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by Tyler Durden
Thursday, Apr 15, 2021 - 08:05 AM
One day after stellar Q1 earnings reports by JPMorgan and Goldman and the latest clunker from Wells Fargo, this morning Bank of America was so eager to demonstrate that it was no slouch, it posted earnings about 2 hours early, its Q1 report hitting just after 520am ET, when it also reported big beats on the top and bottom line thanks to a solid jump in better-than-expected trading revenue, echoing the releases from JPMorgan and Goldman. And while CEO Brian Moynihan flagged better credit costs and progress in the pandemic, which he said points to an accelerating recovery, he conceded that “low interest rates continued to challenge revenue.” And in a hint of Wells Fargo, BofA s net interest yield slid to 1.68% from 2.33% a year earlier, trailing an estimate of 1.71%.
pennsylvania. eliminating 350 jobs entirely. it s not the news primeau expected when president trump pitched slashing corporate taxes. i think it s going to be a tremendous thing for our country, for of the workers. house speaker paul ryan went to a harley plant in wisconsin. tax reform can put parly-davidson on a much better footing to compete in the global economy and keep jobs here in america. harley soon announced a nearly $700 million stock buyback plan to award shareholders. but the company says the buyback authorization and a separate decision to open a facility in thailand are unrelated to tax reform and calls the closing of its kansas city plant a tough decision. domestic sales are down and it was based on our need to address the excess capacity we have in the u.s. we got lost in the shuffle. they just just threw us out on the streets. the tax law has brought benefits, including companies announcing bonuses and raising minimum wages, but a cnbc survey found only