Bank of America is gaining ground after earnings
9 days ago - By Business Insider
Bank of America is climbing after an earnings topped expectations.
The US's third-largest bank by assets said it paid an effective tax rate of 9%.
Deposits rose 3%, hitting a record $1.3 trillion in the bank's consumer banking division.
Follow Bank of America's stock price in real-time here.
Shares of Bank of America were up roughly 1% in early trading Monday after the firm reported earnings that beat analysts expectations , continuing a trend of stellar financial earnings in the first quarter.
The Charlotte-based bank said it earned an adjusted $0.62 per share on revenue of $23.2 billion...
Read more ...Bank of America is gaining ground after earnings
9 days ago - By Business Insider
Bank of America is climbing after an earnings topped expectations.
The US's third-largest bank by assets said it paid an effective tax rate of 9%.
Deposits rose 3%, hitting a record $1.3 trillion in the bank's consumer banking division.
Follow Bank of America's stock price in real-time here.
Shares of Bank of America were up roughly 1% in early trading Monday after the firm reported earnings that beat analysts expectations , continuing a trend of stellar financial earnings in the first quarter.
The Charlotte-based bank said it earned an adjusted $0.62 per share on revenue of $23.2 billion...
Read more ...BofA profit beats estimates on higher interest rates, loan growth
9 days ago - By Reuters
Bank of America reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the bank benefited from higher interest rates and growth in loans and deposits.
Read more ...Bank of America 1Q profits rise to record $6.9 billion
9 days ago - By Chron
NEW YORK - Bank of America is reporting that its first-quarter profits jumped by 30 percent from a year earlier as the company benefited from the new tax law as well as higher interest rates.
The consumer banking giant earned $6.92 billion, or 62 cents per share, up from $5.34 billion, or 45 cents a share, from the same period a year ago. Analysts had been expecting a per-share profit of 59 cents, according to FactSet.
Like its competitors JPMorgan Chase and Citigroup, Bank of America reported a sharp drop in its tax bill Monday, which helped boost profits. While the Charlotte, North...
Read more ...Bank of America earnings: 62 per share, vs 59 cents expected
9 days ago - By CNBC
Bank of America is scheduled to release its first-quarter results Monday before the bell.
Read more ...BofA's profit rises on higher interest rates, loan growth
9 days ago - By Reuters
Bank of America reported a 34 percent rise in first-quarter profit on Monday as it benefited from higher interest rates and loan growth.
Read more ...Here comes Bank of America
9 days ago - By Business Insider
Bank of America Merrill Lynch is set to announce first-quarter earnings results Monday morning.
Analysts are expecting the bank to report adjusted earnings per share of $0.59, a nearly 42% increase from last year.
Here's what else to look out for:
Revenue: $23 billion, up 1.9% from last year.
Adjusted net income: $6.2 billion, up 39.6% from last year.
Volatility's impact on markets revenues: After a moribund 2017 in which low volatility sapped trading desks across Wall Street, the markets saw a jolt of energy in the first quarter, whipsawing back and forth on account of, among other...
Read more ...Here comes Bank of America
9 days ago - By Business Insider
Bank of America Merrill Lynch is set to announce first-quarter earnings results Monday morning.
Analysts are expecting the bank to report adjusted earnings per share of $0.59, a nearly 42% increase from last year.
Here's what else to look out for:
Revenue: $23 billion, up 1.9% from last year.
Adjusted net income: $6.2 billion, up 39.6% from last year.
Volatility's impact on markets revenues: After a moribund 2017 in which low volatility sapped trading desks across Wall Street, the markets saw a jolt of energy in the first quarter, whipsawing back and forth on account of, among other...
Read more ...
The headlines of Business Mag
Adidas just opened up a factory run by robots - and it will dramatically...
Adidas ' Speedfactory in Atlanta is open, producing shoes like the new AM4NYC limited collection. The factory is completely automated, and designed to be able to speedily...
Jeff Bezos says he liquidates a whopping $1 billion of Amazon stock every...
Amazon CEO Jeff Bezos uses $1 billion of his "Amazon winnings" to fund his space company Blue Origin, he recently said in an interview. The entrepreneur has a net worth of $127...
Chipotle is rallying ahead of its first earnings report with its new CEO
Chipotle Mexican Grill is rising before its first-quarter earnings report, which is due out after the closing bell. Chipotle is still struggling to win back customers after its...
Buyer Demand for Green Homes Trends Up
If you ask the REALTORS® who work with them, buyer demand for green homes is trending up. Homebuyers are interested in sustainability, according to 61 percent of REALTORS® in...
Advanced Micro Devices is dropping right before earnings
Advanced Micro Devices is dropping, becoming one of the worst performers of the S&P 500, hours before it's due to release earnings. The semiconductor industry faces uncertainty...
AMD is surging after a stellar earnings report
Advanced Micro Devices reported first-quarter earnings Wednesday that beat Wall Street expectations. The chipmaker reported adjusted earnings of $0.11 per share on revenue of...
CRYPTO INSIDER: Cryptocurrencies are diving
Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your...
A gold trading company has a plan to make the industry for precious metals...
Tradewind raised $10.6 million from industry participants to build out its digital gold trading platform. Tradewind is working with companies across the gold industry to...
Check Point Software Earns $1.30 per Share
Check Point Software , today announced its financial results for the first quarter ended March 31, 2018. First Quarter 2018: Total Revenue: $452 million, a 4 percent increase...
Futuur's prediction market makes forecasting into a game
Futuur is announcing a prediction market that is equal parts a forecasting tool, a virtual wagering platform, and a game. The Rio de Janeiro, Brazil-based company taps the...