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Bank of America's financial planning app draws $55 billion over two-plus years: Bank of America Corp's (BAC.N) digital personal finance tool, Life Plan ...
reuters.com/business/finance/bank-americas-financial-planning-app-draws-55-billion-over-two-plus-years-2023-03-29/
Bank of America's financial planning app draws $55 billion over two-plus ...
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March Sadness: Banks Lost More Than $300 Billion In Market Cap This Month: Banks accounted for 11 of the 12 worst performers on the S&P 500 this month.
forbes.com/sites/dereksaul/2023/03/31/march-sadness-banks-lost-more-than-300-billion-in-market-cap-this-month/
March Sadness: Banks Lost More Than $300 Billion In Market Cap This Month
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Small Banks Are Losing to Big Banks. Their Customers Are About to Feel It.: Banks too big to fail are gaining deposits: ‘How can I compete for new business with ...
wsj.com/articles/small-banks-are-losing-to-big-banks-their-customers-are-about-to-feel-it-178abb47
Small Banks Are Losing to Big Banks. Their Customers Are About to Feel It.
More news on this subject
Profile picture of Reuters
Bank of America's financial planning app draws $55 billion over two-plus years: Bank of America Corp's (BAC.N) digital personal finance tool, Life Plan ...
reuters.com/business/finance/bank-americas-financial-planning-app-draws-55-billion-over-two-plus-years-2023-03-29/
Bank of America's financial planning app draws $55 billion over two-plus ...
Profile picture of Forbes
March Sadness: Banks Lost More Than $300 Billion In Market Cap This Month: Banks accounted for 11 of the 12 worst performers on the S&P 500 this month.
forbes.com/sites/dereksaul/2023/03/31/march-sadness-banks-lost-more-than-300-billion-in-market-cap-this-month/
March Sadness: Banks Lost More Than $300 Billion In Market Cap This Month
Profile picture of The Wall Street Journal
Small Banks Are Losing to Big Banks. Their Customers Are About to Feel It.: Banks too big to fail are gaining deposits: ‘How can I compete for new business with ...
wsj.com/articles/small-banks-are-losing-to-big-banks-their-customers-are-about-to-feel-it-178abb47
Small Banks Are Losing to Big Banks. Their Customers Are About to Feel It.
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Bank Stocks to Invest in Near Cheapest-Ever Levels: Grantham's GMO: "Risks remain, but the banking sector will survive and some banks will actually benefit from ...
businessinsider.com/stocks-to-buy-now-financials-banks-cheap-gsib-gmo-grantham-2023-3
Bank Stocks to Invest in Near Cheapest-Ever Levels: Grantham's GMO
Profile picture of Investor's Business Daily
Regulators: SVB Failure Was 'Textbook Case Of Mismanagement': Lawmakers grilled U.S. financial regulators Tuesday on the Silicon Valley Bank and Signature Bank ...
investors.com/news/silicon-valley-bank-failure-textbook-case-of-mismanagement-u-s-regulators-testify/
Regulators: SVB Failure Was 'Textbook Case Of Mismanagement'
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Silicon Valley Bank: First Citizens buy after bankruptcy: First Citizens Bank selectively acquires assets. How a provincial billionaire family is using the ...
nzz.ch/finanzen/silicon-valley-bank-nach-der-pleite-der-raubritter-schlaegt-die-stunde-der-grabraeuber-ld.1732329
Silicon Valley Bank: First Citizens buy after bankruptcy
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US banking concerns shift from crisis to growth woes: After the collapse of two U.S. banks and record outflows from smaller lenders, the banking industry is ...
reuters.com/business/finance/us-banking-concerns-shift-crisis-growth-woes-2023-03-27/
US banking concerns shift from crisis to growth woes
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Bank of America: This bubble could trigger the next stock crash: Bank of America has identified the next stock market bubble. Can this cause a crash? Here are ...
boerse-online.de/nachrichten/aktien/bank-of-america-diese-blase-kann-den-naechsten-crash-ausloesen-20329274.html
Bank of America: This bubble could trigger the next stock crash
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Army of lobbyists helped water down banking regulations: A handful of red state Democrats were instrumental helping Republicans secure a rollback of banking ...
orlandosentinel.com/business/ct-biz-banking-regulations-lobbyists-20230321-tnqbsmfsezf3fn5cttqdcbuaiu-story.html
Army of lobbyists helped water down banking regulations
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Silicon Valley Bank collapse concerns founders of color: In the hours after some of Silicon Valley Bank’s biggest customers started pulling out their money ...
pressdemocrat.com/article/business/silicon-valley-bank-collapse-concerns-founders-of-color/
Silicon Valley Bank collapse concerns founders of color
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No regulation or law can fix incompetent bank management, former FDIC chief says: Successful and stable banks all possess the same traits, which include superior ...
marketwatch.com/story/no-regulation-or-law-can-fix-incompetent-bank-management-former-fdic-chief-says-e78949b7
No regulation or law can fix incompetent bank management, former FDIC ...
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Bank Of America Rebound Hinges On Post-Earnings Action: Bank of America could be a buy or a sell on post-earnings action. Morgan Stanley reports first EPS gain ...
investors.com/news/bank-of-america-morgan-stanley-pnc-banks-earnings/
Bank Of America Rebound Hinges On Post-Earnings Action
Profile picture of Insider (news website)
Microsoft earnings preview: Strong Azure, 365 growth as AI ramps up: Bank of America raised Microsoft's earnings estimate by 1% above its $60 ...
markets.businessinsider.com/news/stocks/microsoft-earnings-preview-stock-price-target-ai-azure-bofa-msft-2024-4
Microsoft earnings preview: Strong Azure, 365 growth as AI ramps up
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Commercial real estate foreclosures jumped 117% in March as trouble looms: A new report from ATTOM shows there were 625 U.S. commercial real estate foreclosures ...
foxbusiness.com/economy/commercial-real-estate-foreclosures-jumped-march-trouble-looms
Commercial real estate foreclosures jumped 117% in March as trouble looms
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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
Fed rate cuts: Best-case scenario in tatters after hot March inflation
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Bank of America Losses on Bond Portfolio Hit $109 Billion in First Quarter as Rates Rose
on.barrons.com/43Y7GbL
Bank of America Losses on Bond Portfolio Hit $109 Billion in First Quarter ...
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Stock market today: strong earnings fuel comeback from losing streak: Stocks trended higher on Tuesday as earnings continued to deliver better-than-expected ...
markets.businessinsider.com/news/stocks/stock-market-today-earnings-first-quarter-fed-rate-cuts-geopolitics-2024-4
Stock market today: strong earnings fuel comeback from losing streak
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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/
Reserve Bank set to update interest rate outlook as oil prices spike
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20 bank holding companies with the largest consumer loan portfolios: The top five bank holding companies have combined total consumer loan portfolios of more ...
americanbanker.com/list/20-bank-holding-companies-with-the-largest-consumer-loan-portfolios
20 bank holding companies with the largest consumer loan portfolios
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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/
Strong economy can be double-edged sword for Biden if rates stay high
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.
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Stock market news today: US stocks flat amid Wall Street uncertainty: Investors appear cautious amid unease over Middle East tensions, expected delays to ...
businessinsider.com/stock-market-news-today-futures-level-wall-street-geopolitical-uncertainty-2024-4
Stock market news today: US stocks flat amid Wall Street uncertainty
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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
JPMorgan Chase is set to report first-quarter earnings — here’s what the ...
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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/
Wells Fargo has worn its dunce cap long enough
Profile picture of Insider (news website)
Apple stock price has 28% upside as Wall Street underestimates profits: In 2018, Wall Street estimated Apple would see profit margins of about 39% in 2023 ...
markets.businessinsider.com/news/stocks/apple-stock-price-outlook-big-upside-wall-street-underestimates-profits-2024-4
Apple stock price has 28% upside as Wall Street underestimates profits
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As US bank profits drop, focus shifts to interest income outlook: As U.S. banking giants prepare to report slightly lower first-quarter profits ...
reuters.com/business/finance/us-bank-profits-drop-focus-shifts-interest-income-outlook-2024-04-10/
As US bank profits drop, focus shifts to interest income outlook
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Stock pickers, active managers beating the market by most since 2007: BofA: 64% of active funds beat benchmarks last quarter, fueled by strong stock rallies ...
markets.businessinsider.com/news/stocks/stock-market-big-cap-mutual-funds-highest-benchmark-since-2007-2024-4
Stock pickers, active managers beating the market by most since 2007: BofA
Profile picture of Insider (news website)
Tesla stock price target cut at BofA on concerns of weak EV demand: "We see it hard for the company to generate additional sales with its current product ...
markets.businessinsider.com/news/stocks/tesla-stock-price-target-cut-bofa-weak-ev-demand-concerns-2024-4
Tesla stock price target cut at BofA on concerns of weak EV demand
Profile picture of Insider (news website)
Nvidia stock price has 26% upside even as headwinds spark sell-off: BofA notes that the latest rout is the ninth time the stock has fallen more than 10% since ...
markets.businessinsider.com/news/stocks/nvidia-stock-price-outlook-correction-competition-google-intel-ai-chips-2024-4
Nvidia stock price has 26% upside even as headwinds spark sell-off
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Why oil prices already at highs could surge another 10% by summer, according to BofA
trib.al/Ay4isK1
Why oil prices already at highs could surge another 10% by summer ...
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Opinion | Boston Marathon Medal Shows You Can’t Outrun Commercialism: Bank of America’s name right below the iconic unicorn shows that sometimes concessions in ...
trib.al/svI7j5N
Opinion | Boston Marathon Medal Shows You Can’t Outrun Commercialism
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AI could be as consequential to the economy as electricity, says Jamie Dimon: Jamie Dimon believes artificial intelligence will have a huge impact on global ...
cnn.com/2024/04/08/investing/jamie-dimon-shareholder-letter-ai-future/
AI could be as consequential to the economy as electricity ...
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
  • JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.

  • Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.

  • Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.

  • Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
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Boston Marathon Criticized for Branded Finisher Medals: Runners are disappointed that the new finisher medals feature a large bank logo across the bottom ...
nytimes.com/2024/04/03/style/boston-marathon-medals.html
Boston Marathon Criticized for Branded Finisher Medals
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Senators Ask Bank Of America For Details About Leon Black’s Payments To Jeffrey Epstein, Report Says
go.forbes.com/c/M2g3
Senators Ask Bank Of America For Details About Leon Black’s Payments To ...
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Record gold prices have the metal overvalued as recession fears dim: BofA: Surveyed investors are at their most bullish in two years, with 78% considering a ...
markets.businessinsider.com/news/commodities/gold-price-commodities-recession-hard-landing-fed-rate-cut-outlook-2024-4
Record gold prices have the metal overvalued as recession fears dim: BofA
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6 stocks set to benefit from AI data center boom: Bank of America: These companies will benefit from the construction and maintenance of AI data centers.
businessinsider.com/top-stocks-benefiting-ai-data-center-boom-bank-of-america-2024-4
6 stocks set to benefit from AI data center boom: Bank of America
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Nike Stock Jumps On Upgrade As Estimates 'Finally Look Achievable' Ahead Of Paris Olympics
investors.com/news/nike-stock-upgrade-to-buy-paris-olympics/
Nike Stock Jumps On Upgrade As Estimates 'Finally Look ...
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Bank of America Racks Up Bond Losses That Could Top $100 Billion: As bond yields turned higher in the first quarter, Bank of America’s unrealized losses on a key ...
barrons.com/articles/bank-of-america-stock-bond-losses-97bf300e
Bank of America Racks Up Bond Losses That Could Top $100 Billion
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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
Wall Street pushes out rate-cut expectations, sees risk they don't start ...
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Disney stock price: 20% upside as Iger turnaround strategy hits growth phase: "Bob Iger now appears to be in command and control and on a growth offensive ...
markets.businessinsider.com/news/stocks/disney-stock-price-outlook-upside-bob-iger-turnaround-strategy-dis-2024-4
Disney stock price: 20% upside as Iger turnaround strategy hits growth ...
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Citigroup CEO faces growth challenge as overhaul rattles employees: Citigroup investors have rewarded CEO Jane Fraser with a share price boost after Fraser ...
reuters.com/markets/us/citigroup-ceo-faces-growth-challenge-overhaul-rattles-employees-2024-04-09/
Citigroup CEO faces growth challenge as overhaul rattles employees
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The worst part of a Wall Street career may be coming to an end: Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work ...
nytimes.com/2024/04/10/business/investment-banking-jobs-artificial-intelligence.html
The worst part of a Wall Street career may be coming to an end
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'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
'Net interest income' has Wall Street worried right now. Here's what it is ...
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Big banks are in a race to get AI right: Big AI investments for banking giants aim to boost efficiency, productivity — but it's a slow grind.
axios.com/2024/04/12/banks-ai-morgan-stanley
Big banks are in a race to get AI right
Quick Glance: OpenAI and Meta Prepare New AI Models Capable of 'Reasoning'
  • OpenAI and Meta are on the verge of releasing new artificial intelligence models that are said to be capable of reasoning and planning.

  • These upgrades are part of a wave of new large language models being released this year.

  • Reasoning and planning are key steps towards achieving 'artificial general intelligence', allowing chatbots and virtual assistants to complete sequences of related tasks.
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Gold jumps as worldwide tensions, central bank buys: Gold has been boosted by a number of factors, including China purchases.
axios.com/2024/04/08/gold-record-highs
Gold jumps as worldwide tensions, central bank buys
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A Big Takeaway From Bank Earnings? Wall Street Is Winning Again.: For one quarter at least, investment banking is outpacing consumer-focused businesses ...
on.barrons.com/3xCyAtJ
A Big Takeaway From Bank Earnings? Wall Street Is Winning Again.
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How Safe Are Banking Apps, Really?: Most banking apps are safe. But taking these precautions will help protect your financial information.
cnet.com/personal-finance/banking/advice/are-banking-apps-safe/
How Safe Are Banking Apps, Really?
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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
Citi (C) Holds Call for 125 Basis Points of Fed Rate-Cuts in 2024
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What to expect from bank earnings as high interest rates pressure smaller players
cnbc.com/2024/04/11/bank-earnings-high-interest-rates-set-to-pressure-small-players.html
What to expect from bank earnings as high interest rates pressure smaller ...
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Apple shares could rise by 28 percent, according to Bank of America: Investors are underestimating Apple's growth potential, according to Bank of America ...
businessinsider.de/wirtschaft/international-business/apple-aktie-koennte-um-28-prozent-steigen-laut-bank-of-america/
Apple shares could rise by 28 percent, according to Bank of America
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Silicon Valley Bank, the Federal Reserve and Bank Runs: Regulators have yet to address the system’s vulnerability to sudden depositor withdrawals.
bloomberg.com/opinion/articles/2024-04-01/silicon-valley-bank-the-federal-reserve-and-bank-runs
Silicon Valley Bank, the Federal Reserve and Bank Runs
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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
Tax deadline is pivotal for funding markets, Fed's balance sheet
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Investors want to separate finance CEOs from their chair seats: Even if these proposals succeed, researchers are skeptical that separate jobs make companies ...
businessinsider.com/investors-want-to-separate-finance-ceos-from-their-chair-seats-2024-4
Investors want to separate finance CEOs from their chair seats
Profile picture of Insider (news website)
3 AI stocks to buy: 2nd-tier accelerator firms beyond NVDA, BofA says: "Rising tide could create profitable niche for next tier of vendors," analysts at the firm ...
markets.businessinsider.com/news/stocks/ai-stock-picks-to-buy-accelerator-companies-market-share-bofa-2024-4
3 AI stocks to buy: 2nd-tier accelerator firms beyond NVDA, BofA says
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Coinbase partner ClearBank posts first full-year of profit as revenue almost doubles
cnbc.com/2024/04/04/coinbase-partner-clearbank-posts-first-full-year-of-profit.html
Coinbase partner ClearBank posts first full-year of profit as revenue ...
Profile picture of Insider (news website)
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
Next Fed rate cut could be delayed to March 2025 if PCE inflation stays ...