The U.S. economy is flashing a sign that’s favorable for dividend stocks, according to Bank of America. In March, the firm’s U.S. Regime Indicator — an economic metric — showed the largest increase since July 2021, after it moved into a recovery phase in February, equity and quant strategist Savita Subramanian wrote in a note … Read more
Club names Morgan Stanley was No. 1 and Wells Fargo was No. 3, according to Jim Cramer’s analysis. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Trusted Bulletin is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong … Read more
Morgan Stanley on Tuesday posted results that topped analysts’ estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations. Here’s what the company reported: Earnings: $2.02 a share, vs. $1.66 LSEG estimate Revenue: $15.14 billion, vs. expected $14.41 billion The bank said first quarter profit rose 14% from a year earlier … Read more
Bank of America Chairman and CEO Brian Thomas Moynihan testifies during a Wall Street oversight hearing by the Senate Banking, Housing, and Urban Affairs committee on Capitol Hill in Washington, DC, December 6, 2023. Saul Loeb | AFP | Getty Images Bank of America is scheduled to report first-quarter earnings before the opening bell Tuesday. … Read more
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $8.56 per share, according to LSEG Revenue: … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on February 23, 2024 in New York City. Michael M. Santiago | Getty Images Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on … Read more
Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted first-quarter revenue that topped analysts’ estimates, helped by better-than-expected trading revenue. Here’s what the company reported: Earnings: $1.58 per share, unclear if comparable … Read more
Jamie Dimon, President and CEO of JPMorgan Chase, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 17, 2024. Adam Galici | CNBC JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects: Earnings: $4.11 a share, according to … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re no longer recording the audio, so we can get this new written feature to members as quickly as possible.) Markets Bounce Back : Stocks rebounded … Read more
Sergio Ermotti, CEO of Swiss banking giant UBS, during the group’s annual shareholders meeting in Zurich on May 2, 2013. Fabrice Coffrini | Afp | Getty Images Switzerland’s tough new banking regulations create a “lose-lose situation” for UBS and may limit its potential to challenge Wall Street giants, according to Beat Wittmann, partner at Zurich-based … Read more
