News-Blog

[at Minyanville] – Fitch is already downgrading US debt because of this protracted government shutdown.

[at Fox Business] – Bank of America swung to a profit from a year-earlier loss in the third quarter, beating Wall Street expectations as provisions for credit losses fell.

[theflyonthewall.com] – Repeats it expects net charge-offs to be lower in Q4. Comment from Q3 earnings conference call.

[Reuters] – Bank of America Corp on Tuesday posted a quarterly shareholder profit of $2.22 billion, reversing a year-earlier loss, as fewer loans went bad. The bank’s loan portfolio performed better, but results deteriorated …

[at MarketWatch] – Bank of America Corp. [wsj-quote ticker=”BAC” name=”Bank of America Corp.” realTimeChannel=”/quotes/nls/bac” channel=”/quotes/zigman/190927″ id=”quote_9269265″] …

[at The Wall Street Journal] – Bank of America’s CEO Brian Moynihan likes to tout how his sprawling national institution does business with about one out of every two American households. Judging by his bank’s results Wednesday, America’s …

[at TheStreet] – NEW YORK ( TheStreet ) — PNC Financial beat third-quarter earnings estimates on the top and bottom line, as the Pittsburgh-based lender was able to book earnings growth in an environment where revenue …

[at Bloomberg] – Oct. 16 (Bloomberg) — Bloomberg senior market correspondent Scarlet Fu digs deeper into third-quarter results from Bank of America as profit increased due to lower expenses and legal fees as more customers …

[at Bloomberg] – Oct. 16 (Bloomberg) — The ‘Bloomberg Surveillance” team engages in an in-depth discussion of the big stories of the day with Richard Haas, president at Council on Foreign Relations. They speak on Bloomberg …

[at The Wall Street Journal] – Bank of America Corp. continued to boost its bottom line by chopping costs and credit writedowns out of its earnings equation.