Bank of America Corp’s (BAC) first-quarter profit, reported on Tuesday, topped Wall Street estimates, as loan growth and lower expenses mitigated a slump in trading revenue. Bank of America shares closed higher for the ninth time in the past fourteen trading sessions in New York on Tuesday. The stock edged […]

According to a statement by the Australian Securities and Investments Commission (ASIC) on Monday, over AUD $3 million will be refunded to retail clients by Citigroup Inc (C), as they incurred losses from complex investments offered by the Wall Street bank with no adequate financial advice. Citigroup shares closed lower […]

Goldman Sachs Group Inc (GS) reported a drop in revenue in almost all of its key businesses during the first quarter on Monday. On the other hand, the bank’s quarterly earnings topped Wall Street estimates, supported by lower operating expenses and a surge in financial advisory revenue. Goldman Sachs shares […]

J.P. Morgan Chase & Co’s first-quarter earnings, reported on Friday, exceeded Wall Street estimates, as, according to CEO Jamie Dimon, strong performance across the bank’s businesses has been buoyed by solid growth in the US economy, moderate inflation and strong business and consumer confidence. J.P. Morgan Chase shares closed higher […]

Walt Disney Co’s shares registered their largest single-session gain and touched a record high on Friday after analysts appreciated the company’s move to price its new video streaming service below Netflix Inc’s standard offering. Disney+, Walt Disney’s streaming service, has been priced at $6.99 per month. In comparison, Netflix’s standard […]

According to a statement by Apple Inc (AAPL) on Thursday, the number of suppliers, that use only clean energy for their production, has been almost doubled. Apple said that 44 companies were now in its clean energy program, including Taiwan Semiconductor Manufacturing Co Ltd, the supplier of the A-series chips […]

Shares of United States Steel Corporation (X) plunged to lows not seen since October 2016 during Thursday’s session, after Bank of America Merrill Lynch double downgraded the stock from “Buy” to “Underperform”, while analyst Timna Tanners noted that the company had become the latest “Steelmageddon victim”. Bank of America Merrill […]

Boeing Co (BA) said earlier this week that it had zero new orders for its 737 MAX line-up after a global grounding in March, while its total jet orders and deliveries dropped during the first quarter. Boeing shares closed lower for a fourth consecutive trading session in New York on […]

According to a statement by Bank of America Corporation (BAC) on Tuesday, its minimum hourly wage is to be raised to $20 by the year 2021. From May 1st, the minimum pay will be raised to $17 per hour from $15 currently, the bank said. Bank of America shares closed […]

Shares of United States Steel Corporation (X) registered their largest single-session loss in 36 weeks on Tuesday, after Credit Suisse revised down its rating on the stock from “Neutral” to “Underperform” and also slashed its 12-month price target from $21 to $13. The firm underscored that the US steel giant […]