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Bank of America beats on bond trading boost, loan growth

WorldNews Wednesday, 15 January 2020
Bank of America beats on bond trading boost, loan growthBank of America reported a 25% rise in bond trading revenue, although that was far short of the 86% surge at JPMorgan Chase and Co and a 49% jump at Citigroup Inc. ......
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Bank of America Bank of America American multinational banking and financial services corporation

JPMorgan pledges $30 billion to address racial wealth gap [Video]

JPMorgan pledges $30 billion to address racial wealth gap

JPMorgan Chase & Co said on Thursday it would commit $30 billion to address racial inequality over the next 5 years, marking one of the largest corporate pledges related to race since the death of George Floyd. Freddie Joyner has more.

Credit: Reuters - Politics    Duration: 01:13Published
BOA Boosts Third Quarter GDP Growth [Video]

BOA Boosts Third Quarter GDP Growth

Economists at Bank of America lifted their forecast for third-quarter US GDP growth to 27% from 15% on Friday. Business Insider reports better-than-expected trends in retail sales, the housing market, and hiring. BoA lowered its fourth-quarter projection to 3% from 5%. Failed stimulus negotiations are growing increasingly likely. No new aid could be a speed bump for the American economy. BoA made the adjustment after Senate Democrats blocked Republicans' $500 billion measure on Thursday.

Credit: Wochit News    Duration: 00:38Published

JPMorgan Chase JPMorgan Chase American multinational banking and financial services holding company

JPMorgan: The S&P 500 Will Surge 12% In Sept. 2021 [Video]

JPMorgan: The S&P 500 Will Surge 12% In Sept. 2021

On Tuesday, JPMorgan's Grace Peters told CNBC's "Squawk Box Europe" the S&P 500 could hit 3,750 by September 2021. Business Insider reports that would represent a 12% premium over Tuesday's closing price of 3,335.47. On the outlook for US stocks, she said, "We can see around a 10% upside over a 12-month view." Peters said investors should look at areas that have seen "structural growth" like construction, healthcare, and digital-transformation.

Credit: Wochit News    Duration: 00:28Published
JP Morgan to move $230 bln out of UK - source [Video]

JP Morgan to move $230 bln out of UK - source

JP Morgan is set to move $230 billion out of the UK ahead of the end of the Brexit transition period, according to a Reuters source. Julian Satterthwaite reports.

Credit: Reuters Studio    Duration: 01:17Published

Citigroup Citigroup American multinational investment bank and financial services corporation

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