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Investors’ risk-off mood is likely to continue well into November, according to Bank of America Corp.’s Michael Hartnett, in another sign of how jitters around the artificial intelligence trade and the US midterm elections have held back equity markets.
US equity futures rise as SpaceX's quarterly earnings and Elon Musk's remarks on a potential SpaceX-Tesla merger boost investor confidence. Citadel's Ken Griffin warns that investors are "almost certainly" in an AI bubble, while Deutsche Bank's Christian Sewing says he doesn't see one. Jensen Huang speaks at the Nvidia GTC event in Berlin. Tesla, Meta, and IBM are set to report earnings. Kallum Pickering of Peel Hunt joins "Bloomberg Brief" on the risks around debt-financed growth. Bernard Mensah, President of Bank of America International joins Bloomberg's Francine Lacqua for an exclusive conversation at the Berlin Global Dialogue. (Source: Bloomberg)
African companies’ hard-currency bond sales are running at the fastest pace in five years, according to Bank of America Corp, which predicts issuance will remain robust over the coming years.
Bank of America Corp. has kicked off the sale of investment-grade bonds, becoming the third major Wall Street firm to tap a turbulent market this week after reporting third-quarter results.
Regulators were on edge. After they’d pushed Bank of America Corp. to tweak a key compliance system to flag more suspicious transactions, the bank found it had missed a staggering amount: thousands of payments totaling $4 billion of activity.
Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% and equity trading down 10%. Chris Marinac, director of research at Brean Capital, examines the results on “Bloomberg Surveillance.” (Source: Bloomberg)
Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% to $2.55 billion and equity trading down 10% to $2.51 billion. The bank’s results were also hurt by a charge tied to a regulatory penalty over money laundering and sanctions violations. Kristine Aquino reports on Bloomberg Television. (Source: Bloomberg)
China could roll out additional economic support if growth weakened in the last three months more than Beijing could tolerate, according to Bank of America Corp.
Bank of America was fined more than $1.21 billion for money laundering and sanctions violations by US regulators. Katherine Doherty has more on "The Asia Trade." (Source: Bloomberg)