Bank of America Corp


  • Dec 9- Bank of America Corp and Citigroup Inc said they expected weaker trading revenue in the fourth quarter. BofA's sales and trading revenue are expected to fall from both the third quarter and a year earlier, the bank said in a presentation at an investor conference in New York on Tuesday. Citigroup's market revenue will fall about 5 percent, Chief Executive...

  • Early Glance: Banks companies Tuesday, 9 Dec 2014 | 10:21 AM ET

    Bank of America Corp. fell$. 21 or 1.2 percent, to $17.46. Citigroup Inc. fell$. 28 or. 5 percent, to $56.09. Goldman Sachs fell $1.95 or 1.0 percent, to $194.67.

  • Fed proposing big US banks boost capital cushions Tuesday, 9 Dec 2014 | 3:01 AM ET

    WASHINGTON— Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses. The banks include JPMorgan Chase, Citigroup and Bank of America. The Fed governors voted 5-0 at a meeting Tuesday to advance the so-called "capital surcharges," opening them to...

  • Final Glance: Banks companies Monday, 8 Dec 2014 | 6:02 PM ET

    Bank of America Corp. fell$. 02 or. 1 percent, to $17.66. Citigroup Inc. rose$. 29 or. 5 percent, to $56.37. Goldman Sachs rose $1.17 or. 6 percent, to $196.62.

  • Banks charging businesses fees a 'bad idea': Pro Monday, 8 Dec 2014 | 4:36 PM ET
    The headquarters of JP Morgan Chase on Park Avenue in New York.

    New bank fees for some business deposits are a really bad idea, Kroll Bond Rating Agency's Chris Whalen said.

  • Most active New York Stock Exchange-traded stocks Monday, 8 Dec 2014 | 1:20 PM ET

    NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. fell 3.0 percent to $2.58 with 25,345,000 shares traded. Alcoa Inc. fell 3.9 percent to $16.29 with 21,773,500 shares traded.

  • Midday Glance: Banks companies Monday, 8 Dec 2014 | 1:20 PM ET

    Bank of America Corp. rose$. 01 or percent, to $17.68. Citigroup Inc. rose$. 28 or. 5 percent, to $56.36. Goldman Sachs rose $1.09 or. 6 percent, to $196.54.

  • Banks don't want these clients' cash: Report Monday, 8 Dec 2014 | 10:34 AM ET
    File photo: A woman leaves JP Morgan Chase & Company headquarters in New York, August 14, 2013

    New government rules make extra cash a burden for banks, which have urged major clients to take their deposits elsewhere or face fees, the WSJ said.

  • Early Glance: Banks companies Monday, 8 Dec 2014 | 10:22 AM ET

    Bank of America Corp. fell$. 04 or. 2 percent, to $17.64. Citigroup Inc. rose$. 05 or. 1 percent, to $56.13. Goldman Sachs rose $1.12 or. 6 percent, to $196.57.

  • Boutrous represented the world's largest retailer, Wal-Mart, in one of the most anticipated business cases in years. Gibson Dunn is not the only law firm to turn Supreme Court appearances into gold. After the firm Sidley Austin won a Supreme Court patent case for eBay, it earned at least $10 million in unrelated legal fees from the online retailer, say people with...

  • WASHINGTON, Dec 8- About 30 seconds into an appearance before the U.S. Supreme Court this fall, lawyer Paul Clement was interrupted by a question. It came from Justice Elena Kagan, and it cut to the heart of his case. The exchange illustrates the familiarity that distinguishes a handful of lawyers from more than a thousand other attorneys who have appeared before...

  • *Nov jobs report comes in well ahead of expectations. NEW YORK, Dec 5- The Dow and S&P 500 closed a seventh straight weekly advance on Friday as a better-than-expected jobs report indicated strong economic growth, but perhaps to the point where interest rates could rise sooner than previously anticipated. Ronald Sanchez, chief investment officer of Fiduciary...

  • *Nov jobs report comes in well ahead of expectations. NEW YORK, Dec 5- U.S. stocks rose on Friday, with the Dow and S&P 500 on track for their seventh straight weekly advance after the November jobs report came in much stronger than anticipated, boosting banks and other sectors tied to the pace of growth. Bank of America rose 2.8 percent to $17.70 while Goldman Sachs was...

  • 4 dirty secrets for making friends on Wall Street Friday, 5 Dec 2014 | 12:55 PM ET

    Wall Street is a dog-eat-dog world. Here are four dirty secrets for making friends from ex-trader Raj Mahal.

  • JPMorgan continues run as top investment bank Friday, 5 Dec 2014 | 7:48 AM ET
    JPMorgan Chase headquarters in New York.

    JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, with revenue of $17.1 billion year-to-date.

  • You won't believe how much pop-up shops make Friday, 5 Dec 2014 | 7:00 AM ET
    Shoppers browse the various Holiday shops in Bryant Park, New York City.

    While the retail spaces are small and temporary, pop-up shops are popular and can rake in big bucks during the key holiday shopping season.

  • The new millennial investing strategy Thursday, 4 Dec 2014 | 1:40 PM ET
    Acorns app on a mobile phone

    A penny saved can truly be a penny earned. New start-ups Acorns and Wherewithal pitch consumers on micro-investing.

  • Sorry, Iran—lower oil prices are a win for America Wednesday, 3 Dec 2014 | 10:48 AM ET
    The U.S. flag is displayed at Tesoro's oil refinery in Los Angeles, Calif.

    Americans really need to stop feeling bad for countries like Iran over lower prices, says hedge-fund manager Todd Schoenberger. It's a win for America!

  • Treasuries fell on Tuesday, with prices pressured by a Wall Street rally and institutional investors readying for a $6 billion corporate bond deal from leading retailer Amazon. "Today was primarily about the rebound in equity prices," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut. "There is a lot of corporate issuance...

  • Symphony Communications buys Markit's chat service Tuesday, 2 Dec 2014 | 1:19 PM ET

    Dec 2- Symphony Communication Services LLC, a financial industry instant messaging company backed by Goldman Sachs Group Inc and other big banks, said it bought the open messaging business of financial information provider Markit Ltd.. Goldman led a group of 14 banks including Bank of America Corp, Citigroup Inc and JPMorgan Chase& Co in making a $66 million...