Bank of America tops estimates on better-than-expected investment banking, interest income

• Bank of America profits boosted by loan growth and robust trading

  Strong results echo other big Wall Street banks
  
  Financial Times - 1h

• Bank of America sees revenue rise across the board in upbeat sign for year ahead

  Bank of America CEO Brian Moynihan said the bank turned in a “strong” fourth quarter, CEO says.
  
  MarketWatch - 2h

• Morgan Stanley tops estimates on strong equities and fixed income trading revenue

  The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.
  
  CNBC - 3h

• Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength

  The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.
  
  CNBC - 19h

• U.S. companies will need to increase their hedges against a stronger dollar in 2025, says Bank of America

  A surging buck can crimp multinational’s profits
  
  MarketWatch - Jan. 9

• Bank of America’s stock could go up 20% in 2025, says this analyst

  UBS’s Erika Najarian upgrades Bank of America to buy from neutral
  
  MarketWatch - Jan. 7

• Why bank stocks care that Michael Barr is stepping down as top Fed banking cop

  As vice chair of supervision, Barr was leading the effort to raise capital requirements for banks.
  
  MarketWatch - Jan. 6

• Fed’s top bank cop to step down, averting potential clash with Trump

  Politico - Jan. 6
• 

  Investment banks prepare for crunch year in 2025

  Boutiques counting on M&A rebound to support elevated valuations and star hires
  
  Financial Times - Jan. 6

More from CNBC

• EV, hybrid sales reached a record 20% of U.S. vehicle sales in 2024

  CNBC - 49m

• Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble

  Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.
  
  CNBC - 2h

• TikTok CEO expected to attend Trump's inauguration, NBC reports

  TikTok's CEO Shou Chew is expected to attend President's Trump inauguration next week, NBC News reports.
  
  CNBC - 48m

• Target says its holiday sales were better than expected — but its profits weren't

  The big-box retailer's report indicates that deals and promotional events motivated shoppers.
  
  CNBC - 2h

• Biden administration launches cybersecurity executive order

  With this executive order, the Biden White House is looking to boost digital security in the U.S. for the government and the private sector.
  
  CNBC - 1h

More in Business

• Trump, Vance official portraits released

  President-elect Donald Trump's expression and head angle closely mirror the stone-faced expression he wore when his mugshot was taken in Fulton County Jail.
  
  CNBC - 5m

• AMD gets another downgrade. Here’s why analysts are souring on the stock.

  Wolfe Research expects AMD’s AI business to disappoint this year relative to current market expectations.
  
  MarketWatch - 6m

• Southwest’s valuation is out of whack, Citi says in new ‘sell’ call

  Southwest Airlines’ stock was falling Thursday, after Citigroup downgraded the stock to sell from neutral, arguing that the valuation has risen while earnings quality and free-cash-flow conversion ...
  
  MarketWatch - 7m
• 

  A First-Day Trump Order: A Federal Stockpile of Bitcoin?

  The cryptocurrency industry has pushed President-elect Donald J. Trump to establish one, creating real political momentum behind the plan.
  
  The New York Times - 9m
• 

  Treasury hearing live: Bessent vows to get US’s ‘fiscal house in order’

  Financial Times - 10m