U.S. stocks fell sharply Thursday as investors braced for the possibility of a full percentage point increase in the Federal Reserve’s benchmark interest rate later this month, while weak megabank Read more
Tag: Bank of America Corp.
Fed’s top banking regulator Michael Barr confirmed by Senate
The Biden administration saw a key figure of its financial-regulatory team move into place as the Senate confirmed Michael Barr to become the government’s most influential banking regulator. Barr’s confirmation Wednesday as Read more
Bank stocks are super cheap — even with the risk of recession
Big banks will kick off earnings season next week, with JPMorgan Chase first out of the gate before the stock market opens on July 14. What’s striking now is just Read more
Wall Street profit expectations for megabanks cooled only slightly despite deep freeze in stocks
The disconnect between healthy business performance and ailing share prices in 2022 will likely continue for megabanks through this year’s second-quarter earnings season, amid bear market conditions for stocks. Investors Read more