Bank of America gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees.» Read More
Bank of America Corp. rose$. 10 or. 6 percent, to $16.67. Citigroup Inc. rose$. 26 or. 5 percent, to $52.49. Goldman Sachs rose $1.10 or. 6 percent, to $182.10.
Sept 12- Eli Lilly and Co's Cyramza stomach-cancer drug prolonged survival of patients with advanced colon cancer in a late-stage study, the U.S. drugmaker said on Friday. The 1,000- patient global study, called RAISE, involved patients who had previously failed to adequately benefit from Roche Holding AG's Avastin and other standard treatments.
LONDON, Sept 12- Just as vaccines work by stimulating the body's immune system, last year's selloff may have helped emerging markets build defences against the damage they have suffered during past U.S. rate rise cycles. This week's market moves are rekindling memories of past emerging market crises, after a paper from the San Francisco branch of the U.S.
Some of the names on the move ahead of the open.
JPMorgan Chase said it had not seen any unusual customer fraud related to a recent cyberattack on the bank.
JPMorgan's CEO Jamie Dimon finished his radiation and chemotherapy treatment this week, The Wall Street Journal reported.
Sept 12- JPMorgan Chase& Co said it had not seen any unusual customer fraud related to a recent cyber attack on the bank. Chase customers will not be liable for unauthorized transactions on their account provided they promptly alerted the bank, it said in a filing.
Sept 12- The U.S. Treasury Department is monitoring banks that are shifting some of their trading operations overseas to avoid tough swaps rules in the country, the Wall Street Journal reported, citing a source from the department.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.57. Citigroup Inc. rose$. 40 or. 8 percent, to $52.23. Morgan Stanley rose$. 40 or 1.2 percent, to $34.73.
NEW YORK, Sept 11- U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.
Stocks cut losses to close mixed on Thursday as geopolitical tensions lingered ahead of consumer data.
NEW YORK, Sept 11- U.S. stocks were down slightly in late afternoon trading on Thursday following a decline in biotechnology shares, but gains in financials helped to limit the day's losses. Shares of JPMorgan Chase were up 0.8 percent, while shares of Bank of America were up 1.1 percent, the two biggest positives on the S&P 500..
Bank of America Corp. rose$. 16 or 1.0 percent, to $16.52. Citigroup Inc. rose$. 20 or. 4 percent, to $52.03. Goldman Sachs rose$. 86 or. 5 percent, to $180.73.
Jamie Dimon, who was diagnosed with throat cancer this year, finished his scheduled rounds of radiation and chemotherapy treatment, WSJ reported.
WASHINGTON, Sept 11- The U.S. economy likely grew at a much faster pace in the second quarter than previously estimated, according to data on Thursday that showed a big jump in healthcare spending.
The hedge fund community appears to be salivating over Alibaba, with interest from Leon Cooperman, Dan Loeb and other major players.
Sept 11- JPMorgan Chase& Co CEO Jamie Dimon, who was diagnosed with throat cancer this year, finished his scheduled rounds of radiation and chemotherapy treatment this week, the Wall Street Journal said, citing people familiar with the matter.
Bank of America Corp. rose$. 17 or 1.0 percent, to $16.53. Citigroup Inc. rose$. 27 or. 5 percent, to $52.10. Goldman Sachs rose$. 54 or. 3 percent, to $180.41.
Stocks could stumble if the speculation about the Fed dropping some of the dovishness from its post-meeting statement next week comes true.
* "Considerable time" language under the microscope. A strong run of U.S. economic data has led Fed Chair Janet Yellen and other top officials to acknowledge the possibility they may need to raise rates sooner than they thought just a few months ago, although a surprisingly soft reading on jobs growth in August could provide some breathing room.