Bank of America reports fourth-quarter earnings before the bell

Key Points

Bank of America is expected to benefit from a boost in investment banking and trading activity in the fourth quarter.
Last month, CEO Brian Moynihan told investors that his firm would hit guidance for NII of about $14.3 billion.
Investors will be keen to hear about the company’s target for 2025, especially as expectations for rate cuts have been reined in.

Source

Finance

Fed Governor Waller sees potential for multiple interest rate cuts in 2025

January 16, 2025

Key Points Fed Governor Christopher Waller told CNBC on Thursday that the central bank could lower interest rates multiple times this year if inflation eases as he is expecting. “As long as the data comes in good on inflation or continues on that path, then I can certainly see rate cuts happening sooner than maybe […]

Finance

Stocks making the biggest moves midday: UnitedHealth, First Solar, Morgan Stanley, Taiwan Semiconductor and more

January 16, 2025

Check out the companies making headlines in midday trading. Netflix — The streamer added 1% on the back of Seaport’s upgrade to buy from neutral. The firm put out its call ahead of the company’s earnings report next week. UnitedHealth Group — The stock shed more than 4% after UnitedHealth’s fourth-quarter revenue missed analysts’ expectations. […]

Finance

This stock will be one of the biggest beneficiaries from Trump’s deregulation, says Bank of America

January 16, 2025

Source