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Bank of America Newsroom
Musk is worth 447 billion US dollars and is the first “400 billion dollar millionaire” of adults
Tesla shares rose 5.9% on Wednesday to close at $424.77, a record high, surpassing the previous record of $409.97 set on November 4, 2021. Since this year, Tesla's stock price has risen cumulatively by about 71%, and has soared by about 69% since Trump won the US election. Driven by this, Tesla CEO Elon Musk's net worth skyrocketed by 62.8 billion US dollars overnight to reach 447 billion US dollars, making him the first superrich person on Earth with a net worth over 400 billion US dollars. Musk's current net worth is higher than Jeff Bezos, who is second on the Bloomberg Billionaires Index
Bank of America Options Spot-On: On December 11th, 125.84K Contracts Were Traded, With 3.34 Million Open Interest
The CEO of Bank of America stated that sales and Trade business in the fourth quarter is expected to reach a new high, with Investment Banking business revenue surging.
Bank of America CEO Brian Moynihan said that the quarterly revenue trend of the bank's investment banking business will increase by at least 25% year over year, while sales and trading business are expected to reach new highs. Moynihan said at the Goldman Sachs Financial Services conference on Wednesday that investment banking revenue for the fourth quarter could exceed $1.4 billion as deals “continue to grow.” Analysts had predicted that the investment banking revenue of the second-largest bank in the US would be close to 1.5 billion US dollars, which is equivalent to an increase of about 27%. Meanwhile, Moynihan said the sales and trading business should once again record year-on-year growth, now
Bank of America CEO Sees Net Interest Income Moving up the Ladder From $14.3B in Q4
Bank of America Corporation (BAC) Goldman Sachs 2024 U.S. Financial Services Conference (Transcript)
Express News | Bank of America CEO Brian Moynihan Says the US Needs to Finalize Basel Capital Regulation - Conference
Express News | Bank of America CEO Brian Moynihan Says Have More Confidence in Nii and Will Keep Building Through Next Year
Express News | Bank of America CEO Brian Moynihan Says Companies Are Feeling Stronger Because of Favorable Environment in Trump Administration
Express News | Bank of America CEO Brian Moynihan Says US Consumers Are in Pretty Good Shape
What's Going On With Bank Of America (BAC) Shares
SpaceX share buyback valuation soars to $350 billion
Musk's SpaceX company reached a valuation of 350 billion dollars by issuing additional shares. A copy of the takeover offer shows that SpaceX and investors agreed to buy $1.25 billion of shares from insiders at a price of $185 per share. This round of financing did not include raising new capital, as the takeover offer was a second sale of existing shares. Notably, as part of the offer, SpaceX will buy up to $0.5 billion in common stock, a rare share buyback showing the private company's financial position. The company usually provides a second round of financing twice a year to allow employees and their
Commodity Traders Close Out Worst Year Since Before The Pandemic
Market Climbs on CPI Inflation and Likelihood of Rate Cuts | Livestock
Express News | Reuters Next- Barclays US Consumer CEO Nealon Believes Banks' M&a and Partnerships With Fintechs Will Grow
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Express News | Reuters Next- Barclays Consumer CEO Nealon Says U.s Consumer Continues to Be Resilient, Spending in Cards Expected to Rise Around 4% in 2024
Express News | Reuters Next- Barclays US Consumer CEO Denny Nealon Says U.s Holiday Sales Are Beginning a Month Before Thanksgiving
Express News | Reuters Next- Bank of America's Matt Gellene Says Retail Investment Clients Are Not so Interested in Bitcoin
Express News | Reuters Next- Matt Gellene, Bank of America Head of Consumer Investments Says Bank Predicts 7% Higher Spending This Holiday Season
Bank of America Taps Adviser for Potential London Office Move