BAC

Rest of World: As Chinese tech manufacturers flock to Vietnam to set up new factories, Bac Ninh, an industrial hub northeast of Hanoi, has become a center for Chinese culture — As Chinese manufacturers open shop in Vietnam, Bac Ninh has become a cultural hub with Chinese restaurants, bubble tea shops, and language centers. Rest of World: As Chinese tech manufacturers flock to Vietnam to set up new factories, Bac Ninh, an industrial hub northeast of Hanoi, has become a center for Chinese…

Bank of America shares fell about 2% in premarketing trading on Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges.Here's what the company reported compared with Wall Street expectations:Earnings per share: 70 cents adjusted vs. 68 cents per share expected, according to LSEG, formerly known as RefinitivRevenue: $22 billion, adjusted, unclear if the figure is comparable to analyst estimatesBank of America said its net income fell to $3.1 billion, or 35 cents per share, in the…

Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this week, should show how the banks’ customers fared in the harsher rate environment.  So far, households have continued to spend and borrow, despite higher borrowing costs, and businesses have hired at a healthy pace. The biggest banks have reaped the rewards. JPMorgan, Wells Fargo and Bank of Americaturned in strong profit growth for the first three…

Listen to article(2 minutes)Looking to get promoted quickly or avoid being underpaid? Then find companies where managers rise through the ranks, where promotions come with bigger pay bumps, or where employees stick around and build careers.That information has been hard for employees to find. A new ranking of Fortune 500 companies seeks to help job-hunters avoid dead-end jobs. The 2023 American Opportunity Index rates companies by how well they help employees, especially those without college degrees, move into better,…

Morgan Stanley said second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue. Morgan Stanley said second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022.Al Drago | Bloomberg | Getty ImagesBank of America on Tuesday posted second-quarter profit and revenue that edged out expectations as the company reaped more interest income amid higher rates.Here's what Bank of America reported:Earnings: 88 cents a share vs. 84 cents a share Refinitiv estimateRevenue: $25.33 billion vs. expected $25.05 billionrelated investing newsThe bank…

Anti-money-laundering rules require broker-dealers to report to regulators on transactions over $5,000, but Merrill’s parent used a $25,000 threshold since their tie-up. Anti-money-laundering rules require broker-dealers to report to regulators on transactions over $5,000, but Merrill’s parent used a $25,000 threshold since their tie-up. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the…

Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have far fewer branches than peers. Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have far fewer branches than peers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

Businesses face proposals on abortion, guns and climate change as groups with various viewpoints strive to get their agendas heard at this year’s annual meetings. Businesses face proposals on abortion, guns and climate change as groups with various viewpoints strive to get their agendas heard at this year’s annual meetings. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the…

So far in the 2023 proxy season, shareholder activists have shown more bark than bite. At companies including Walt Disney Co. , Salesforce Inc. and Bath & Body Works Inc., big-name activists have prepared to battle for board seats, only to quickly agree to truces. So far in the 2023 proxy season, shareholder activists have shown more bark than bite. At companies including Walt Disney Co. , Salesforce Inc. and Bath & Body Works Inc., big-name activists have…