The Train

This bank has come a long way since 2010, and it still has a great story to tell.<p>BAC reported strong Q3 2017 results and the bank is well-positioned …

Stocks

Warren Buffett’s 7 Best Stock Picks of 2017

InvestorPlace - Stock Market News, Stock Advice & Trading TipsIdentifying the best stocks to buy can be difficult, but you can learn a thing or two …

Stocks

Better Buy: Wells Fargo & Company vs. Bank of America

Which is the better big bank for your portfolio?<p>The banking sector has been one of the market's top performers over the past year or so, and there …

Stocks

Warren Buffett’s 7 Best Stock Picks of 2017

Sometimes identifying the best stocks to buy can be difficult, but if you examine billionaire Warren Buffett’s moves, you can learn a thing or …

Stocks

6 Predictions for Credit Cards in 2018

There’s been no shortage of news in the credit card industry over the past year: new Amazon and Uber offerings, enhanced bonus opportunities for …

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