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Will March Inflation Data Break Tech Rally"s Back? Why Wall Street"s "Dean Of Valuation" And Gene Munster Are Worried, But Paul Krugman And Other Economists Are Not

Economists generally predict a slight slowdown in the month-over-month inflation rate, with consumer prices and the core reading potentially rising by 0.3% in March compared to 0.4% in February. read more.....»»

Category: blogSource: benzingaApr 10th, 2024

Bank of America smashes forecasts to double profits in 1st-quarter earnings as the US rebound boosts Wall Street

Bank of America's traders reaped rewards from volatile markets, while the US economic rebound helped the bank rele.....»»

Category: personnelSource: nytApr 15th, 2021

Stock market euphoria is within striking distance of flashing a sell signal, Bank of America warns

BofA's contrarian Sell Side Indicator is under a point away from indicating overextended optimism on Wall Street and forecasts tepid returns ahead. Traders work on the floo.....»»

Category: worldSource: nytApr 1st, 2021

Need to Know: Wall Street is pricing in $4 trillion of infrastructure spending. Here are the stocks that could benefit, according to Bank of America.

Industrials and materials will likely be the biggest beneficiaries of an infrastructure bill, along with U.S. small-caps, say strategists at Bank of America......»»

Category: topSource: marketwatchMar 31st, 2021

Why the spiking bond yields driving sharp losses in tech stocks are not a long-term threat to the market, according to one Wall Street chief strategist

"With the economy enjoying a post-pandemic boom,.....»»

Category: topSource: businessinsiderMar 13th, 2021

Wall Street optimism is close to flashing its first sell signal since 2007, Bank of America says

The .....»»

Category: topSource: businessinsiderMar 1st, 2021

Goldman Sachs CEO David Solomon wants more face time; Job cuts are back at Bank of America

Here's this week's top Wall Street news, including the latest hires and exits and how Goldman is thinking about remote work for summer analysts. Hello, readers!Happy Saturday, and welcome to Insider F.....»»

Category: topSource: businessinsiderFeb 27th, 2021

The Wall Street Journal: Bitcoin to come to BNY Mellon, America’s oldest bank

Bank of New York Mellon, the nation’s oldest bank, is making the leap into the market for cryptocurrencies......»»

Category: topSource: marketwatchFeb 11th, 2021

The Wall Street Journal: Parler CEO John Matze says he’s been fired

Parler, a moderation-light social media platform that was forced offline last month by tech giants over how it policed its content, has fired its chief executive......»»

Category: topSource: marketwatchFeb 3rd, 2021

Meet Stephanie Cohen, the Goldman Sachs exec with a Big Tech plan to take on Main Street

See the full list of new Bank of America sales and tradin.....»»

Category: topSource: businessinsiderJan 30th, 2021

The Wall Street Journal: Goldman cuts CEO Solomon’s pay by $10 million over 1MDB scandal

Goldman Sachs Group Inc. slashed Chief Executive David Solomon’s 2020 pay by 36%, punishment for the bank’s admission last year that it broke U.S. laws in its dealings with an investment fund at the heart of a global corruption ring......»»

Category: topSource: marketwatchJan 26th, 2021

Bank of America slashes its S&P 500 target by 16% to the lowest on Wall Street, cites "deepest post-war recession" on record

Lucas J.....»»

Category: topSource: businessinsiderApr 2nd, 2020

Morgan Stanley promises no job cuts in 2020 as coronavirus crisis grows

Morgan Stanley pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to reassure employees worried about their jobs during the coronavirus pandemic......»»

Category: topSource: reutersMar 26th, 2020

Wall Street is seizing on the coronavirus to push the federal government to further roll back regulations

Neil Hall/Reuters Wall Street banks like JPMorgan Chase and Bank of America are seizing on the coronavirus breakout in the US to push the government to further ease regulations they have long want.....»»

Category: topSource: businessinsiderMar 3rd, 2020

JPMorgan names veteran Gori as new Asia Pacific chief executive

JPMorgan Chase & Co on Thursday named veteran Filippo Gori as its new Asia Pacific chief executive officer to oversee strategy and operations of the Wall Street bank across 17 markets in the region......»»

Category: topSource: reutersFeb 26th, 2020

Is That a Robot at My Desk? How to Survive on Wall St

Robots have arrived on Wall Street, and humans need to learn how to work with them. JPMorgan Chase & Co. is rolling out virtual assistants to maintain help desks, track errors and route inquiries. A Bank of America corporate client made a $1.....»»

Category: topSource: washpostFeb 15th, 2020

Shareholder activists test JPMorgan"s Dimon on climate proposals

Shareholder activists focused on climate issues vowed to press proxy battles with JPMorgan Chase & Co after getting a cold reception from the top Wall Street bank, even though Chief Executive Jamie Dimon has vowed to protect the environment......»»

Category: topSource: reutersFeb 12th, 2020

Goldman unveils long-term targets to grow new businesses, revenues

Goldman Sachs Group Inc on Wednesday set aggressive targets to grow many of its businesses, as the Wall Street powerhouse tries to make meaningful inroads in areas dominated by larger rivals JPMorgan Chase and Bank of America.....»»

Category: topSource: reutersJan 29th, 2020

Wall Street skids as virus fears hit tech, travel stocks

Wall Street's main indexes fell more than 1% on Monday as investors worried about the economic fallout of a virus outbreak in China that has prompted the country to extend the Lunar New Year holidays and businesses to close some operations......»»

Category: topSource: reutersJan 27th, 2020

Too big to retire? Wall Street CEOs keep next generation waiting

Jamie Dimon just led JPMorgan Chase & Co. to the best year of any U.S. financial institution in history. Brian Moynihan steered Bank of America Corp. from the brink of ruin to years of profitability.... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkJan 26th, 2020