After incorporating the latest quarterly results, we are increasing the fair value estimate of Bank of America to $43.00 per share from $39.50 per share. Our fair value estimate is 1.60 times reported ...
The default rate in Europe’s €340bn high yield — or junk — bond market will climb to 5 per cent this year, according to a prediction from JPMorgan, the US bank. That is up from a rate of 3.3 per cent ...
Rohit Chopra had led the Consumer Financial Protection Bureau since 2021. Consumer groups praised his leadership, while Republicans have frequently attacked the agency.