The $2.1 billion profit in the first quarter could give investors hope that the banking stocks have reached a bottom.
RELATED ARTICLES
- Pope hints at possible changes to scandal-ridden Vatican bank
Pope Francis has indicated for the first time that he may make changes to the Vatican's scandal-ridden bank as part of a broad review of the Holy See's troubled administration. More - Banks Revive Risky Loans and Mortgages
Investments that were vulnerable in the last financial crisis and believed to be gone for good have largely escaped new rules that were made to prevent another crisis. More - DealBook: Rising Bank Profits Tempt a Push for Tougher Rules
Steady earnings growth on Wall Street could embolden the lawmakers and regulators who want to overhaul the banking system. More - Bank of America profits jump after cost cutting
Bank of America has reported a sharp rise in profits after it shed costs and set aside less money for bad loans. The bank reported first quarter net income of $2.3bn (£1.5bn), after making $328m in the same quarter a year ago. More - Court OKs Lehman settlements to free up $15 billion for customers
A judge on Tuesday approved a set of settlements among Lehman Brothers entities that will allow the company's defunct brokerage to pay back about $15 billion in customer claims. More
BING NEWS:
- BNP Paribas beats estimates as lower costs offset trading slump
BNP Paribas beat first-quarter profit forecasts on Thursday as lower costs and a robust performance in global banking helped to offset a steep fall in its fixed income trading.
04/25/2024 - 1:20 am | View Link - First Citizens’ first-quarter profit tops estimates on interest income strength
Adjusted profit attributable to common stockholders was $769-million, or $52.92 per share, for the three months ended March 31, the bank reported on Thursday ...
04/24/2024 - 9:18 pm | View Link - UPS profit tops expectations as cost-cuts deliver margin
(Reuters) - United Parcel Service reported better-than-expected quarterly profit on Tuesday as cost cuts offset still-soft demand for package delivery. The world's biggest parcel delivery firm ...
04/23/2024 - 12:16 am | View Link - S&P 500 Tops 5,000 as Big Tech ‘Calling the Shots’: Markets Wrap
Stocks rebounded after a $2 trillion selloff, with Corporate America kicking off the busiest week for first-quarter earnings that will be key in shaping the outlook for equities. About 180 S&P 500 ...
04/22/2024 - 6:26 am | View Link - Ethereum resumes consolidation after brief dip, buyback yield exceeds that of major S&P 500 companies
Ethereum resumed its sideways movement on Friday after briefly crashing due to Israel's attack on Iran. The move presented a buying opportunity for a whale, who quickly profited from it. This also ...
04/19/2024 - 1:31 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more