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Bank of America Merrill Lynch beats Wall Street forecasts with record second-quarter earnings

1 month ago   |   By Business Insider

Bank of America Merrill Lynch reported record second-quarter earnings Wednesday that beat analysts' profit expectations.
Watch Bank of America Merrill Lynch trade live .
Bank of America Merrill Lynch posted a record $0.74 in second-quarter earnings per share, outpacing the $0.71 expected by Wall Street analysts surveyed by Bloomberg. Revenue and net income rose in the consumer banking and global wealth and investment management divisions, but fell in the global banking and global markets segments.
Here are the key numbers:
Adjusted net income: $7.35 billion versus the $6.81 billion...
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Bank of America is set to report second-quarter earnings - here's what the Street expects

Bank of America is set to report second-quarter earnings - here's what the Street expects

1 month ago   |   By CNBC

Analysts and investors are keen to find out how looming interest rate cuts will impact the second biggest U.S. lender by assets.
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Katie Holmes and Jamie Foxx reportedly split after dating quietly for 6 years

Katie Holmes and Jamie Foxx reportedly split after dating quietly for 6 years

Katie Holmes and Jamie Foxx have reportedly split after six years of quietly dating. The pair first sparked romance rumors in 2013 after being seen dancing together at a... Read more ...

Team Trump eyes payroll tax cut to spur economy: report

Team Trump eyes payroll tax cut to spur economy: report

Team Trump is considering a temporary payroll tax cut to stimulate the economy and avoid a slowdown - or even a recession, a new report said Monday. The plans reveal the... Read more ...

Planned Parenthood Withdraws From Title X Funding Over Trump's Abortion 'Gag...

Planned Parenthood Withdraws From Title X Funding Over Trump's Abortion 'Gag Rule'

After President Donald Trump's administration put restrictions on Title X money, Planned Parenthood decided to stop taking the funding. Read more ...

Trump Dismisses Recession Fears, Says Fed Must Help The Economy

Trump Dismisses Recession Fears, Says Fed Must Help The Economy

The Trump administration pushed back hard against warnings of an economic slowdown. But the president is also calling on the Federal Reserve to cut interest rates again to help... Read more ...

Dwayne 'The Rock' Johnson just got married in a secret Hawaiian ceremony

Dwayne 'The Rock' Johnson just got married in a secret Hawaiian ceremony

Dwayne "The Rock" Johnson just got married in a secret ceremony. He tied the knot to long-time girlfriend Lauren Hashian on Sunday, August 18 in Hawaii. The actor shared two... Read more ...

Major retailers including Nordstrom, Macy's, and JCPenney reportedly joined...

Major retailers including Nordstrom, Macy's, and JCPenney reportedly joined Victoria's Secret in using a modeling agency with ties to Jeffrey Epstein

Several major retailers - including Nordstrom , Macy's , and JCPenney - reportedly worked with MC2 Model Management, the agency accused of supplying underage women to Jeffrey... Read more ...

The US fired off a previously banned missile, the first since the collapse...

The US fired off a previously banned missile, the first since the collapse of a Cold War-era nuclear arms pact with Russia

The US military conducted its first flight test of a ground-launched cruise missile in a test that would have been banned prior to the recent collapse of a Cold War-era nuclear... Read more ...

Nvidia jumps after announcing a partnership with Microsoft to give Minecraft...

Nvidia jumps after announcing a partnership with Microsoft to give Minecraft a massive graphics overhaul

Nvidia shares jumped as much as 6% Monday after Microsoft announced it would bring the chipmaker's "ray tracing" graphics technology to "Minecraft," one of the world's most... Read more ...

'Everybody started screaming': A tree was struck by lightning and fell onto...

'Everybody started screaming': A tree was struck by lightning and fell onto a swim club's tent pavilion, injuring 9 people

On Sunday, nine people were injured at a Pennsylvania swim club when lightning struck a tree, NBC Philadelphia reported. That tree fell and landed on a nearby tent, injuring... Read more ...

The NYPD officer who was involved in the death of Eric Garner has been fired

The NYPD officer who was involved in the death of Eric Garner has been fired

NYPD officer Daniel Pantaleo has been fired, New York City Police Commissioner James O'Neill announced on Monday. Pantaleo used a banned chokehold on Garner, and his dying... Read more ...