Tag: $Bank of America

Chinese banks have been pitching to work on the blockbuster Hong Kong secondary listing of the world’s leading EV battery maker CATL for as little as 0.01 per cent in fees, highlighting cut-throat competition in a once-lucrative listings market where business has significantly slowed.

Bank of America on Thursday reported better than expected fourth-quarter profits, joining other US banks in benefiting from a robust period of dealmaking and trading but also outperforming rivals on loan growth.

Bank of America on Tuesday reported second-quarter profit that fell 6.8% from a year ago as high interest rates for consumers continued to weigh on profitability. The stock rose as earnings beat analysts’ forecasts.

The Federal Reserve is set to release the outcomes of stress tests run on 32 lenders—from enormous ones like JPMorgan Chase and Bank of America to smaller banks such as Huntington Bancshares —after the stock market closes on Wednesday.

Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income and investment banking.

Bank of America shares fell about 2% in premarketing trading on Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges.

Bank of America earnings and revenue topped Wall Street’s expectations.

Bank of America on Tuesday posted second-quarter profit and revenue that edged out expectations as the company reaped more interest income amid higher rates.

Bank of America Corp on Monday said it had begun a dialogue with the Federal Reserve to understand differing results of the central bank’s stress test and the company’s own under the Dodd-Frank Act.

Bank of America Corp is adding consumer branches in four new U.S. states, it said on Tuesday, bringing its national footprint closer to rival JPMorgan Chase & Co.

Turkish stocks climbed on Monday, while the lira hit a fresh record low after President Recep Tayyip Erdogan was re-elected and embarked on his third decade in the top position.