Michael J. Moore
Worst major U.S. bank stock of 2015 is today’s only gainer
NEW YORK - Bank of America Corp. showed it could follow through on its plans to cut costs.
While investors punished JPMorgan Chase & Co....
BofA raises dividend, drops buyback as capital plan approved
NEW YORK – Bank of America Corp., the second-biggest U.S. bank, raised its quarterly dividend to 5 cents a share and dropped plans to...
BofA declines after error halts buybacks, dividend increase
Bank of America Corp. fell the most in a year after suspending a dividend increase and $4 billion of planned share repurchases because of...
Citigroup fails Fed stress test as Goldman, BofA modify plans
(Updated at 6:50 p.m.
NEW YORK - Citigroup Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Goldman Sachs Group Inc....
Wall Street bonuses grew 15% in 2013, N.Y. comptroller says
NEW YORK - Wall Street’s bonus pool rose 15 percent to $26.7 billion in 2013 as profits from broker-dealer operations on the New York...
Citigroup joins JPMorgan Chase in bracing for trading slump
NEW YORK - Citigroup Inc. and JPMorgan Chase & Co. are bracing investors for a fourth consecutive drop in first-quarter trading, a period of...
BofA’s Moynihan says traders profited most days during quarter
DAVOS, Switzerland - Bank of America Corp. CEO Brian T. Moynihan said trading operations were profitable almost every day last quarter as the lender...
Moynihan, Gorman absolved as banks’ first-half revenue climbs
NEW YORK – First-half revenue at the six biggest U.S. banks climbed for the first time in four years, fueling profits and vindicating Bank...
BofA traders post gains all quarter as Morgan Stanley stumbles
NEW YORK – Bank of America Corp.’s traders posted gains every business day during the first quarter as Morgan Stanley’s lost money in eight...
BofA joins Wells Fargo raising payouts after Fed stress test
NEW YORK - Bank of America Corp., Wells Fargo & Co. and American Express Co. boosted payouts to investors after passing U.S. tests of...
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