Page 4 - Bank Of America

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.

Women in India Inc: Representation remains poor despite regulatory push

Currently, about 43 companies in the top 500 are yet to appoint women independent directors

Bank of America expects RBI to build $550-billion forex reserves

According to BofA, the 'conservative' level of forex reserves for the RBI works out to be $550 billion.

Cut in lending rates insufficient to boost credit growth: BofA Securities

The Reserve Bank cut rates in five consecutive reviews in 2019 before pausing in December due to surge in inflation

Long-term growth narrative has been set by Sitharaman: BofA's Kaku Nakhate

The government's decision of upholding power purchase agreements as well as the opening up of railways, city gas distribution, and electricity supply to the private sector, are welcome steps

Indian economy in great position with growing consumption story: BofA CEO

He said the Indian economy is in a great position and the consumption story is growing there

That recession everyone feared just got priced out by a record stock rally

Very big years in markets rarely come right before recessions

Bank of America lends over Rs 350 cr to Solar firm Fourth Partner Energy

Fourth Partner will deploy the proceeds to grow its solar operational portfolio over the next 18 months