Bank of America’s latest earnings results offer insight into the sentiment of U.S. businesses on M&A in the coming year. “The consumers are still spending, and our business clients are profitable and increasingly optimistic,

Related: Fed members reset interest rate cut forecasts for 2025 The Fed helps manage the economy by influencing borrowing costs, adjusting overnight interest rates in an effort to maintain those goals of price stability and low joblessness.

JPMorgan Chase ( JPM) will kick off the fourth quarter earnings season next week, with updates from rivals Citigroup ( C) and Wells Fargo ( WFC) to follow. This comes as the market enters what is expected to be a renewed surge in dealmaking and new listings under looser regulations from President-elect Donald Trump's new administration.

Bank of America CEO Brian Moynihan is fighting what is inevitably going to be a losing battle with the Federal Reserve over international banking compliance under Basel III accords. 23 Wall Street analysts have a consensus “outperform” rating for Bank ...

Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.

Wells Fargo & Co. (NYSE: WFC), Bank of America Corp. (NYSE: BAC) and Truist Financial Corp. (NYSE: TFC) are scheduled to release their fourth-quarter 2024 earnings on Jan. 15, Jan. 16 and Jan. 17, respectively.

Copyright 2025 The Associated Press. All Rights Reserved. Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr testifies at a House Financial ...

Fourth-quarter net profit of Taiwan Semiconductor jumps 57%, UnitedHealth falls after revenue misses estimates, and profits at Bank of America and Morgan Stanley beat analysts’ expectations.

In the years after the Great Recession, banks chose to keep some $420 billion in their reserves rather than loan it out to American people and businesses. While many tend to blame the banks themselves for that decision,

The U.S. Federal Reserve announced on Friday it had withdrawn from a global body of central banks and regulators devoted to exploring ways to police climate risk in the financial system.

2024 was a stellar year for banking giants in the United States. According to a report in the Financial Times, the seven largest banks in the country by deposits accounted for 56% of the industry’s profits during the first nine months of the year, up from 48% during the same period in 2023.

Every year the Federal Reserve conducts a stress test on about 30 U.S. banks to evaluate their ability to withstand economic crises, using hypothetical scenarios such as when the unemployment rate rises to 10 percent and housing prices drop 40 percent.