Bank of America Profits Rise 33% - Wall Street Journal

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

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

(Reuters) - Bank of America reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the lender benefited from higher interest rates and growth in loans and deposits......»»

Wall Street JournalTurkey Takes Action on Strained Economy With Big Rate RiseWall Street JournalISTANBUL—Turkey's central bank sharply raised interest rates Thursday, defying President Recep Tayyip Erdogan's demand t.....»»

A New York-based activist hedge fund has taken a stake in Deutsche Bank AG, betting the German lender’s new chief executive can revive its sagging profits by pursuing a turnaround strategy investors so far have found unconvincing......»»

In local news: Just in time for the busy holiday travel season, The Wall Street Journal is out with its inaugural ranking of the nation's biggest airports based on reliability, value and comfort for passengers — and Charlotte Douglas Internation.....»»

Treasury Secretary Janet Yellen plans to name a Federal Reserve bank regulator, Michael Hsu, as acting comptroller of the currency, the Wall Street Journal reported Wednesday. Hsu currently serves .....»»

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.....»»

Ford Motor Co. is scheduling more downtime at several U.S. factories, including its two major truck plants, as a global shortage of semiconductors upends vehicle manufacturing for car makers in North 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......»»

Turkey’s newly appointed central bank governor sought to reassure markets on Sunday as investors braced for turmoil following the abrupt firing of his predecessor by President Recep Tayyip Erdogan......»»

Shares of Extended Stay America Inc. soared 15.9% toward a 2-year in premarket trading Monday, after The Wall Street Journal reported that the hotel operator has agreed to be acquired by Blackstone Group and Starwoo.....»»

The .....»»

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.....»»

M&T Bank Corp. is nearing a deal to buy People’s United Financial Inc. for more than $7 billion, according to people familiar with the matter, in the latest in a string of regional-bank tie-ups......»»

The Dumbing Down Of America Is Poised To Accelerate Authored by Mike Shedlock via MishTalk, Political correctness demands mediocrity. So expect more of it... The Dumbing Down of America Andrey Kessler at the Wall Street Journal acc.....»»

The extended ban complicates cruise operators’ efforts to restart sailings in North America this year, prolonging their hiatus since voyages came to a halt in March 2020 due to coronavirus outbreaks on ships......»»

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......»»

Banks would be prohibited from refusing to lend or provide other services to entire categories of lawful businesses under a rule a top bank regulator completed Thursday, his last day before stepping down......»»

The ECB move follows a lifting of a ban by the Bank of England last week......»»