Tag: Bank of America
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The one big bank that had a challenging week
Investors cheered earnings from many of the biggest banks this past week, with one notable exception: Citigroup.The stock of the nation’s third-largest lender fell...
The stock market has flashed a sell signal not seen since February 2021, Bank of America says
A contrarian sell signal recently flashed in the stock market, according to Bank of America.The drop below 4% in cash allocations suggests aggressive stock...
Tech is leading markets higher — but 3 other sectors have joined in: Morning Brief
This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with:There's no doubt...
Stock market today: Indexes fall from records as chip rout drags tech shares lower
A sell-off in semiconductors pulled stock indexes away from record highs.The rout was led by Dutch chip firm ASML, which shed 17% on Tuesday.The...
Bank of America Q3 Earnings: Profit Drops 12% On Loan Loss Provisions, Investment Banking Fees Soar 18%
Bank of America Corp (NYSE:BAC) reported a third-quarter fiscal 2024 net income of $6.9 billion and EPS of $0.81, beating the analyst consensus estimate of $0.77....