NEW YORK, Jan 13- Executives of big U.S. banks expressed optimism on Friday about the outlook for 2017 in their first public comments about quarterly earnings since the U.S. presidential election in November. Shares of all three banks climbed on Friday morning, with JPMorgan up 1.8 percent at $87.81, Bank of America up 1 percent at $23.14 and Wells Fargo up 2.4...
The Charlotte, N.C.- based lender's earnings surged 47 percent in the quarter through Dec. 31 to $4.34 billion, or 40 cents a share, from $2.95 billion, or 27 cents a share, a year earlier. Excluding items, the bank earned 42 cents per share, beating analysts' average estimate of 38 cents, according to Thomson Reuters I/B/E/S. Although Bank of America's overall revenue...
Also helped by a sharp fall in expenses, net income attributable to shareholders of the No. 2 U.S. bank by assets rose to $4.34 billion in the three months ended Dec. 31 from $2.95 billion a year earlier. Excluding items, the bank earned 42 cents per share, beating the average estimate of 38 cents, according to Thomson Reuters I/B/E/S. Excluding an adjustment, total...
Brian Moynihan, Bank of America's CEO, shared his views on the market and regulatory environment in an interview with CNBC's Wilfred Frost.
Rising interest rates and Trump's pro-growth policies will help major financial institution, Bank of America CEO Brian Moynihan tells CNBC.
CNBC's Wilfred Frost speaks with Brian Moynihan, Bank of America chairman and CEO, about Dodd-Frank and possible deregulation under the Trump administration as well as the prospect for mergers and acquisitions.
The amendment also calls for the chairman and vice chairman of the board to be independent directors, and provides an annual retainer of $250,000 for the chairman and $100,000 for the vice chairman. Investors, including the state treasurers of Connecticut and Illinois, had filed a resolution calling on the bank to require an independent board chair..
NEW YORK, Nov 29- It may be more than a decade before banks see substantial benefits from investments they are now making in new payments technologies, Bank of America Corp Chief Executive Brian Moynihan said on Tuesday. The industry has been investing heavily in digital methods of exchanging money, including a U.S. payments network called Zelle.
Jeff Harte, Sandler O'Neill principal, breaks down Bank of America's quarterly numbers and provides his outlook on the big bank.
Jim Cramer looked ahead as earnings season gets underway.
Jim Cramer spoke with Bank of America CEO Brian Moynihan, who says there is more room for growth in housing.
Jim Cramer spoke with Bank of America CEO Brian Moynihan, who said the company won't need higher rates to grow.
Brian Moynihan told CNBC he knows what it's like to be in the hot seat, a spot that competitor Wells Fargo has found itself in the wake of a fake account scandal.
Bank of America Chairman and CEO Brian Moynihan talks to CNBC's Jim Cramer about investments in technology and mobile.
CEOs aren't alone bringing home giant paychecks from the nation's big banks.
Creeping concerns about the consumer's health might be put to rest if next week's August retail sales report is as good as this banking executive suggests.
The chief executive remains upbeat on the state of consumers, he told CNBC on Thursday.
Bank of America CEO Brian Moynihan spoke with CNBC about a range of topics, including what higher rates could mean for the financial institution.
Bank of America CEO Brian Moynihan comments on North Carolina's new HB2 law, the upcoming presidential election, and regulations.
Bank of America CEO Brian Moynihan discusses the state of the U.S. economy, the quality of loans the bank is giving out and the state of the U.S. consumer.