Get ready for more market gyrations, but in the long run stocks will rise, strategist Savita Subramanian says as share prices plunge.» Read More
Bank of America Corp. rose$. 02 or. 1 percent, to $15.82. Citigroup Inc. rose$. 07 or. 1 percent, to $52.73. Goldman Sachs rose $2.14 or 1.1 percent, to $197.72.
*Norfolk Southern gives weak outlook, shares fall. NEW YORK, April 14- The Dow and S&P 500 ended higher on Tuesday, helped by energy stocks and March-quarter earnings reports that topped modest expectations following worries about a strong dollar. Norfolk Southern Corp dropped 4.18 percent to $100.49 a day after it forecast a surprise drop in its first-quarter...
U.S. stocks closed mixed on Tuesday as investors digested the first of the major earnings reports and moderate economic data.
While there's much focus on the California drought and farmers, large global companies are managing for climate risks.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Alcoa Inc. rose. 6 percent to $13.37 with 21,751,200 shares traded. Avon Products Inc. rose 14.2 percent to $9.15 with 33,111,100 shares traded.
Bank of America Corp. fell$. 04 or. 3 percent, to $15.76. Citigroup Inc. rose$. 13 or. 2 percent, to $52.79. Goldman Sachs rose $1.92 or 1.0 percent, to $197.50.
WASHINGTON— Federal Reserve releases Beige Book, 2 p.m.. WASHINGTON— National Association of Home Builders releases housing market index for April, 10 a.m.. WASHINGTON— Federal Reserve releases Beige Book, 2 p.m.; Treasury releases international money flows data for February, 4 p.m..
Banks with major trading desks appear poised for positive Q1 results as JPMorgan beats Wall Street's expectations.
Bank of America Corp. rose$. 03 or. 2 percent, to $15.83. Citigroup Inc. fell$. 09 or. 2 percent, to $52.57. Goldman Sachs rose$. 72 or. 4 percent, to $196.30.
NEW YORK— Rising oil prices helped push the stock market mostly higher on Tuesday, but the gains were tiny as investors weighed a mix of encouraging and disappointing earnings reports. A jump in JPMorgan Chase after the bank reported strong first-quarter earnings also helped push the blue-chip index higher. Wells Fargo slumped after reporting that its...
Several high-ranking bankers have left their jobs at major investment banks in the last 13 months amid a surge in U.S. health care deal activity.
JPMorgan Chase& Co and Bank of America have both lost senior healthcare investment bankers to boutique investment bank Guggenheim Partners, showing that banks face challenges in being able to pay competitive rates. Healthcare has been the busiest sector for deals so far this year, fueled by transactions such as Pfizer Inc's $17 billion offer for Hospira Inc...
Bank of America Corp. rose$. 08 or. 5 percent, to $15.80. Citigroup Inc. rose$. 23 or. 4 percent, to $52.66. Goldman Sachs fell$. 06 or percent, to $195.58.
Bank stocks will move as interest rates rise, but how so is a complex question. Here are 9 keys to bank-stock profits as the Fed acts.
Bank of America Corp. rose$. 12 or. 7 percent, to $15.84. Citigroup Inc. rose$. 41 or. 8 percent, to $52.84. Goldman Sachs rose $1.67 or. 9 percent, to $197.31.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 3 percent to $32.88 with 21,977,000 shares traded. Alcoa Inc. rose 1.1 percent to $13.29 with 22,379,800 shares traded.
*Qualcomm rises after investors urge spinoff of unit. *Netflix to raise share authorization in step to split stock. Big banks, including JPMorgan Chase and Bank of America, are due to report results, providing an expected bright spot in an otherwise gloomy first quarter.
*Qualcomm rises after investors urge spinoff of unit. Gains on the Nasdaq outpaced the two other major Wall Street indexes, buoyed by gains in Qualcomm, up 1.6 percent at $70.28, and Apple, up 0.8 percent at $128.16. Activist investor Jana Partners asked chipmaker Qualcomm to consider spinning off its chip unit from its patent-licensing business to boost its...
Bank of America Corp. rose$. 12 or. 7 percent, to $15.84. Citigroup Inc. rose$. 41 or. 8 percent, to $52.84. Goldman Sachs rose$. 78 or. 4 percent, to $196.42.
Investors will get quarterly results from the nation's major banks in the next two weeks, including Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo. Part of the reason for the sharp increase is because Bank of America took a $6 billion charge last year for legal expenses. They got both, "said Nancy Bush, an independent banking...