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David Solomon wants more face time - Cuts are back at BoA -BlackRock teams up with Snowflake
The top finance news of the week of Feb. 22: job cuts at Bank of America, Goldman Sachs CEO on return to office, BlackRock teams up with Snowflake. Hello, readers!Happy Saturday, and welcome to Insider Finance. Here's a rundown of the must-know stor.....»»
Job cuts return at Bank of America - Working for Cathie Wood - Inside Coinbase"s IPO
The top finance stories for February 26, inclu.....»»
Bank of America traders feel pressure to come into the office
Some employees at Bank of America’s New York headquarters say they fear pay cuts or job loss if they don’t show up and make money......»»
Bank of America cuts Brazil 2020 GDP forecast to -3.5% from -0.5%: report
Bank of America on Thursday cut its 2020 forecast for Brazil's gross domestic product (GDP) to a 3.5% contraction from a 0.5% fall, it said in a report, citing the strong impact on consumption and investment stemming amid the coronavirus pandemic......»»
BJ"s Wholesale downgraded as merchandise cuts put same-store sales at risk
BJ's Wholesale Club Holdings Inc. was downgraded to neutral from buy at Bank of America on concern that the retailer's effort to streamline merchandise by cutting the number of items in some categories could disrupt same-store sale.....»»
Steven Romick Exits Mylan, Cuts Bank of America
Guru's largest existing-position sales of the 4th quarterCheck out Steven Romick Stock Picks » Download GuruFolio Report of Steven Romick (Updated on 01/19/2020)Related Stocks: MYL, BAC, C, LPLA, UTX, ARNC, BIDU, CHTR, MHK,.....»»
Bank of America profit slips as Fed slashes interest rates
Interest-rate cuts have lowered revenue for lenders across the country......»»
Cisco"s stock falls after Bank of America cuts rating, price target
Shares of Cisco Systems Inc. slid 1.1% in morning trading Wednesday, after Bank of America Merrill Lynch downgraded.....»»
Bank Of America Cuts Boeing Price Target, Expects 737 Max To Fly Again No Sooner Than May
Boeing Co (NYSE: BA)'s pause of 737 Max production led Bank of America to shave $10 from its price target on the stock Monday. Latest Rating.....»»
Bank of America puts investments over cost cuts as "operating leverage" fades
For the first time in nearly five years, Bank of America Corp did not rely on cost cuts to amplify profits – the latest sign of big U.S. banks prioritizing investments in their businesses over short-term gains......»»
Bank Of America Cuts Square Target Due To Questions About 2020 Guidance
Square Inc (NYSE: SQ) has taken a pounding in recent weeks and is now down 32% overall in the past year. Despite some impressive growth potential, one analyst said Wednesday slowing revenue trends and rising competition are keepin.....»»
Bank Of America Cuts Steel Earnings Estimates Across The Board
Bank of America has cut its forecast for U.S. steel prices and dialed back its earnings expectations for American steel sto.....»»
Fed Rate Cuts Will Pressure Regions Financial, BofA Says In Move To Sidelines
The Fed is expected to announce three rate cuts through 2020, which could result in decelerating EPS growth at Regions Financial Corp (NYSE: RF), according to Bank of America Mer.....»»
Bank of America cuts business ties with detention centers, private prisons
The move comes as corporate giants wrestle with whether to cash in on business opportunities tied to President Trump’s immigration policies or to distance themselves amid increasing public pressure......»»
Brian Moynihan: No Fed Rate Cuts This Year
Bank of America CEO Brian Moynihan tells Fox Business NetworkR.....»»
Despite price cuts, Whole Foods is still most expensive
Whole Foods is still the most expensive place to grocery shop despite parent company Amazon making multiple price cuts since purchasing the chain, according to a new study by Bank of America Merrill Lynch. Amazon announced the latest price reductions a.....»»
BoA: Whole Foods still pricier than other grocery chains
Whole Foods Market is still the most expensive mainstream chain for grocery shopping despite parent company Amazon.com Inc. making multiple price cuts since purchasing the chain in 2017, according to a new study by Bank of America Merrill Lynch. Amazon .....»»
Bank of America profit tops estimates on growing loan book
Bank of America Corp reported a better-than-expected rise in quarterly profit on Tuesday, as a growing loan book and cost cuts made up for a drop in revenue in investment banking......»»
The Big Banks Are Reporting Record Profits Thanks in Part to President Trump’s Tax Cuts
J.P. Morgan and Bank of America both reported record first-quarter profits. America’s biggest banks are reporting record profits - thanks to a roaring economy and President Donald Trump’s tax cuts. Here’.....»»
Bank of America hauls in biggest profit ever
Bank of America is minting money thanks to tax cuts, turbulent markets and the stronger economy......»»