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Bank of America: Keep Buying Stocks in 2020

  • Bank of America: Keep Buying Stocks in 2020 Bank of America: Keep Buying Stocks in 2020 10:21
12:55 p.m. Sept. 25, 2020 - By Huw van Steenis
Climate change has now reached a tipping point among global investors Disruption is a powerful incentive for investors and companies to move money into sustainable industriesDisruption is a powerful incentive for investors and companies to move money into sustainable industries.
7:42 a.m. Sept. 25, 2020 - By Barbara Kollmeyer
‘We don’t grow up with uncles, fathers, brothers who play golf with MDs or run desks’: Troy Prince is on a mission to bring minority traders to Wall Street ‘Wall Street on its own is incapable of recruiting and training urban talent,’ says the CEO of nonprofit Wall Street Bound‘Wall Street on its own is incapable of recruiting and training urban talent,’ says the CEO of nonprofit Wall Street Bound.
12:58 a.m. Sept. 24, 2020 - By Richard Eisenberg
Unemployment in the LGBT community is steep—here’s a little help for those with money anxieties How the SAGECents app aims to get users on trackThere’s a new, free personal-finance app for older LGBT adults having money troubles.
11:33 a.m. Sept. 23, 2020 - By Andrew Keshner
‘I absolutely believe that we can do better, America,’ says the attorney for the family of Breonna Taylor — months before a grand jury indicted 1 of 3 officers in her fatal shooting Civil rights attorney Ben Crump says too few prosecutors hold police accountable Civil rights attorney Ben Crump says too few prosecutors hold police accountable.
8:32 a.m. Sept. 23, 2020 - By Lina Saigol
Russia’s ‘Google’ Yandex joins super-app race with $5.5 billion offer for online bank TinkoffThe proposed deal will reshape Russia’s banking and tech sectors, and intensify competition with state-lender Sberbank.
3:16 p.m. Sept. 20, 2020 - Associated Press
Eric Trump lawyers say he can’t testify in N.Y. probe into family business practices till after election because of ‘extreme travel schedule’ ‘No one is above the law, period,’ responds state Atty. Gen. Letitia James‘No one is above the law, period,’ responds state Atty. Gen. Letitia James.
9:48 a.m. Sept. 18, 2020 - By Jonathan Burton
Billionaire investor Ray Dalio on capitalism’s crisis: The world is going to change ‘in shocking ways’ in the next five years Veteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for allVeteran hedge-fund manager says capitalists don’t divide the economic pie well, so the system isn’t working effectively for all.
4:52 a.m. Sept. 18, 2020 - By Greg Robb
Fed makes its last stand in struggle to keep potent in age of low interest rates Once you get into zero-rate territory, it is hard to get outFederal Reserve Chairman Jerome Powell laid out the Fed’s battle plan to stay potent in an age of low interest rates by promising to allow inflation to overshoot its 2% target and setting strict criteria for the first rate hike..
1:34 a.m. Sept. 14, 2020 - By Quentin Fottrell
‘His family didn’t care if he was dead or alive’: My fiancé died of a heart attack. His brother is executor and refuses to talk to me. Am I entitled to anything? ‘I was the one who was there for him. It makes me very furious thinking that he left me nothing’‘I was the one who was there for him. It makes me very furious thinking that he left me nothing.’
11:18 a.m. Sept. 8, 2020 - By Lina Saigol
Here’s how Julius Baer is helping its clients grow their wealth during the crisis Heavy trading by ultra rich clients helped Julius Baer to record profits in the first half of the year.
1:01 a.m. Sept. 8, 2020 - By Alana Benson
5 things to do with all that money you haven’t been spending the past few months Try these money moves, since you haven’t been doing much of anything anywayYou haven’t been traveling, eating out, or going to games, so here’s how to take advantage of those savings.
11:22 p.m. Aug. 30, 2020 - By Quentin Fottrell
My husband and I are worth $3.7 million, but I’m afraid I’ll spend my way into the poor house if he dies. When I was single, I bounced checks. What can I do? ‘He earns all the money and handles all our finances. I love to spend money and have a head-in-the-sand approach to money problems’‘He earns all the money and handles all our finances. I love to spend money and have a head-in-the-sand approach to money problems.’
9:31 a.m. Aug. 29, 2020 - By Shawn Langlois
10 stocks positioned for an ‘abrupt’ rebound when normalcy finally returns — none of them are techThe stock market continues to buck the steady flow of troubling headlines and gloomy metrics in a stark disconnect with the economy that’s been hotly debated on Wall Street. And while it might feel rather toppy and precarious, Thomas Hayes, founder and chairman of Great Hill Capital, a new phase in the bull market could be on the way.
11:39 a.m. Aug. 27, 2020 - By Greg Robb
Fed adopts new strategy to allow higher inflation and welcome strong labor markets Gone is the presumption that strong labor markets lead to out-of-control price-increasesThe Federal Reserve’s interest-rate committee on Thursday announced it has unanimously approved a new strategy seen as leading to an easier monetary policy stance.
8:32 a.m. Aug. 27, 2020 - By Lina Saigol
A new breed of tech IPOs may give the stock market reason to party like it’s 1999 Palantir, Snowflake and Asana lead slew of companies lining up to sell stock as U.S. market reopensNasdaq leads the fastest start for global IPOs since 2007 in the second half of the year.
11:44 a.m. Aug. 25, 2020 - By Quentin Fottrell
COVID-19 and 1918 ‘Spanish flu’ have one depressing thing in common A new working paper looks at the effects of the 1918 influenza and COVID-19 pandemics on mortality and the economy, plus the role of non-pharmaceutical interventionsA new working paper looks at the effects of the 1918 influenza and COVID-19 pandemics on mortality and the economy, plus the role of non-pharmaceutical interventions.
7:21 a.m. Aug. 25, 2020 - By Lina Saigol
Global dividends suffer worst quarterly fall since financial crisis The worst-case scenario could see global shareholder payouts drop 25% on an underlying basis during 2020Dividends fell in every region of the world except in North America, thanks to the resilience of Canadian companies.
8:37 a.m. Aug. 10, 2020 - By Lina Saigol
Bank of America is latest Wall Street firm to pledge to Beirut relief effort, with $300,000 donation Beirut’s Bourse reopened on Monday for the first time since the explosionWall Street banks are supporting the Lebanese people after last week’s massive explosion devastated Beirut.
5:50 a.m. Aug. 8, 2020 - By Steve Goldstein
Bank of America strategist: ‘I’m so bearish, I’m bullish’With liquidity in ample supply, one strategist says the S&P 500 will continue to march higher — for a bit.
10:16 p.m. Aug. 2, 2020 - MarketWatch
HSBC profit slumps 77% in first halfHSBC Holdings PLC said its first-half net profit plunged from a year earlier, mainly as higher expected credit losses ate into the profit of Europe's largest bank by assets. Net profit for the period plummeted 77% to $1.98 billion from $8.51 billion, said the U.K.-based, Asia-focused bank. Its first-half revenue declined at a smaller rate to $26.75 billion from $29.37 billion, partly weighed by interest rate reductions, HSBC said Monday.
7:12 a.m. Aug. 1, 2020 - By Emily Bary
Here’s how PayPal hopes to turn Venmo into the next PayPal New boss hopes to extract more revenue with a credit card and more, while allowing mostly younger users to keep sending money for freeIf PayPal can get bigger, it will likely depend on one of the trendiest brands in financial technology, Venmo, turning its popularity with consumers into actual revenue. Making Venmo a true money machine for PayPal will depend on its new general manager, Darrell Esch, a PayPal veteran who took over the role in March.
5:49 a.m. July 31, 2020 - By Richard Eisenberg
This is what personal finance apps should be doing to better serve older people (and maybe everyone) Researchers surveying people over 50 revealed the fault may lie with the apps themselvesWhy don’t older adults embrace this technology? Here’s what a survey found, and how fintech can fix it.
5:51 a.m. July 29, 2020 - By Barbara Kollmeyer
European stocks struggle amid earnings rush and as Fed decision looms Deutsche Bank, Santander, Barclays among stocks on the move European stocks tilted mostly lower on Wednesday as investors waded through a ton of corporate results, largely from big banks. A Federal Reserve decision is expected later.
3:48 a.m. July 29, 2020 - By Sunny Oh
Fed puts $18 trillion U.S. government bond market under lockdown Treasury volatility fell to a record low last FridayEven for a market known for sleepy trading over the summer, bond investors have appeared to stand pat as the Federal Reserve asserts its intent to keep interest rates at zero for a long time.
5:25 a.m. July 27, 2020 - By Howard Gold
Wall Street turns a blind eye to atrocities committed in China Governments, including the Trump administration, have denounced ethnic cleansing in Xinjiang, yet financial firms have done littleGovernments, including the Trump Administration, have denounced ethnic cleansing in Xinjiang. Financial firms have done little.
5:21 a.m. July 22, 2020 - By Rachel Koning Beals
Climate change poses a ‘systemic threat’ to the economy, investors with $1 trillion at stake warn the Fed and SEC Pension funds and other big investors want regulatory help on climate-change riskThe Federal Reserve, the Securities and Exchange Commission and other financial regulators should act on climate-change concerns to avoid economic disaster, a letter from pension funds and other investors representing almost $1 trillion in assets urges.
11:13 a.m. July 21, 2020 - By Elizabeth White
Lessons I learned from being laid off in the last recession Avoid making the mistakes I made—especially if you’re over 50If you’ve lost your job or fear you will, there’s still time to avoid making the mistakes I made in 2009.
6:52 p.m. July 20, 2020 - MarketWatch
SoftBank pulls $700M from Credit Suisse fundSoftBank Group Corp. has pulled about $700 million from a Credit Suisse Group AG fund after executives at the Swiss bank grew concerned that the Japanese conglomerate held conflicting roles in the fund that weren't fully disclosed to other investors, according to people familiar with the matter.
3:54 p.m. July 20, 2020 - By Rachel Koning Beals
Morgan Stanley will be first U.S. bank to disclose how much its loans and investments contribute to greenhouse-gas emissions The investment bank will advise the Partnership for Carbon Accounting Financials on standardizationMorgan Stanley will start measuring and disclosing lending portfolio greenhouse gas emissions and back the push toward universal climate-risk accounting — the first U.S. bank to take such actions.
11:58 a.m. July 16, 2020 - By Shawn Langlois
The wealthy loaded up on stocks in March — now they’re selling, warns ‘fortress bank for billionaires’ Josef Stadler, UBS’s head of global family offices, has a bearish perspective on the rest of the year.
2:24 a.m. July 16, 2020 - By Ciara Linnane
Coronavirus update: COVID-19 is far from contained and could rival 1918 flu pandemic that killed 50 million, experts warn Goldman Sachs posts ‘almost indecent’ earnings that far exceed expectations, while UnitedHealth revenue falls short and Walmart mandates masksThe coronavirus pandemic is far from contained and could end up rivaling the 1918 flu that killed more than 50 million people worldwide, two leading health experts are warning.
7:39 a.m. July 15, 2020 - By Joy Wiltermuth
Major banks are hauling in ‘big fees’ from debt and equity underwriting during the coronavirus crisis Goldman reports 41% bump in second-quarter revenue to $13.3 billion from a year ago Despite earnings that are under pressure, major banks are raking in big fees from debt, equity and other capital markets activities as the Federal Reserve does ‘whatever it takes’ to keep credit flowing.
5:49 a.m. July 14, 2020 - By Quentin Fottrell
Here’s one ‘remarkable’ difference between COVID-19 and the 1918 Spanish flu There are also similarities between the 1918 influenza and SARS-CoV-2, the coronavirus that originated in Wuhan, ChinaThere are also similarities between the 1918 influenza and SARS-CoV-2, the coronavirus that originated in Wuhan, China.
11:44 p.m. July 13, 2020 - By Philip van Doorn
What to expect as banks report earnings: more loan pain but plenty of fee income The largest U.S. banks have plenty of ways to make money, even when interest rates are very lowThe stock market has battered the largest U.S. banks because of coronavirus, but they have plenty of ways to make money, even when interest rates are very low.
7:20 a.m. July 11, 2020 - By William Watts
Why ‘safe haven’ gold and the stock market are now moving the same direction Negative real yields mean opportunity cost of holding gold vanishes, analysts noteGold is traditionally thought of as a haven asset — a safe port in a storm. But that hasn’t stopped it from rising to a near nine-year high, and within striking distance of its record, even as equities and other assets traditionally viewed as risky remain buoyant.
2:41 a.m. July 6, 2020 - By Barbara Kollmeyer
Lloyds shares rise as bank says longtime CEO Horta-Osório will step downLloyds Banking Group’s longtime chief executive António Horta-Osório will step down next year, the bank said, in news that appeared to give shares a boost on Monday.
5:57 a.m. July 4, 2020 - By Sunny Oh
JP Morgan joins the list of Wall Street banks calling for the demise of 60/40 portfolio, despite its success this year Strategists say a traditional 60/40 portfolio will deliver annual returns of 3.5% over the next decade, compared with 10% over the past few decadesIn a year where a classic 60/40 allocation has showed its value, JP Morgan is joining the line of Wall Street banks that are calling the demise of the traditional portfolio.
2:50 a.m. July 1, 2020 - MarketWatch
Wirecard's sees investor interest for assetsWirecard AG has received interest from investors for its assets and the company's creditor committee agreed to start the sales process, its insolvency administrator said late Tuesday. "A large number of investors from all over the world have already contacted us, who are interested in acquiring the core business or independent business divisions that operate successfully on the market," said Michael Jaffe in a statement.
12:34 p.m. June 30, 2020 - By Tanay Tatum-Edwards
It’s time for investors to dump shares of companies that profit from mass incarceration and prison labor Your stocks and mutual funds could be making money from the prison industry. Here’s what you can do Your stocks and mutual funds could be making money from the prison industry. Here’s what you can do.
5:31 a.m. June 26, 2020 - By Linda Hanstra
Preparing kids for adulthood: 5 secrets to an easier launch Disappointment and frustration are expected, even when the unexpected happensA few flight lessons that will allow the fledglings to take off, fly, and land smoothly on the journey to adulthood.
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