|Bid||28.47 x 3100|
|Ask||28.48 x 38500|
|Day's Range||28.2600 - 28.9000|
|52 Week Range||22.7300 - 33.0500|
|PE Ratio (TTM)||16.57|
|Earnings Date||Jul 16, 2018|
|Forward Dividend & Yield||0.48 (1.66%)|
|1y Target Est||34.72|
Starting this week, Merrill Lynch clients will be able to use their Merrill Lynch mobile app to scan and send paper documents to their financial advisors using the latest in a series of enhancements to the mobile app designed to make the financial lives of clients easier and more secure.
Bank of America Merrill Lynch has appointed Wadih Boueiz to lead its Global Corporate & Investment Banking coverage of sovereign wealth fund and public pension fund clients, according to an internal memo seen by Reuters. Wadih will report to Diego De Giorgi, head of Global Investment Banking in his new role. Additionally, he will continue in his role as co-head of Corporate & Investment Banking for the Middle East and North Africa and will continue to report to Jim O'Neil.
Analysts seem to prefer those banks that have a focused approach, a leaner balance sheet, and technology investments. Citigroup (C) has received 17 “buys” or “strong buys” out of 29 analysts in June, compared to 16 “buys” in April. Among Citigroup’s major banking peers, Bank of America (BAC) is also commanding favorable ratings with 22 “buys” or “strong buys” out of 30 in June.
It’s a different market than it was at the beginning of 2018. Volatility has returned, even if it remains modest relative to historical levels. Big names like Procter & Gamble (NYSE:PG) and Walmart (NYSE:WMT), among others, have seen precipitous share price declines after record highs.
U.S. stock futures are sharply lower this morning. Trade war rhetoric deepened from President Donald Trump, who promised “more reciprocity by the U.S” if EU trading partners didn’t remove their trade barriers and tariffs. Additionally, Trump is expected to announce curbs on Chinese investment in U.S. technology firms later this week. About 18.3 million calls and 13.7 million puts changed hands on the session.
A handful of Charlotte-area brands are among the nation's "most valuable," according to a newly released annual report from Brand Finance.
(Note:The author of this fundamental analysis is a financial writer and portfolio manager.) Bank of America Corp. ( BAC) stock has posted a solid return over the past year, rising by about 26.5%, more than double the S&P 500's return of 13%.
Can Merrill Lynch, which oversaw $2.75 trillion in client money at the end of last year, really unring the bell on hidden fees at America’s stock brokerages? Just a few months ago, Merrill was trumpeting to the heavens a newfound commitment to putting its customers first. “Our clients are the most important part of our business, so we put their goals at the center of the critical decisions we make each day.
NEW YORK, NY / ACCESSWIRE / June 22, 2018 / Major U.S. markets closed down on Thursday, with the Dow Jones posting its 8th consecutive daily decline, as investors' attention remained fixed on trade tension ...
Declining Treasury yields are chasing investors from some exchange traded funds tracking financial services stocks, including the iShares U.S. Financial Services ETF (IYG) . The $1.87 billion IYG recently turned 18 years old and tracks the Dow Jones U.S. Financial Services Index. Earlier this year, financials were also propped up by a rise in bond yields as higher interest rates typically widen the margin spread between bank loans and deposits.
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Over the past 10 years, Bank ofRead More...
The " Fast Money " traders shared their first moves for the market open. Pete Najarian was a buyer of Facebook FB . Karen Finerman was a buyer of Bank of America BAC . Dan Nathan was a buyer of the Financials ETF .
Millennials are getting major FOMO from the cash sharing app Venmo. Yahoo Finance's Seana Smith, Andy Serwer, Julia LaRoche and Dan Howley discuss the New York Post's report on the cause of their anxiety.
CNBC's Wilfred Frost looks at the results of the latest bank stress test. Is it time to bank on the financials? With CNBC's Melissa Lee and the Fast Money traders, Dan Nathan, Karen Finerman, Brian Kelly and Guy Adami.