|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's range||0.00 - 0.00|
|Beta (3Y monthly)||1.15|
|PE ratio (TTM)||11.72|
|Earnings date||15 Oct 2019|
|Forward dividend & yield||3.60 (3.16%)|
|1y target est||119.88|
Bank of America CEO Brian Moynihan just went a long way in showing not all millenials are broke.
FT premium subscribers can click here to receive Due Diligence every day by email. This was the analogy one former executive of Caesars Entertainment offered to describe the $20bn-plus sale of the venerable gaming company last month to Eldorado Resorts, an obscure regional casino outfit out of Reno, Nevada. This David-buys-Goliath deal had its very own special slingshot: property finance.
Rise in interest income and lower costs support Morgan Stanley's (MS) Q2 earnings. However, weak trading and investment banking performance is on the downside.
SunTrust (STI) witnesses higher revenues in the second quarter of 2019. Yet, higher expenses and rise in provisions hurt results.
RESEARCH TRIANGLE PARK, N.C., July 18, 2019 -- JAGGAER, the world’s largest independent spend management company, is partnering with J.P. Morgan (NYSE: JPM) to deliver a.
* Leung secured employment at JPM for Kerry Logistics' chairman's son - prosecution * Leung allegedly offered job to get business from Kerry Logistics * Trial to start on Feb. 25, 2020 (Updates with Kerry Logistics' statement) By Alun John and Felix Tam HONG KONG, July 18 (Reuters) - A former JPMorgan Asia investment banking vice-chair, Catherine Leung, pleaded not guilty to charges of bribery in a Hong Kong court on Thursday. Leung was charged in May by Hong Kong's Independent Commission Against Corruption with bribing the then chairman of a potential client, a logistics company, by employing his son at the U.S. investment bank.
Wall Street???s rally ended on Tuesday after President Donald Trump expressed his doubts about a near term solution to the lingering trade battle between the United States and China.
Modest loan growth, higher rates and prudent cost management aid BofA's (BAC) Q2 earnings. However, dismal trading and investment banking performance, and rise in provisions pose concerns.
Comerica's (CMA) second-quarter 2019 results reflect higher revenues and decline in expenses, partly offset by higher provisions.
Though loan growth and lower expenses support First Horizon's (FHN) second-quarter 2019 performance, higher provisions and lower deposits pose headwinds.
Investing.com - U.S. futures pointed to a flat opening bell on Wednesday after Bank of America failed to stem concerns about the outlook for the banking sector with its latest quarterly numbers.
Investing.com - Bank of America (NYSE:BAC) followed its Wall Street rivals in reporting a second quarter that showed strength in its consumer and business lending, offset by a decline in revenue at its investment bank that reflected the growing impact of trade disputes and slowing growth on financial markets.
Investors have long fretted about falling interest rates hitting growth at even the best-managed lenders. Announcing a mixed set of second-quarter results, JPMorgan cut its 2019 outlook for lending profits by half a billion dollars in expectation of multiple rate cuts from the Federal Reserve, which will compress lending margins. BofA matched that and more, taking almost a billion out of its outlook.
Both Goldman Sachs and JPMorgan Chase showed declining investment banking revenue in the second quarter of 2019, with both suffering a dip in their lucrative debt underwriting businesses. How do I go about getting into the investment banking industry? JPMorgan’s M&A business suffered a sharper 16 per cent year-on-year contraction — it generated $525m in fees — as Goldman was off just 3 per cent from the previous year at $776m.