Bank of America
Bank also seen making major headway in coming years on using up remaining deferred tax assets used to minimise Revenue bill since crash
Capital flows from institutional investors are driving up the price of tokens such as bitcoin
Loan loss provisions have thinned even as regulators highlight risks in commercial real estate market
Anything less than blowout earnings could cause a sell-off with one analyst warning of downside of up to 30%
Remuneration of $31m comes after boss pared back bank’s lossmaking push into retail banking
Bank of America fund manager survey suggests stocks may be vulnerable to any disappointments
Paul Coulson has handed the reins to new chair Herman Troskie, but Ardagh’s €10.7bn debt pile means he can’t sit back and take it easy just yet
Euronext Dublin was flat as the week drew to a close but other European markets gained
Lender expresses optimism about US economic outlook
Earnings are expected to have shrunk in last quarter of 2023 due to unpaid debts and impact of high interest rates
Some 60,000 jobs shed by world’s biggest banks in one of worst years for cuts since financial crisis
Collectively, the big Wall Street banks cut at least 30,000 staff in 2023 with more cuts expected next year
ECB will slowly cut rates, one cut per quarter, for remainder 2024 and into 2025 as euro zone economy heads for ‘soft landing’, says US bank’s head of Europe economics research
Bank of America has a €25 price target on Ryanair shares, which are trading at about €16.50 currently
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