Higher interest rates are expected to drive up
Bank of America
‘s fourth-quarter revenue, even as the bank is projected to see a drop in profits.
Bank of America (ticker: BAC) is forecast to post revenue of $24.2 billion, up from $22.1 billion in the year-ago quarter, according to analysts surveyed by FactSet. Earnings, meanwhile, are expected to drop by 9% to $6.4 billion, or 77 cents per share.
Stocks finished Thursday's trading session higher during a volatile session that followed the Federal Reserve's signal on Wednesday that the...
The Dow Jones Industrial Average whipsawed in late trading Thursday. A basket of homebuilding stocks, which have been acting well,...
Stocks were higher Thursday afternoon though off their best levels of the day as the Federal Reserve's signal on Wednesday...
CIO JournalProfessional-services company looks to slash costs and streamline operations, amid slowing IT spending
