The lender rebuffed allegations that it is less welcoming to conservatives after the president blindsided CEO Brian Moynihan with a barb during a Q&A session at the World Economic Forum in Davos, Switzerland.
Berkshire took a new stake in Citigroup ( C 1.88%) in 2022 and the stock currently makes up 1.5% of Berkshire's portfolio. Citigroup has far and away been the worst-performing large U.S. bank stock since the Great Recession and many investors have ditched the stock out of frustration.
In a report released today, Keith Horowitz from Citi maintained a Buy rating on Bank of America (BAC – Research Report). The company’s shares
Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,
Bank of America said Thursday that it expected to earn between $14.5 billion and $14.6 billion of net interest income—on a fully taxable-equivalent basis—in the first quarter of 2025.
Goldman Sachs (GS) and JPMorgan Chase (JPM) are being pushed by right-leaning activist groups to abandon or shrink their diversity, equity and
Big banks, such as Bank of America, are far more complex. They touch almost every aspect of the economy, including personal and business banking, mortgages, student loans, commercial real estate, and the financial markets. Banks can be very lucrative when the economy is firing on all cylinders, and people and businesses borrow a lot.
Goldman Sachs took advantage of strong demand before passing the issuance baton to foreign banks and domestic borrowers
NEW YORK (Reuters) -Bank of America and JPMorgan are set to lobby the White House and Congress to defend themselves from accusations by President Donald Trump and others that they have shut down accounts of conservative customers on political grounds.
Citigroup's double-digit ROTCE target is more achievable after Q4 improvements. Read why C stock could deliver attractive earnings growth in the coming years.
Bank of America will be engaging with President Donald Trump's administration and Congress on regulations that the bank said can lead to it exiting banking relationships with a customer, a spokesperson said on Friday.
MassMutual Private Wealth & Trust FSB increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 25.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).