Bank of America’s impressive run of margin expansion came to an end last quarter, yet the stock surged on the news. Here’s why.
Shares of Snap Inc. are up 1.3% in Friday morning trading after Bank of America Merrill Lunch analyst Justin Post upgraded the stock to buy from neutral. He said that Wall Street "appears to be...
Data from China showed the world’s largest economy grew at the slowest pace in nearly three decades, and the weaker-than-expected print threatened to take the fizz out of stocks. But U.S. shares...
By Imani Moise (Reuters) - A surge in U.S. mortgage applications has left Bank of America Corp (N:BAC), Wells Fargo & Co (N:WFC) and other large banks scrambling to meet demand, leading to longer...
LONDON (Reuters) - Bank of America Merrill Lynch (NYSE:BAC) said on Friday its market sentiment indicator had risen to a six-week high as investors turned less bearish, encouraged by better equity...
By Scott Murdoch SINGAPORE (Reuters) - Cathay Pacific Airways Ltd (HK:0293) has shelved plans for its first U.S. dollar debt deal in 23 years, the airline said on Friday, after sources told Reuters...
(Bloomberg) -- Growth remains slow, the Brexit saga is far from over and yet, European assets are gaining favor with investors. The reason? There are several, including optimism that a no-deal Brexit...
By Pamela Barbaglia, Gwénaëlle Barzic and Rob Cox LONDON/PARIS/NEW YORK (Reuters) - Several U.S. boutique investment banks are looking to hire senior staff in Paris in the wake of Britain's...
James Shanahan of Edward Jones argues that Bank of America’s shares are undervalued.
By Anirban Sen and Elizabeth Dilts Marshall (Reuters) - Morgan Stanley (N:MS) reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but...
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