Consumer Health Check: Are We OK? How Credit Card Data Could Provide Some Clues
Consumers are "still depressed” despite a bounce in sentiment, Gregory Daco, chief economist at Ernst & Young, recently said.
Wells Fargo And Other Banks Join Forces To Tap $2T Payments App Market Against Apple Pay, PayPal
Wells Fargo & Co (NYSE:WFC), Bank Of America Corp (NYSE:BAC), JP Morgan Chase & Co (NYSE:JPM), and four other banks worked on a…
10 Financials Stocks Whale Activity In Today’s Session
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Piper Sandler Downgrades Bank of America: What Investors Need To Know
Bank of America Corp (NYSE: BAC) is facing some uncertainty for its future financial performance, leading analysts at Piper Sandler to downgrade the stock.
Oppenheimer Maintains Outperform on Bank of America, Lowers Price Target to $50
Oppenheimer analyst Chris Kotowski maintains Bank of America (NYSE:BAC) with a Outperform and lowers the price target from $51 to $50.
Why Bank Of America Shares Are Falling Tuesday
Bank of America Corp (NYSE: BAC) shares are trading lower by 2.68% to $34.29 Tuesday morning after Piper Sandler downgraded the stock to Underweight.
Benzinga’s Top Ratings Upgrades, Downgrades For January 17, 2023
Upgrades For Casa Systems Inc (NASDAQ:CASA), Northland Capital Markets upgraded the previous rating of Market Perform to Outperform.…
Investor Optimism Improves Further After US Stocks Notch Weekly Gains
The CNN Money Fear and Greed index showed further improvement in the overall sentiment among US investors.
US stocks closed higher on Friday following the release of earnings from big banks. The S&P and Nasdaq both recorded their second straight positive week, with the tech-laden Nasdaq climbing around 4.8% during the week.
Rising Interest Rates Lead To Big Bank Profit Gains: Are There Hints Of Inbound Recession?
Investors waiting for another round of earnings were greeted by Friday’s reports from the nation’s biggest banks showing that profits rose across the sector, boosted by the Federal Reserve’s high-interest rate environment.