Page 7 - Bank Of America

Expect Budget to be positive for capex-driven sectors, says Amish Shah

Capex as a percentage of Budget expenditure was 18 per cent in FY17 and FY19. Now, it has come down to 16 per cent… There is scope for capex allocation to go up, says Shah

Bank of America gives pandemic bonus to 97% of its 170,000 staff

This includes over 24,000 of the bank's staffers in India

Bank of America's Q4 profit falls 18% to $5.47 bn but tops Street views

The firm said it plans to repurchase $2.9 billion worth of stock this quarter, the most it can under new Federal Reserve guidelines

Bank of America hopes for loan growth bounce after muted quarter

The second-largest U.S. bank by assets also reported a 13% fall in consumer banking revenue

Bank of America fourth quarter profit fell 18% but topped Street views

Bank of America Corp. says its fourth-quarter profit fell nearly 18 per cent to USD 5.47 billion from USD 6.99 billion a year earlier. The bank, based in Charlotte, North Carolina, said Tuesday that it had earnings of 59 cents per share, down from 74 cents a year ago. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. The nation's second-largest bank posted revenue net of interest expense of USD 20.1 billion, which missed Street forecasts. Six analysts surveyed by Zacks expected USD 20.4 billion. Bank of America shares have increased nearly 9 per cent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has decreased nearly 5 per cent in the last 12 months.

Indian economy weak, credit growth bottoming out: BofA Securities

BofA Securities on Friday said the Indian economy continues to be weak, pointing to activity indicators tracked by it

Bank of America traders fall short of rivals as revenue forecast missed

Revenue from trading rose 3.6% to $3.34 billion, falling short of the $3.5 billion that analysts had forecast

Banks lower revenue outlook as coronavirus pandemic crimps loan demand

Bank of America, the second-largest US bank by assets, said it found little appetite for new loans when it surveyed its corporate clients twice this year

Ant Group's $30-billion IPO sets up Jack Ma for a battle with Tencent

China's two largest corporations Alibaba and Tencent are wrestling for online leadership in everything from social entertainment to e-commerce and cloud computing

Bank of America customer opens mobile app and finds $2.45-billion surprise!

Mishap follows Citi's $900 million in mistaken payments

Bank of America profit more than halves in Q2 as heavy loan losses loom

The fall in revenue and profit was broadly in line with other Main Street peers that have suffered from the need to brace for a deep recession

Morgan Stanley posts record profit on trading boom amid Covid-19 crisis

Trading powerhouses Morgan Stanley and Goldman Sachs performed better than Main Street rivals JPMorgan Chase, Bank of America and Citigroup

Morgan Stanley, BofA lead i-banking in value terms with 50% market share

At the fifth slot is SBI Caps closing three deals worth $2.9 bn, followed by Nomura Holdings with $1.7 bn across two deals, and IDSBI Capital Markets with $1.3 bn involving two deals

JPMorgan, Bank of America, Citi among banks facing US probe over PPP loans

"The banks' wealthiest clients had access to a personalized application process that ensured their applications were processed first," according to the letters sent by the committee Monday

Market Ahead, May 20: All you need to know before the opening bell

Reliance Industries will be in focus today as its mega rights issue opens today and closes on June 3

Money managers remain bearish as only 10% expect V-shape recovery: BofA

Cash levels remain elevated at 5.7% compared to a 10-year average of 4.7%

RBI may have to monetise Rs 7 trn of stimulus, says Bank of America

Of the nearly 10% of GDP worth stimulus, 7.3 percentage points of it can be funded through many means, it said

Market Ahead, May 6: Top Factors That Could Guide Markets Today

Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers

BofA turns bearish on Indian banks; SBI, ICICI Bank, IndusInd downgraded

SBI, ICICI Bank, IndusInd downgraded; only HDFC Bank in 'buy' category

Investors prepare for more market swings as coronavirus spreads in US

The United States has in recent days received a taste of the types of disruptions that the virus has wrought in other countries, including Italy and South Korea.