Merrill Lynch Client Assets Spike 18% to $3.5 Trillion
Merrill Lynch closed the third quarter with $3.5 trillion in client assets, up 18% from the same period in 2023. Bank of ...
Investor sentiment sees biggest jump since June 2020 but offers a sign of caution
Investors are growing increasingly bullish about the outlook for stocks as the Federal Reserve cuts interest rates. But are investors a little too bullish?
Winter Village returns to Bryant Park — ahead of Halloween!
Forget about spooky season! A winter staple will soon return to the city — ahead of Halloween! Bank of America Winter Village ...
Jeff Gordon: Hendrick Motorsports 'Embarrassed' by Alex Bowman ROVAL DQ
Alex Bowman began the 2024 NASCAR Cup Series Playoffs by having to dismiss an onslaught of rumors suggesting his seat would be otherwise occupied in 2025. Despi ...
Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of ...
Allocators that crowded into the biggest hedge funds are worried about these managers crowding into the same trades
A Bank of America survey of 160 hedge fund backers found that they've moved to "consolidation rather than diversification" in ...
Lower interest rates will change the game for big banks. Here's how
In their first quarterly earnings reports since the Federal Reserve slashed interest rates last month, big banks are giving ...
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Stock market today: Wall Street edges back from records as oil prices tumble
U.S. stocks are edging back from their records as the price of crude oil tumbles again. The S&P 500 slipped 0.3% in midday ...
Profits Leap at Goldman Sachs as Banks See Steady Economy
Bank of America separately reported its latest earnings on Tuesday, and in keeping with theme it beat analyst forecasts.
Bond Trading Doesn’t Deliver for Banks, Despite Fed Move
The biggest Wall Street banks mostly did not see a big bump from their bond-trading desks—despite the fact that the Federal ...
Wall Street’s Engine is Revving Again, Boosting Big Lenders
Investment-banking executives have been forecasting a return of deal-making activity, if a gradual one, for months. Their latest financial results show that moment has arrived. Citigroup, Bank of ...
Bank of America: Earnings Top Estimates
Bank of America topped analyst estimates but noted mixed results in year-over-year comparisons, with notable declines in net interest income amid rising costs.