Stock rally to continue but lose steam by year-end, says BofA

Trading consensus is for more gains in the S&P 500 Index into the Federal Reserve’s annual economic symposium in Jackson Hole in late August, Hartnett said. That is likely to be followed by a “healthy ... Read More

Clients Are Betting on Stock Rally Into Summer Before Pullback, BofA Says

Investors are counting on US stocks to rally on the back of a robust corporate earnings season, before the market loses steam toward year-end, according to Bank of America Corp. strategists.Most Read ... Read More

Next Week Brings Inflation Data, Bank Earnings

Key inflation data is due out next week as another earnings season kick off, with the PPI and CPI readings for June on tap ... Read More

Bank Of America CEO Says Consumers Are 'Resilient,' While ... - Benzinga

Bank Of America CEO Says Consumers Are 'Resilient,' While Business Owners 'Worried' As 'We Face A Changing Economy' by Erica Kollmann Benzinga Staff Writer Follow ... Read More

Jim Cramer's week ahead: Bank earnings and new economic data

CNBC’s Jim Cramer on Friday reviewed next week’s market-moving events: major bank earnings and new data from the Labor Department. Read More

Economy Shrank in First Quarter Worse Than Expected

The government said that first-quarter gross domestic product fell by 0.5%, more than economists had predicted. Read More

The S&P 500 will climb 10% to 6,600 next year as earnings and the ... - MSN

Stocks will continue to rally next year amid a resilient economy and strong earnings, Barclays says. The bank forecast the S&P 500 to rise 10% to 6,600, adding to th chorus of bullish forecasts ... Read More

The Economy Is on Solid Footing Despite Tariff Turmoil, Bank of America ...

Moynihan on the company's first-quarter earnings call Tuesday morning said the bank's research team "does not currently believe we’ll see a recession in 2025,” though it has lowered its growth ... Read More

Wells Fargo Q1 2025 Earnings: Revenue Falls Short Of Estimates ... - MSN

Shares of Wells Fargo & Co. (WFC) fell over 2% on Friday morning after the bank reported a rise in first-quarter earnings, but its revenue failed to meet Street estimates. Revenue rose 3% year ... Read More

JPMorgan's Dimon says economy is facing 'considerable turbulence'

The bank’s earnings of $14.64 billion rose 9% from the year-ago quarter. But JPMorgan also set aside 75% more provisions to cover future loan losses — a sign that it expects borrowers to run ... Read More

Economy adds 147,000 jobs, defying expectations of a slowdown

While the report reflects a healthy economy, it also reduces the probability that Federal Reserve Chair Jerome Powell will cut interest rates this month. Read More

BNY Reports Strong Q1 Earnings, Still Sees Trouble Ahead In Uncertain ...

The firm reported first-quarter adjusted earnings per share of $1.58 (+26% YoY), beating the street view of $1.51. Quarterly revenue of $4.972 billion, an increase of 6% year-over-year, surpassed ... Read More