|Bid||30.950 x 1200|
|Ask||30.960 x 21500|
|Day's Range||30.860 - 31.200|
|52 Week Range||24.580 - 33.050|
|PE Ratio (TTM)||16.23|
|Forward Dividend & Yield||0.60 (1.98%)|
|1y Target Est||N/A|
The dow posting triple-digit gains, closing less than 1% from its all-time closing highs. Financials led the broader gains in the markets as banks surged on higher interest rates.
This game has been the primary reason for Take-Two Interactive’s 1000.0% stock returns (in absolute terms) since the start of 2013. Take-Two Interactive’s highly anticipated game, Red Dead Redemption 2, is expected to be released on October 26 and contribute to the company’s revenues in the holiday quarter. Red Dead Redemption 2 already has a dedicated fan base, and it’s garnered positive responses from its players.
Investing.com - Gold prices inched up while the dollar also gained on Monday as China cancelled its planned trade talks with the U.S.
Bank of America.If you work at a bank, and you meet with a client and like the cut of his jib and decide to lend him $300 million, and the client vanishes into thin air and the bank writes off the $300 million, are you in trouble? Were you not supposed to have done that? Obviously the bank would rather have the $300 million than not; lending $300 million and getting it back is better than lending $300 million and not getting it back.
Investor sentiment upbeat on expectation of interest rate hike this month along with strong domestic economic growth and a steady labor market.
Leadership changes are starting to ripple through Bank of America Corp.’s investment bank as disagreements over risk-taking and a struggle to keep pace with competitors spur high-level departures. On Wednesday, Christian Meissner said he’s stepping down as head of the corporate and investment-banking division he led through the tumultuous years after the financial crisis. More executives may follow Meissner’s lead, they said.
Sensible investors years ago could have chosen market leaders like Polaroid, General Motors (NYSE:GM), Sears (NASDAQ:SHLD), and myriad other ‘safe’, seemingly dominant stocks that would go on to stumble badly — or even go bankrupt. It’s far from guaranteed, however, that even torrid growth will produce much in the way of long-term returns relative to the stocks’ current prices.
Bank of America Corp Global Corporate and Investment Banking head Christian Meissner is leaving the bank at the end of the year, according to an internal memo seen by Reuters. Meissner will be replaced ...
Bank stocks have had a rough 2018 so far, but Oppenheimer is expecting strong third quarter earnings reports to spark an upsurge in their share prices, Barron's reports. Banks’ earnings fundamentals are "more solid than any time in the 33 years we have been covering the space, but the perception that the earnings power of these companies is fragile persists," writes Chris Kotowski, senior analyst for large cap banks and brokerage firms at Oppenheimer, as quoted by Barron's. He adds that capital levels are high and loan delinquencies are low, on "altogether better planes than they have ever been before." Another positive is good expense control, with bank expenses up only about 2%, Barron's adds. The KBW Nasdaq Bank Index is trailing the S&P 500 Index (SPX) by a wide margin year-to-date, as are 5 of the 6 largest U.S. banks, Bank of America Corp. ( BAC), Citigroup Inc. ( C), Goldman Sachs Group Inc. ( GS), Morgan Stanley ( MS) and Wells Fargo & Co. ( WFC).
Bank of America Corp. has made substantial inroads into the Twin Cities market as of late after shying away from the area for decades. In 2015, the bank says it was the 80th-largest bank in the Twin Cities based on metro-area deposits. Over roughly the past five years, the bank has built up its local infrastructure and is deploying technology like few, if any, other financial institutions.
Shares of Bank of America Corp. (BAC), a multinational investment bank and financial services company, are up over 2.2% since Monday, Sept. 17. Treasury yields rose on Wednesday, pushing bank stocks higher, helped by positive housing data. Benchmark 10-year U.S. Treasury yields rose above the 3% mark on Tuesday, and the benchmark rose to its highest level in four months on Wednesday.
In a recent note, Bank of America Merrill Lynch Chief Investment Strategist Michael Hartnett analyzed the state of the markets 10 years following financial crisis. Hartnett cited the unique deflationary nature of the bull market, wherein while stocks have risen to record highs, brokerage commissions have fallen to $30 billion from $80 billion since 2000, as outlined by Business Insider. Deflationary assets such as government bonds, US investment-grade bonds, the S&P 500, US consumer discretionary equities, growth stocks and US high-yield credit have outperformed the inflationary group including assets like commodities, Treasury inflation protected securities, developed-market stocks (excluding the US and Canada), US banks, value stocks and cash.
Here are some of the companies with shares expected to trade actively in Thursday’s session. Check back closer to the market open for an updated list. Comcast Corp.—Up 0.3%: British regulators said Comcast and Fox will settle their takeover battle for Sky via an auction starting Friday, a dramatic climax to a lengthy sale process involving some of the world’s biggest media companies.
This has been a pain trade for many institutional and private investors, as expectations of higher interest rates and valuation calls led them to bullish decisions on the banks. On Wednesday, Bank of America (NYSE:BAC) rallied 2.6% as this sector received a bid. Because should longer-term interest rates receive a renewed and sustainable bid, then this sector could quickly wake up and catch up.
Christian Meissner is stepping down as Bank of America’s head of corporate and investment banking in the wake of the bank’s recent loss of market share in the mergers and acquisitions market. Mr Meissner will leave the role at the end of the year and be replaced by Matthew Koder, BofA’s president of Asia-Pacific, according to a memo from Tom Montag, chief operating officer of BofA.
To be excoriated via a private memo purportedly endorsed by dozens of junior staff (and then leaked to media), as occurred to an executive at HSBC? Or told off on a public conference call, as at Bank of America? Late on Wednesday he announced he would leave BofA at the end of the year.
Bank of America Corp. corporate and investment banking head Christian Meissner is leaving the bank, according to an internal memo reviewed by The Wall Street Journal. Mr. Meissner was largely responsible for reshaping the unit following Bank of America’s financial-crisis merger with Merrill Lynch & Co. Mr. Meissner is expected to be replaced by Matthew Koder, who is currently the bank’s Asia-Pacific president, and stay until the end of the year, the memo said.
Bank of America Corp. will pay $30 million as part of a settlement with the Commodity Futures Trading Commission related to charges that the bank tried to manipulate a benchmark for interest-rate products over a span of six years. The CFTC said Wednesday that Bank of America tried to manipulate the U.S. Dollar International Swaps and Derivatives Association Fix, or ISDAfix, to help its own derivatives positions. Bank of America traders, according to the futures regulator, attempted to manipulate rates to benefit specific trading positions and influence reference rates and spreads ahead of the time the final rates were published.
Bank of America Corp. was ordered to pay $30 million in civil penalties on Wednesday for allegations of interest-rate manipulation, according to a press release from the Commodity Futures Trading Commission.
One of the latest fintechs in Silicon Valley is based on a simple idea that appears to have been overlooked by the nation's largest credit card issuers: Focus on the caliber of a startup's VC and angel investors in issuing a corporate credit card.
One of Orlando’s biggest real estate questions — who will backfill 125,000 square feet of space in what is arguably downtown’s most iconic office building — continues to generate speculation inside real estate circles throughout Central Florida. But real estate sources say one company has emerged as a likely contender: Charlotte, N.C.-based Bank of America (NYSE: BAC). It would be a major move for the bank, located inside its eponymous Bank of America Center at 390 N. Orange Ave., to enter the 30-story SunTrust Center, the region's largest multitenant office building. No new tenants have been announced to backfill the space in the SunTrust Center, as Atlanta-based SunTrust Banks Inc. (NYSE: STI) is moving its Orlando headquarters in August 2019 into the $125 million, 28-story SunTrust Plaza at Church Street Station being built by Lincoln Property Co. Bank of America could not immediately be reached for comment for this story, and Jay Dixon, who handles leasing at Bank of America Center and works for CBRE Group Inc. (NYSE: CBRE), declined to comment.