Bank of America

Goldman’s Marcus online bank would have its work cut out tackling consumer inertia in Ireland

Paddy Power parent wants investors to focus on the long game but analysts are more circumspect

Iseq index up 2.3% as banks move higher, fuelled by positive updates from a trio of US lenders

Company took impairment charge against its loan book and staff costs rose

Former French EU commissioner sought clearance for ‘light’ advisory position with US finance giant, correspondence shows

‘Wembley of the North’ funding structure likely to be influenced by credit markets, government money...and, of course, results on the pitch

Not as many hard-charging banks as you might think

Global uncertainty is rising but is for now well short of the dramatic heights seen during the US president’s first administration

Bank of America sees a better year ahead for airline investors

Scale and prospects of US business drove 2023 decision to move CRH’s primary stock market listing to New York

Most investors appear unbothered by ‘stratospheric’ US prices

Bank of America says we are in a period of rising risk and rising return

Rethink,a not-for-profit that backs other charities, has proved remarkably successful since its launch in 2016

Unfortunately, diversification isn’t what it used to be

Cash holdings hit a record high as billionaire investor dumps $76bn of stocks for $47.2bn gain

Strong corporate results lead US markets higher as investors assess Trump’s chances of a White House return

Valuation remains unchallenging while buyback and dividend convert to 6% yield for shareholders

A massive regional conflict could see oil prices spiking across the globe

Pretax profits rose by 158% last year to €1.73 billion, helped in part by rising interest rates

Even the strongest stocks don’t rise all the time

Bank also seen making major headway in coming years on using up remaining deferred tax assets used to minimise Revenue bill since crash

Capital flows from institutional investors are driving up the price of tokens such as bitcoin

Loan loss provisions have thinned even as regulators highlight risks in commercial real estate market

Anything less than blowout earnings could cause a sell-off with one analyst warning of downside of up to 30%

Remuneration of $31m comes after boss pared back bank’s lossmaking push into retail banking

Bank of America fund manager survey suggests stocks may be vulnerable to any disappointments

Paul Coulson has handed the reins to new chair Herman Troskie, but Ardagh’s €10.7bn debt pile means he can’t sit back and take it easy just yet

Euronext Dublin was flat as the week drew to a close but other European markets gained

Lender expresses optimism about US economic outlook

Earnings are expected to have shrunk in last quarter of 2023 due to unpaid debts and impact of high interest rates

Collectively, the big Wall Street banks cut at least 30,000 staff in 2023 with more cuts expected next year

ECB will slowly cut rates, one cut per quarter, for remainder 2024 and into 2025 as euro zone economy heads for ‘soft landing’, says US bank’s head of Europe economics research

Bank of America has a €25 price target on Ryanair shares, which are trading at about €16.50 currently

Labour costs account for 76% of company costs, so strikes could lead to lower profit margins

Companies are beating estimates but warning of weak demand ahead

Current move towards cash looks more understandable, given rapidly rising interest rates

Wall Street’s fear index is showing little sign of overt concern about events in Middle East and Ukraine

Spreads on euro-denominated junk bonds rise to widest levels since 2016

Earnings growth trails rivals but lender buoyed by strong performance in investment banking and sales and trading

Investors keep eye on geopolitical tensions ahead of trip by US president Joe Biden to Israel