Wall Street’s so-called fear gauge has dropped this week, as the U.S. stock market appeared relieved that Treasury yields retreated from their recent climb. The Cboe Volatility Index was down 3.5% on Friday afternoon at 16,
Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.
Wall Street has been seesawing for weeks as traders tear up their forecasts for what the Fed will do with interest rates in 2025. A further easing would boost the U.S. economy and prices for investments, but it could also give inflation more fuel.
The company provided investors with an update ahead of its fireside chat at the ICR Conference, scheduled for Tuesday morning. It will report full results for the quarter in early March.
Bank of America made $6.7 billion of profit in the fourth quarter of 2024, more than doubling earnings from a year earlier and beating analysts’ estimates of $6 billion. The second-largest U.S. lender by assets posted per-share earnings of 82 cents,
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.
Wall Street finally has something to celebrate after starting the new year on a dour note. Wednesday’s sharp rally in the U.S. stock market triggered a sudden slide in Wall Street’s “fear gauge,” which was falling more than 11% to trade at 16.
Important earnings season ahead as investors look for positive signs that the US economy can continue to be resilient in 2025