• Wall Street opens flat as weak oil prices offset earnings enthusiasm

    3 monthes ago - By Reuters

    U.S. stocks opened flat on Monday as losses in energy shares due to lower oil prices offset gains in the financial sector after a robust quarterly report from Bank of America.
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  • Wall Street set to open flat as weak oil prices offset earnings enthusiasm

    3 monthes ago - By Reuters

    U.S. stocks were set for a muted opening on Monday as a sharp drop in crude oil prices weighed on energy companies, while a robust report from Bank of America reinforced expectations of a strong earnings season.
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  • BofA profit beats on consumer loan growth, lower expenses

    3 monthes ago - By Reuters

    Bank of America Corp reported quarterly profit above expectations as the second-largest U.S. lender cut expenses and benefited from growth in loans and deposits on the back of a strengthening economy.
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  • Buy Cisco on the dip because the Amazon threat worries are ‘overdone': Bank of America

    3 monthes ago - By CNBC

    Bank of America Merrill Lynch reiterates its buy rating for Cisco Systems shares, downplaying the competitive threat from Amazon in the switch business.
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  • Bank of America beats, profits climbs 33%

    3 monthes ago - By Chron

    REUTERS/Ruben Sprich
    Bank of America Merrill Lynch a nnounced second-quarter adjusted earnings of $0.63 a share Monday morning, a 43% jump from last year. Analysts had expected adjusted earnings of $0.57.
    Here are the key numbers:
    Revenue: $22.6 billion, down from Q2 2017 revenue of $22.8 billion, which included a $793 million pretax gain on the sale of the bank's non-US consumer card business.
    Net income: $6.8 billion, up 33% from 2017.
    Net interest income: Increased $664 million, or 6%, to $11.7 billion, thanks to higher interest rates, as well as loan and deposit growth.
    Global wealth...
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  • BofA profit beats estimates on loan growth, lower expenses

    3 monthes ago - By Reuters

    Bank of America Corp reported quarterly profit above Wall Street expectations as the second-largest U.S. lender kept a tight leash on expenses and benefited from growth in loans and deposits.
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  • Bank of America shares rise after earnings, revenue top expectations

    3 monthes ago - By CNBC


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  • Here comes Bank of America

    Here comes Bank of America

    3 monthes ago - By Business Insider

    Bank of America Merrill Lynch is set to announce second-quarter earnings results Monday morning.
    Analysts expect the bank to report adjusted earnings of $0.57, an 18.6% increase from last year.
    Here' s what else analysts will be looking for:
    Revenue: $22.1 billion, down 4.8% from 2017
    Net income: $6.1 billion, up 17% from 2017
    Markets: Trading revenues are expected to dip across Wall Street compared with the strong first quarter, though still expected to increase from last year.
    Geopolitical impacts: How will President Donald Trump's sabre rattling with foreign nations impact business?...
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  • Here comes Bank of America

    Here comes Bank of America

    3 monthes ago - By Business Insider

    Bank of America Merrill Lynch is set to announce second-quarter earnings results Monday morning.
    Analysts expect the bank to report adjusted earnings of $0.57, an 18.6% increase from last year.
    Here' s what else analysts will be looking for:
    Revenue: $22.1 billion, down 4.8% from 2017
    Net income: $6.1 billion, up 17% from 2017
    Markets: Trading revenues are expected to dip across Wall Street compared with the strong first quarter, though still expected to increase from last year.
    Geopolitical impacts: How will President Donald Trump's sabre rattling with foreign nations impact business?...
    Read more ...