GameStop (NYSE: GME) is a sinking retailer stock looking for a floor, and at least one Wall Street pro thinks the near-term bottom will be even lower than where the shares are now. Bank of America Merrill Lynch analyst Curtis Nagle is slashing his...
Related topics: US Equity Markets, Banking, Merrill Lynch
A growing number of economists are predicting the US will slip into a recession by the end of 2021 amid signs of slowing growth around the world and trade uncertainty.
Analysts at Bank of America Merrill Lynch put together a list of internet...
Related topics: Banking, Merrill Lynch
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Citigroup Inc. (C): Free Stock Analysis Report Bank of America Corporation (BAC):...
Related topics: Citigroup, Citi, Banking
One week ago, when we discussed that as a result of the accelerated rebuild of cash by the US Treasury, first Bank of America, then JPMorgan suggested that the Fed may be forced to restart QE soon as a result of the upcoming sharp drop in liquidity,...
Related topics: Fed, Banking, J.P. Morgan Chase & Co.
The writing would appear to be on the wall: A recession may be coming.Earlier this week, researchers at Goldman Sachs lowered their forecasts for fourth-quarter U.S. GDP growth by 20 basis points to 1.8%, while economists at Bank of America/Merrill...
Related topics: China, Goldman Sachs, Banking, Merrill Lynch
One week ago, Bank of America said that its "buy-the-dip" trading rule (first introduced in 2016 and designed to demonstrate how unusually fast markets were rebounding from selloffs) was triggered for the second time this year as the S&P declined...
Related topics: Banking
Not long ago, Aurora Cannabis (NYSE: ACB) ranked as the darling of Wall Street analysts. But analysts can be quite fickle. Bank of America Merrill Lynch's Christopher Carey downgraded Aurora from buy to neutral in July. Now another top analyst has...
Related topics: US Equity Markets, Banking, Merrill Lynch
Shares of Citigroup (NYSE: C), as well as other megabanks including Bank of America (NYSE: BAC) and JP Morgan Chase (NYSE: JPM), traded down about 5% each on Wednesday, trailing the S&P 500 on what has been a miserable day for stocks. Investors...
Related topics: Citigroup, Citi, Banking, US Equity Markets, J.P. Morgan Chase & Co.
The percentage of large fund managers expecting a recession in the next 12 months just hit an eight-year high, relative to those who think one is unlikely, according to Bank of America Merrill Lynch's latest survey.Investors are bullish on interest...
Related topics: Banking, Merrill Lynch, Polls
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report JPMorgan Chase & Co. (JPM): Free Stock Analysis Report Bank of America Corporation...
Related topics: J.P. Morgan Chase & Co., Banking
Things are going so bad at America's malls that landlords are no longer just offering rent reductions, they’re becoming payday lenders to tenants that are trying to stay afloat.
Boutique bank PJ Solomon has even organized discussions with several...
Related topics: Banking
Several Wall Street banks have handed over thousands of Trump’s financial documents to Congress and the corrupt New York Attorney General Letitia James as part of another abusive congressional probe.
Bank of America, Deutsche Bank, JP Morgan...
Related topics: Deutsche Bank, J.P. Morgan Chase & Co.
In the latest round of hostilities between the world's two biggest economies, Washington announced new tariffs on another $300 billion worth of Chinese goods, while Beijing asked state-owned companies to halt imports of US farm products and devalued...
Related topics: Banking, China, Beijing
For the past year, one of the points of biggest contention among economists and traders is that despite what is now a 1+ year trade war with China, inflation due to higher tariffs has been strangely missing, with some claiming that the goods...
Related topics: Banking, China, Inflation
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report The PNC Financial...
Related topics: J.P. Morgan Chase & Co., Banking
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Bank of America Corporation (BAC): Free Stock Analysis Report The PNC Financial...
Related topics: Fed, Banking
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wells Fargo & Company (WFC): Free Stock Analysis Report Bank of America Corporation...
Related topics: Berkshire Hathaway, Wells Fargo, Banking
The FOMC will almost certainly cut the funds rate by 25bps to 2.00-2.25% today at 2pm. Whereas banks such as Goldman, BofA and Deutsche Bank expect a 25bp move - because virtually all of the signals from the committee point that way - there are...
Related topics: FOMC, Fed, Banking, Deutsche Bank
Warren Buffett is buying even more Bank of America shares even after a big rally, and the purchases appear to be at the expense of Wells Fargo (and maybe even JPMorgan Chase).
Related topics: Warren Buffett, Wells Fargo, Banking, J.P. Morgan Chase & Co.
Some investors might be leery of Aurora Cannabis (NYSE: ACB) right now -- even those who cheered for the stock earlier this year. You can count Bank of America Merrill Lynch analyst Christopher Carey in that group. After recommending Aurora in...
Related topics: US Equity Markets, Banking, Merrill Lynch