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Bank of America survey finds investors nervous about high valuations after second-quarter earnings season
The hole in the soft landing story
Earnings from BofA, PNC and BNY Mellon point to headwinds for net interest income
Nation’s second-largest lender continues to benefit from higher interest rates
Activity in options market indicates nerves over this year’s rally
Lender ‘withheld rewards, double-dipped on fees and opened accounts without consent’
Lender’s own risk managers thought bank would perform less favourably in Federal Reserve exercise
Refusing to bet on rates, and losing anyway
The bank’s ability to take advantage of new opportunities to make higher rate loans has been curtailed
Sum more than double the cost to other US lenders that channelled flood of deposits to cash
Institutional investors retreat from sector after broad price falls over past 12 months
For pension funds, endowments and family offices, there are more options beyond listed equities to make an impact
Lenders under pressure on emissions as shareholders go against board recommendations
Financial institutions fear insurance market’s new requirement removes crucial safety net
Rupert Murdoch’s Fox agrees $787.5mn settlement in Dominion defamation case
Chief Brian Moynihan says move should not be seen as sign that it is bracing for business slowdown
Customers pulled almost $100bn from ‘Big Four’ retail lenders in first quarter, according to analysts’ forecasts
Event was ‘overwhelmingly pro-Russian’, says one attendee, as bank calls clients to apologise
Failure of Silicon Valley Bank prompts flight to likes of JPMorgan and Citi
Difficulties at Silicon Valley Bank spark biggest one-day sell-off since early months of pandemic
Return, don’t refine
Companies not so much
Goldman Sachs and Bank of America chiefs say corporate America holding up better than forecast
Investor shift into Chinese and emerging market equities highlighted in widely watched Bank of America survey
Investors aren’t sure
International Edition