Bank of America

Bank of America Corp reported a jump in first-quarter profit that breezed past estimates on Thursday as it released reserves it had set aside to cover potential coronavirus loan losses.

Delta, JPMorgan and Goldman Sachs lead earnings reports in the week ahead, while investors will get a taste of Coinbase’s IPO, the first crypto company to go public.

A U.S. judge on Wednesday dismissed litigation accusing 10 large banks of conspiring to suppress competition in the now $21.2 trillion market for U.S. Treasury securities.

A former Bank of America employee allegedly "encouraged female victims into letting him assist them with setting up their bank accounts."

Wells Fargo will offer up to eight hours of paid time off beginning March 8 to encourage all eligible global employees to get COVID-19 vaccines 

Wells Fargo announced equity investments in six African American Minority Depository Institutions as part of its $50 million commitment last year to support economic growth in Black communities. 

Americans are upset following Fox News’ report that Bank of America may have handed private customer information over to the U.S. government related to the Capitol Hill riot – but the bank could have been legally required to do so.

Bank of America has committed $15 billion to homeownership efforts through 2025, the bank announced Wednesday.

A growing list of businesses are pausing or reviewing political contributions in response to efforts against the certification of the Electoral College and the Capitol riot by a group of Trump supporters that followed. 

Business leaders from Wall Street to Silicon Valley joined trade groups across the nation in calling for an end to the protests and violence on Capitol Hill.

Like droves of businesses around the nation, some of the country's largest banks are bracing for the possibility of protests or riots that may occur following the presidential election.

The move comes a week after CEO Brian Moynihan stressed that the company's "number one" priority during the pandemic has been to "take care of the employees."

America's biggest financial institutions are backing Democratic nominee Joe Biden, banking on a "blue wave" that will create jobs and boost the economy.

Deutsche Bank set an office return date of July 2021 for its U.S. employees on Wednesday as banks struggle with whether to bring workers back to Manhattan. 

Brokers at UBS are under the impression they won’t have to return to work until April 2021, while Morgan Stanley, Goldman Sachs and the nation’s largest bank JPMorgan, are alerting roughly half their workforces that they may not be coming back to their Manhattan offices until possibly well into next year. 

U.S. tech stocks are now worth $9.1 trillion collectively.

Warren Buffett's Berkshire Hathaway is building a bigger Bank of America stake

Morgan Stanley posted a 45% rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.

Net income of $3.5 billion, or 37 cents a share, still topped the 27-cent average estimate from analysts surveyed by Refinitiv. Both JPMorgan Chase and Citigroup posted double-digit profit declines earlier this week after shoring up reserves.

Companies have stepped up pressure on the franchise since earlier this week, when a group of 87 investment firms and shareholders demanded that PepsiCo, Nike and FedEx cut ties with the team unless officials agree to change the name.