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Bank of America Set to Report Earnings as High Interest Rates Cut Both Ways
barrons.com/articles/bank-of-america-earnings-preview-b4d97283
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First Fed Rate Cut Won’t Come Until December, Deutsche Bank Says: Economists at Deutsche Bank AG and Bank of America Corp. joined the growing crowd of ...
bloomberg.com/news/articles/2024-04-11/first-fed-rate-cut-won-t-come-until-december-deutsche-bank-says
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Fed rate cuts: Best-case scenario in tatters after hot March inflation: Not only are the number of rate cuts dwindling among bank forecasts, but Larry Summers ...
markets.businessinsider.com/news/stocks/fed-rate-cuts-outlook-inflation-rate-cpi-stock-market-economy-2024-4
Reserve Bank set to update interest rate outlook as oil prices spike: Business & Investing: The price of a barrel of oil surged above US$90 a barrel for the ...
newsroom.co.nz/2024/04/08/reserve-bank-set-to-update-interest-rate-outlook-as-oil-prices-spike/
Strong economy can be double-edged sword for Biden if rates stay high: Higher inflation could lead the Federal Reserve to keep interest rates — and mortgage ...
washingtonpost.com/business/2024/04/13/biden-inflation-federal-reserve/
Quick Glance: Biden's New Perspective on Inflation: Trump Would Be Worse
- The White House warns that inflation would worsen if Trump is re-elected as a strategy to sway voters.
- March's inflation increase surpassed expectations, undermining Biden's claim of lowering prices.
- Rising oil prices due to geopolitical tensions could lead to higher gas prices, a concern for the White House.
- Biden emphasizes fighting inflation as top priority while experts debate the impact of his economic stimulus packages.
Savita Subramanian (BofA) Thinks US Stocks (SPX) Can Go Even Higher: Plus, how to know we're in a bubble.
bloomberg.com/news/articles/2024-04-04/savita-subramanian-bofa-thinks-us-stocks-spx-can-go-even-higher
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Wall St slips after big bank earnings: U.S. stocks sold off on Friday after major U.S. banks' results failed to impress, capping a week marked by market-moving ...
reuters.com/markets/us/futures-steady-ahead-big-bank-earnings-2024-04-12/
JPMorgan Chase is set to report first-quarter earnings — here’s what the Street expects
cnbc.com/2024/04/12/jpmorgan-chase-jpm-earnings-q1-2024.html
A growing number of investors believe the US economy is headed for a "no landing" scenario, in which inflation doesn't reach the Fed's 2% target ... Show more finance.yahoo.com/news/investors-increasingly-expect-no-landing-for-us-economy-123944030.html
Wells Fargo has worn its dunce cap long enough: The problem child of U.S. banking has been sitting on the naughty step for six long years ...
reuters.com/breakingviews/wells-fargo-has-worn-its-dunce-cap-long-enough-2024-04-18/
Japanese Yen (JPY/USD) Seen Plunging to 160 Per Dollar If Fed Delays Cuts: BofA: The yen could slide to hit 160 per dollar unless the Federal Reserve cuts ...
bloomberg.com/news/articles/2024-04-02/bofa-sees-yen-plunging-to-160-per-dollar-if-fed-delays-cuts
Paid articlePaid USDMXN: Mexican Peso's Rally Is Set to Lose Steam, Bartosz Sawicki Says: The world’s best currency rally is set to peter out as Mexico’s central bank begins ...
bloomberg.com/news/articles/2024-04-04/top-mexico-peso-forecaster-sees-world-beating-rally-losing-steam
Paid articlePaid Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025
cnbc.com/2024/04/17/wall-street-pushes-out-rate-cut-expectations-sees-risk-of-no-action-until-2025.html
Goldman Sachs should split CEO and chairman roles, proxy adviser ISS says: Goldman Sachs should separate the CEO and chairman roles currently held by David ...
reuters.com/business/finance/proxy-adviser-iss-backs-call-independent-board-chair-goldman-sachs-2024-04-03/
Citi (C) Holds Call for 125 Basis Points of Fed Rate-Cuts in 2024: Economists at Citigroup Inc. are going out on a limb by wagering that virtually everyone on ...
bloomberg.com/news/articles/2024-04-17/citigroup-says-wall-street-is-wrong-to-slash-fed-rate-cut-bets
'Net interest income' has Wall Street worried right now. Here's what it is and why it matters
qz.com/net-interest-income-nii-bank-earnings-fed-interest-rate-1851416810
Tax deadline is pivotal for funding markets, Fed's balance sheet: The annual rush to pay Uncle Sam tends to suck hundreds of billions of dollars from the banking ...
accountingtoday.com/articles/tax-deadline-is-pivotal-for-funding-markets-feds-balance-sheet
Next Fed rate cut could be delayed to March 2025 if PCE inflation stays high: The US central bank might have to wait nearly another year before easing policy if ...
businessinsider.com/next-fed-interest-rate-cuts-outlook-march-2025-pce-inflation-2024-4
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The Hidden Win For Merchants–And Their Loyal Customers–In The Visa-Mastercard Settlement
forbes.com/sites/emilymason/2024/04/03/the-hidden-win-for-merchantsand-their-loyal-customersin-the-visa-mastercard-settlement/
Paid articlePaid Wall Street is watching the Fed 'way too much,' Bank of America's CEO says: Brian Moynihan said the Federal Reserves interest rate hikes have been a “huge ...
qz.com/bank-of-america-brian-moynihan-federal-reserve-rates-1851415600
Volatility uncorked as U.S. solo surge unleashes dollar: An almost eerie period of low financial market volatility appears to be ending
theglobeandmail.com/investing/article-volatility-uncorked-as-us-solo-surge-unleashes-dollar/
Brazilian Stocks Continue Downward Amid Fiscal Revisions and Global Tensions: For the fifth consecutive session, the Brazilian stock market recorded a decline ...
riotimesonline.com/brazilian-stocks-continue-downward-amid-fiscal-revisions-and-global-tensions/
Inflation Upends Fed's Plans: When Do Wall Street Analysts Expect First Interest Rate Cut?
benzinga.com/analyst-ratings/analyst-color/24/04/38212196/inflation-upends-feds-plans-when-do-wall-street-analysts-expect-first-interest-rate
Reporting season is in the starting blocks - what investors can expect: US banks face difficult reporting season with real estate and bond losses.
deraktionaer.de/artikel/aktien/berichtssaison-steht-in-den-startloechern-das-erwartet-anleger-20355022.html
Bank of America: Why I Am Going All-In Now (Technical Analysis): Bank of America is expected to exceed profit estimates in Q124 due to a favorable economic and ...
seekingalpha.com/article/4683252-bank-of-america-why-i-am-going-all-in-now-technical-analysis
Paid articlePaid Shifting Tides in Brazil’s Trade Balance: Bank of America predicts a slowdown from the record trade surplus of 2023 to a higher current account deficit.
riotimesonline.com/shifting-tides-in-brazils-trade-balance/
Dollar Dips Following Powell’s Remarks and U.S. Data: This Wednesday, the US dollar experienced a downturn, largely due to remarks from Federal Reserve Chair ...
riotimesonline.com/dollar-dips-following-powells-remarks-and-u-s-data/
Gold Climbs to Record Highs: Today, gold reached a record $2,290 per ounce, driven by global uncertainties, anticipated U.S. rate cuts ...
riotimesonline.com/gold-climbs-to-record-highs/
Navy Federal contract with Department of Defense is live: The $171 billion-asset Navy Federal Credit Union began operating roughly 60 locations and more than 270 ...
americanbanker.com/creditunions/news/navy-federal-contract-with-department-of-defense-is-live
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Behind DEI’s rise and fall: Companies are backing away from DEI amid criticism.
axios.com/2024/04/02/dei-backlash-diversity
BofA Joins Swiss-Franc Bears Predicting Parity After Rate Shock: Bank of America strategists are predicting parity for the Swiss franc against the euro this year ...
bloomberg.com/news/articles/2024-03-28/bofa-joins-swiss-franc-bears-predicting-parity-after-rate-shock
Paid articlePaid Boeing needs "drastic cultural overhaul," analyst says: Boeing will once again reset its leadership in the wake of safety issues.
axios.com/2024/03/25/boeing-ceo-calhoun-culture-change
Quick Glance: Implications of Boeing CEO's Resignation on Aircraft Manufacturer
- Dave Calhoun, the CEO of Boeing, is set to resign by the end of the year, with additional top executives leaving the company amidst safety concerns tarnishing its reputation following an incident involving an Alaska Airlines 737 Max in January.
- It is emphasized that most Boeing aircraft remain safe, but only time will reveal whether the restructuring in the corporate leadership leads to tangible positive changes.
- Implementing a cultural shift in a vast company like Boeing can prove to be a complex task, particularly for the incoming CEO tasked with rebuilding the company's image.
- Despite thorough investigations and changes at the helm of Boeing, it is crucial to highlight that the company's airplanes are safe and continue to be maintained by dedicated professionals to ensure safety in the aviation industry.
BofA Says US Stocks Suffer Big Outflows in Runup to Fed Meeting: US stocks saw hefty outflows in the runup to the Federal Reserve’s policy meeting that took the ...
bloomberg.com/news/articles/2024-03-22/bofa-says-us-stocks-suffer-big-outflows-in-runup-to-fed-meeting
Paid articlePaid US Stocks See Record Inflows as Investors Dismiss Stagflation: Investors are dismissing the risk of stagflation, sending record flows into US equities ...
bloomberg.com/news/articles/2024-03-15/us-stocks-see-record-inflows-as-investors-dismiss-stagflation
Paid articlePaid -BOJ decision
-US housing
-Bloomberg's Surveillance at BofA
Here's what to watch tomorrow www.bloomberg.com/markets
Bank of America Bullishness Defies Doomsayers Ahead of the Fed: Restrictive monetary policy? Financial conditions show otherwise, Mark Cabana says
bloomberg.com/news/newsletters/2024-03-19/bank-of-america-bullishness-defies-doomsayers-ahead-of-the-fed
The Bank of Japan just made a historic rate pivot. Here's what could happen next: The decision Tuesday sparked a sharp selloff in the Japanese yen ...
cnbc.com/2024/03/19/boj-bank-of-japan-historic-pivot-interest-rate-hike.html
Quick Glance: Fate of BOJ's Stimulus Tools Revealed
- The Bank of Japan ended eight years of negative interest rates and other unorthodox measures to boost growth. Details on changes to the stimulating tools were disclosed.
- The negative interest rate policy was lifted, and the bank now pays a 0.1% interest rate on excess reserves to withdraw money from the economy.
- Yield curve control was dismantled, but the bank will continue to buy bonds and intervene with larger purchases if bond yields rise rapidly.
- The purchase of risky assets like ETFs and REITs was discontinued, and the commitment to maintain massive stimulus was withdrawn to reassure the market.
10 bank stocks to buy before the Federal Reserve cuts rates: BofA: Bank stocks have crushed the market in 2024. Here are 10 stocks worth investing in before the ...
businessinsider.com/bank-stocks-to-buy-interest-rate-cuts-federal-reserve-bofa-2024-3
Paid articlePaid After Bank of Japan ended eight years of extraordinary stimulus measures with its first rate hike since 2007, Japan's Nikkei share average hit a record high ... Show more www.reuters.com/markets/asia/japan-shares-scale-record-high-yen-rebounds-fed-out-doves-boj-2024-03-21/
In the Market: Fed piloting another tricky soft-landing: The Fed is close to delivering a rare soft landing for the U.S. economy but it faces yet another fraught ...
reuters.com/markets/us/market-fed-piloting-another-tricky-soft-landing-2024-03-28/
CNBC Daily Open: The last leg of inflation fight remains tough: The final leg of the inflation fight is proving to be difficult for the Fed.
cnbc.com/2024/03/20/cnbc-daily-open-the-last-leg-of-inflation-fight-remains-tough.html
Should you stop writing checks? Banks wish you would to thwart fraud: Consumers can run into massive headaches when criminals engage in check fraud ...
freep.com/story/money/personal-finance/susan-tompor/2024/03/28/check-fraud-surge-bad-checks/73091885007/
CNBC Daily Open: U.S. consumer sentiment stays steady: American consumer sentiment seems to be holding steady even as inflation concerns linger.
cnbc.com/2024/03/19/cnbc-daily-open-us-consumer-sentiment-stays-steady.html
Big Brother, Big Banks censorship collusion should concern every American: We cannot continue to let law enforcement, regulators and banks that are too big to ...
thehill.com/opinion/4538614-big-brother-big-banks-censorship-collusion-should-concern-every-american/
China Stocks See Largest Weekly Outflow Since October, Says BofA: Chinese stock funds saw the largest weekly outflow since October, as the government seeks to ...
bloomberg.com/news/articles/2024-03-01/china-stocks-see-largest-weekly-outflow-since-october-says-bofa
Wall Street’s diversity retreat has officially begun: Goldman Sachs Group Inc. has made a surprising change to its “Possibilities Summit” for black college ...
dailymaverick.co.za/article/2024-03-04-wall-streets-diversity-retreat-has-officially-begun/
Stock Market Crash: Bank of America Shares 4 Signs Bubble is Forming: "We're not too far from it," says Michael Hartnett on the Fed bursting a stock market ...
businessinsider.com/stock-market-crash-signs-bubble-sp500-bank-of-america-hartnett-2024-3
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New 'Junk Fee' Rule Caps Credit Card Late Fees At $8: The CFPB finalizes a credit card late fee rule expected to save customers $10 billion a year ...
kiplinger.com/personal-finance/banking/junk-fee-rule-caps-credit-card-late-fees
Bank of America CEO Brian Moynihan warns Jerome Powell: Be ‘mindful’ of relying on consumers to prop up the economy, because they’re beginning to burn out
fortune.com/2024/03/20/bank-of-america-ceo-brian-moynihan-consumer-burn-out-mindful-fed/
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Trump gave top US firms staggering tax cuts, with some paying $0 or less – report
theguardian.com/business/2024/feb/29/trump-tax-cuts-us-companies
5 tax strategies for portfolios as $34T of US debt pushes taxes higher: The end-game to America's $34 trillion pile of debt is either higher taxes or higher ...
businessinsider.com/tax-portfolio-strategies-with-us-government-debt-pile-34-trillion-2024-3
Paid articlePaid Companies Scramble to Reduce Expectations as Stocks Ignore Risks: Corporate America is working hard to keep the stock market from falling victim to high ...
bloomberg.com/news/articles/2024-02-18/companies-scramble-to-reduce-expectations-as-stocks-ignore-risks
BofA to Add Headcount, Expand Scope for Transition Business: Bank of America Corp. plans to expand the scope of its commodity energy transition business ...
bloomberg.com/news/articles/2024-03-11/bofa-to-add-headcount-expand-scope-for-transition-business
US 'debt debasement' trade ramping up amid big pace of spending: BofA: The US is taking out another $1 trillion in debt every 100 days, Bank of America ...
markets.businessinsider.com/news/bonds/us-debt-levels-fed-print-money-debasement-bank-of-america-2024-3
Regulators want to slash credit card late fees to $8 from $32 average: Bankers say an $8 late fee on credit cards would be 'far below banks' actual costs ...
freep.com/story/money/personal-finance/susan-tompor/2024/03/05/credit-card-late-fees-reduced-8/72849039007/
Quick Glance: Biden Sets Cap on Credit Card Fees
- The Biden administration has decided to cap all credit card fees, estimated to save Americans up to $10 billion a year.
- The Consumer Financial Protection Bureau's new regulations aim to reduce the average credit card fee from $32 to $8.
- Biden's efforts could eliminate a total of $20 billion in annual junk fees, including capping overdraft fees at $3.
- The Biden administration's economic leadership approval stands at 34% among U.S. adults, reflecting potential impacts of these measures.
Exclusive: US regulators expected to significantly reduce Basel capital burden: U.S. regulators are expected to significantly reduce the extra capital banks must ...
reuters.com/markets/us/us-regulators-expected-significantly-reduce-basel-capital-burden-sources-say-2024-03-06/
$BAC $SBUX | Interested In Cash Back And Rewards? Bank of America And Starbucks Launch Loyalty PartnershipBank of America Corporation and Starbucks ... Show more
Yen’s Historic Decline Triggers Intervention Speculation: After the Bank of Japan (BOJ) moved away from its negative interest rate policy ...
riotimesonline.com/yens-historic-decline-triggers-intervention-speculation/
Quick Glance: Japanese Authorities Address Weakening Yen, Signal Intervention
- Masato Kanda, vice finance minister for international affairs, mentions Japan's readiness to respond to disorderly FX moves.
- Japan's three main monetary authorities held an emergency meeting to discuss the weakening yen and indicated willingness to intervene to stop speculative currency market moves.
- Amid the yen falling to a 34-year low against the dollar, urgency was emphasized by the Bank of Japan, Finance Ministry, and Financial Services Agency to stabilize the yen.
- A weaker yen raises Japanese import costs, fuels inflation, and increases the cost of living.
Bank of America's (BAC) Financial Stress Indicator Hits Lowest Since 2021: Remember, this wasn’t supposed to happen.
bloomberg.com/news/articles/2024-02-16/-peak-euphoria-warning-blares-as-stress-vanishes-on-wall-street
Bank of Japan may exit its negative rate policy next week. Here's what you need to know
cnbc.com/2024/03/13/bank-of-japan-boj-may-exit-negative-rates-next-week.html
Ex-FDIC Chair Sheila Bair says it’s wrong for regulators to ‘discourage’ regional bank mergers
marketwatch.com/story/ex-fdic-chair-sheila-bair-says-its-wrong-for-regulators-to-discourage-regional-bank-mergers-d03db057
Why Japan’s big rate hike was a resounding dud: TOKYO – Central bank rate moves rarely get metaphysical. But the way global markets ignored the Bank of Japan’s ...
asiatimes.com/2024/03/why-japans-big-rate-hike-was-a-resounding-dud/
Money Markets Show Impact of ECB’s Liquidity Drain, BofA Says: The European Central Bank’s drive to mop up trillions of euros in excess liquidity is already ...
bloomberg.com/news/articles/2024-02-13/money-markets-show-impact-of-ecb-s-liquidity-drain-bofa-says
Paid articlePaid US Stock Market: Risk Is To The Upside, Says BofA's Subramanian: Bank of America’s Savita Subramanian says an inadequate degree of bullishness poses a risk ...
bloomberg.com/news/newsletters/2024-02-05/us-stock-market-risk-is-to-the-upside-says-bofa-s-subramanian
Morgan Stanley, UBS and Bank of America have some of the biggest gender pay gaps in Australia: on.ft.com/48zAWWV
Citigroup has been asked by US regulators to change how it assesses the risk of partners in trading. The bank's auditors said that more work was needed in at ... Show more reut.rs/3uv3Md6
BofA, Lockheed Hire Mostly College Grads Despite Dropping Degree Requirements: Many employers still give jobs to college-educated workers even when a degree ...
bloomberg.com/news/articles/2024-02-14/bofa-lockheed-hire-mostly-college-grads-despite-dropping-degree-requirements
Paid articlePaid Wells Fargo Stock Jumps As Fake Account Scandal Consent Order Ends: The bank made sufficient improvements to guard against customer harm, regulators said
forbes.com/sites/tylerroush/2024/02/15/wells-fargo-stock-jumps-as-fake-account-scandal-consent-order-ends/
Markets Brief: Why You Should Watch the Dot Plots at the Fed’s March Meeting: Will the Fed signal an interest-rate cut in June, but with fewer to follow?
morningstar.com/economy/markets-brief-why-you-should-watch-dot-plots-feds-march-meeting
News from the financial center: Thomas Rosenfeld fails on his way to the top of Castell Bank
faz.net/aktuell/finanzen/neues-vom-finanzplatz-thomas-rosenfeld-scheitert-in-der-castell-bank-19589543.html
From cybersecurity to failed mergers, 5 challenges facing banks and credit unions
americanbanker.com/list/how-banks-credit-unions-manage-cybersecurity-and-other-risks
A second month of sticky inflation: And more on JPMorgan’s dominance
ft.com/content/7cc1d860-8602-4c56-b2c5-fc22e03f3d91
Paid articlePaid US regional bank turmoil pushes Blue Ridge to quit UN-backed climate group: Blue Ridge Bankshares (BRBS.A) has become the first U.S. lender to quit the United ...
reuters.com/sustainability/climate-energy/us-regional-bank-turmoil-pushes-blue-ridge-quit-un-backed-climate-group-2024-02-05/
BofA’s Hartnett Says Stock Rally Close to Triggering Sell Signal: A speedy rally that sent US stocks on a record-setting spree is now close to triggering several ...
bloomberg.com/news/articles/2024-02-09/bofa-s-hartnett-says-stock-rally-about-to-trigger-sell-signals
Paid articlePaid Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year
cnbc.com/2024/02/09/jpmorgan-chase-wells-fargo-cut-overdraft-revenue-to-2-billion-in-2023.html
'A CLEAR PICTURE': Thousands of businesses are making moves to escape high-tax burdens. Experts detail why the trend may only continue. trib.al/bjPpUvz
Bank of America’s Merrill, Wells Fargo (WFC) Offer Bitcoin ETFs to Some Clients: Bank of America Corp.’s Merrill arm and Wells Fargo & Co.’s brokerage unit ...
bloomberg.com/news/articles/2024-02-29/bofa-s-merrill-wells-fargo-offer-bitcoin-etf-products-for-clients
Quick Glance: Bitcoin Surpasses $60,000, Approaching All-Time High
- Bitcoin has crossed the $60,000 mark, inching closer to its all-time high and maintaining its upward trajectory after the green light was given for a new investment option linked to the cryptocurrency.
- According to AFP, as of 1325 GMT on Wednesday, bitcoin was trading around $60,301, edging towards its all-time high of $68,991 recorded in November 2021, a level that some analysts believe could soon be revisited.
- The recent surge in the cryptocurrency's value can be attributed partly to US securities regulators' approval of exchange-traded funds (ETFs) tied to bitcoin on January 10.
- This has created new opportunities for a broader segment of the public to invest in bitcoin indirectly without the need to hold the digital currency directly. However, the approval of these funds has sparked a renewed sense of optimism and interest in the cryptocurrency market.
DEI’s ‘Rooney Rule’ placed under legal microscope, on and off the field : Stephen Miller’s America First Legal files an EEOC complaint against the NFL ...
washingtonpost.com/business/2024/02/06/rooney-rule-legal-complaint-diversity-eeoc/
Earnings season delivers sombre results and subdued outlook: Business & Investing: Only two companies reported a material lift in profitability during the most ...
newsroom.co.nz/2024/03/04/earnings-season-delivers-sombre-results-and-subdued-outlook/
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