Bank of America

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.

The novel coronavirus has disproportionately hit African-American communities.

Applicants may have had personal information, including their Social Security number, address and phone number, exposed.

Congress has passed four massive stimulus packages to blunt the economic pain from the virus outbreak.

Ten of the world's largest banks, including JPMorgan Chase (NYSE:JPM) and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars.

By reshuffling applications to frontload businesses seeking higher loans, Chase, along with other big banks, received nearly $6 billion in processing fees.

Major U.S. lenders are preparing to become operators of oil and gas fields across the country for the first time in a generation to avoid losses on loans to energy companies that may go bankrupt, sources aware of the plans told Reuters.

A senior Treasury official says 17,500 loans worth $5.4 billion were awarded by close of  business on Friday, with 1,100 banks participating.

The payments will then be added to the end of their loan

Bank of America and Citigroup CEOs comment on big banks' response to the coronavirus.

President Trump will meet with the CEOs of Wall Street's biggest banks at the White House on Wednesday afternoon.

Bank of America CEO Brian Moynihan spoke with FOX Business' Maria Bartiromo at the World Economic Forum in Davos, Switzerland.

The Massachusetts senator requested that bank executives respond to questions by Feb. 7. 

Brian Moynihan, the chief executive officer of Bank of America Corp, has said the bank could double its consumer market share

Fourth-quarter profit rose 46%; firm is the last of big U.S. banks to report earnings for quarter

Interest-rate cuts have lowered revenue for lenders across the country.

Bank of America chairman and CEO Brian Moynihan said nearly a third of Bank of America's sales are done digitally, and now there are even more ways to interact through mobile banking.

Entry-level workers will see higher earnings more than a year ahead of schedule.