Tag Archives: Bank of America Corp

Bank of America CEO details back-to-office plan, concentrating on Covid-vaccinated employees first

Bank of America CEO Brian Moynihan on Monday detailed the financial firm’s approach to bringing employees back to the office, telling CNBC that those who have received the coronavirus vaccine are the priority for now. In an interview on “Squawk Box,” Moynihan said Bank of America began to ask staff whether they had received a Covid […]

‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit

LONDON — HSBC on Wednesday announced it would exit its money-losing U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts. Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to […]

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to bounce after breaking three-day winning streak Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures rose Wednesday after the Dow broke a three-day winning streak. The 30-stock average […]

Bank of America ‘willing to pay what it takes’ to hire best talent, CEO says

Bank of America wants to attract and retain the best talent, and the bank is willing to pay extra for it, CEO Brian Moynihan said Thursday. “We want that kind of talent in our company and we’re willing to pay what it takes to get it,” Moynihan told CNBC’s Jim Cramer in a “Mad Money” […]

Covid vaccine makers’ shares seesaw after Biden administration says it will back patent waivers

A healthcare worker fills a syringe with Moderna COVID-19 vaccine. At the Giorgio Companies site in Blandon, PA where the CATE Mobile Vaccination Unit was onsite to administer Moderna COVID-19 Vaccines to workers Wednesday morning April 14, 2021. Ben Hasty | MediaNews Group | Getty Images Shares of Covid vaccine makers seesawed Thursday after the […]

Cramer bemoans lack of earnings momentum in stocks: ‘It’s starting to bother me’

CNBC’s Jim Cramer on Wednesday gave his prognosis on the market as many stocks failed to gain trading traction after positive quarterly reports. “Most stocks simply aren’t getting much pin action now for what they do, in part because, well, the market’s had a miraculous run,” the “Mad Money” host said. “That makes everything seem […]

Big bank stocks are ‘dirt cheap’ after posting earnings, Jim Cramer says

Big bank earnings are out and the results were positive enough to quell one concern about their valuations, CNBC’s Jim Cramer said Thursday. The stocks of large financial institutions like JPMorgan Chase and Wells Fargo have surged from last summer, far outgaining the market. Cramer, himself an alum of Goldman Sachs‘ investment shop, said their […]

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set to pop on strong earnings reports Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures rose Thursday after better-than-expected earnings results. Bank of America shares rose as earnings in […]

Hundreds of corporations, business leaders, celebs sign statement against voting restrictions

Demonstrators wear chains while holding a sit-in inside of the Capitol building in opposition of House Bill 531 on March 8, 2021 in Atlanta, Georgia. HB531 will restrict early voting hours, remove drop boxes, and require the use of a government ID when voting by mail. Megan Varner | Getty Images Hundreds of corporations, executives […]

Major U.S. companies take aim at Georgia’s new voting restrictions

Business executives across the United States are calling out efforts to restrict voting access after Georgia Gov. Brian Kemp signed a law that opponents say would disproportionately disenfranchise people of color. Among the overhaul of state elections, the bill includes a restriction on drop boxes, makes it a crime to provide food or water to […]