bankofamerica

These Are The Ten Biggest Banks In The World

Banks play a very important role in the economy. They provide a range of services, including lending, deposits, investment banking, currency exchange and wealth management. Their services are not just for individuals but for businesses and institutional clients as well. Without a proper banking system, it is almost impossible for an economy to continue growing. So, it wouldn’t be wrong to say that banks are the lifeline of an economy. Detailed below are the ten biggest banks in the world. Q4 2020 hedge fund letters, conferences and more Ten Biggest Banks In The WorldOur list of the ten biggest...

Bank of America Announces Net-Zero Financing Goal

BERKELEY, CA—FEB. 11, 2021—Today, Bank of America announced its commitment to achieving net-zero greenhouse gas emissions from its financing activities by 2050, following an earlier announcement to measure and disclose its financed emissions through the Partnership for Carbon Accounting Financials (PCAF). Bank of America joins Morgan Stanley and JPMorgan Chase as the largest U.S. banks committed to achieving net-zero-financed emissions. Investors expect other major banking institutions will follow Bank of America’s leadership in setting net-zero by 2050 financed-emission goals. Shareholders ar...

A Mixed Bag Of Mega-Cap Financial Firms’ Earnings

Commenting on the earnings of mega-cap financial firms and today’s trading Gorilla Trades strategist Ken Berman said: Q4 2020 hedge fund letters, conferences and more Investors Remain Eager To Buy The DipFollowing Friday’s deterioration, today’s bounce in stocks was crucial from a short-term perspective. With the busy political and earnings calendars in mind, today’s relatively low-volume rally might prove temporary, but it once again confirmed that investors remain eager to buy the dip thanks to the bullish long-term outlook. The main sectors continued to diverge substantially today, with esp...

Bank Of America And Goldman Sachs Report Mixed Earnings

Commenting on the earnings of Bank Of America and Goldman Sachs, and today’s trading so far, Gorilla Trades strategist Ken Berman said: Q3 2020 hedge fund letters, conferences and more Bank Of America And Goldman Sachs Report Disappointing RevenuesThe major indices are all trading slightly higher at midday following a very active and slightly bearish morning session on Wall Street.Stocks opened broadly higher following the long weekend, recovering from last week’s shallow pullback, with politics and the ongoing earnings season making headlines. Bank of America (BAC, -0.5%) and Goldman Sachs (G...

From The Impatient To The Patient

“The stock market is a device which transfers money from the impatient to the patient.” – Warren Buffett Q3 2020 hedge fund letters, conferences and more Avoiding A Stock Market FailureAs we enter 2021, it appears that Buffett had things upside down in 2020. The things which had gone up the most by the end of 2019, went up the most in 2020. We invest on behalf of clients who want to avoid stock market failure and history shows most investors are impatient and are like a car stalled on the railroad tracks. A picture of the most impatient investors/option traders tells the story: Fortunately, it...

Anti-trust lawsuits should not scare investors, here is why

16 Stocks For 2021

16 Stocks For 2021, by Dr. David Kass Q3 2020 hedge fund letters, conferences and more Our expert’s picks have outperformed. Here are his latest. SMITH BRAIN TRUST – Maryland Smith’s David Kass has made his list and checked it twice. And he’s adding a few new stocks to his expanded semi-annual “nice” list of 16 stocks to watch for 2021. Once again, his midyear picks did very well, returning +30% (before dividends) over the latter six months of 2020, compared to the Dow Jones Industrial Average’s approximate return of +16% and S&P 500’s +18%. The best performers in Kass’ portfolio were upscale ...