News 

A massive new survey suggests that global populism could well have peaked

“The survey, conducted with collaboration from research firm Qualtrics, found 57% of global respondents said that immigration was mostly good” writes Callum Burroughs for businessinsider.com. Populism may be on the wane, according to a massive new survey that its authors say “debunks” headlines suggesting people are against immigration and global cooperation.In Western Europe, only 20% of those surveyed suggesting upward social mobility was common. Source: businessinsider.com

Read More
Crypto News 

Early adopters show blockchain’s big potential for Latin America

“The eagerness of many early adopters across Latin America may be attributable to the fact that the region could stand to gain so much from blockchain” writes Dave Mejia for venturebeat.com. In Latin America’s emerging markets a lack of trust in financial and political institutions has long hampered financial inclusion, political participation, and entrepreneurial ambition.A number of nations across Latin America, then, are proving themselves pioneers in the world of blockchain.Blockchain-based fintech platforms could thus help increase financial inclusion and empower a consumer market of an estimated 400 million unbanked…

Read More
News 

Corporate America ramps up attacks against shareholder advisory firms

“These attacks are coming from some activist investors, proxy advisory firms” and some politicians” reports washingtonexaminer.com. Top lobbying firms are intensifying attacks on proxy advisers, with corporations seeking to rein in firms serving the interests of the shareholders who ultimately own them, as regulators consider new rules.Jack Reed, D-R.I., David Perdue, R-Ga., Thom Tillis, R-N.C., and others that would mandate the SEC regulate proxy advisers.The agency might also raise the minimum ownership stake necessary for a shareholder to file a proposal that could — if it won majority support —…

Read More
News 

Bank of America sees consumer digital banking momentum accelerate in Q4 2018

“The bank marked 36.3 million active digital banking users; 26.4 million active mobile banking users, as well as 1.5 billion logins to its consumer banking application” reports financefeeds.com. Digital sales accounted for 27% of all Consumer Banking sales, whereas 49% of all digital sales came from mobile.The consumer banking segment registered net income of $3.3 billion in the fourth quarter of 2018, up $1.1 billion or 52% from the year-ago quarter.Underlining a trend already exhibited in the third quarter of 2018, Bank of America’s consumer banking segment continued to see…

Read More
News Stocks 

Cramer calls Bank of America the ‘Amazon’ of financial stocks

“Bank of America posted the strongest earnings numbers of the big banks so far, CNBC’s Jim Cramer contended Wednesday, while comparing BofA to e-commerce giant Amazon” writes Berkeley Lovelace Jr for cnbc.com. “Bank of America is a growth stock after this,” Cramer said on “Squawk Box” after the bank reported better-than-expected profit and revenue for the fourth quarter.Cramer, who predicted last week that Bank of America could surprise to the upside, praised the bank’s efforts into digitization, adding the bank “is the best, is the best so far.”. Goldman Sachs,…

Read More
News Stocks 

Goldman Sachs and Bank of America earnings are adding steam to the rebound in bank stocks

“Bank of America and Goldman Sachs gave a new lift to a strengthening banking sector, reporting better-than-expected earnings for the fourth quarter” writes Andrew Bary for marketwatch.com. The bank index was up another 1% Wednesday morning.Even with the recent rally, Bank of America shares are inexpensive, trading for under 10 times projected earnings of $2.82 for 2019 and yielding 2.2%. Source: marketwatch.com

Read More
News Stocks 

Bank of America cut its workforce last year, but personnel costs per employee rose

“At the same time, personnel expense slipped just 1.6% to $31.88 billion, which lifts the personnel expense per employee by 2.2% to $155,901 from $152,506” writes Reporter Editor for marketwatch.com. The stock has declined 15.0% over the past 12 months through Tuesday, while the S&P 500 SPX, +0.26% has slipped 6.0%.”While there is still room for further improvement, the bank is nevertheless addressing the necessity of having a more flexible cost structure head-on.”. “Bank of America’s quarterly results demonstrate the bank’s ability to adapt its expense structure to market conditions,”…

Read More
Markets News Stocks 

History says Apple’s slumping stock will hold tech back from beating the market, according to Bank of America

“Bank of America’s analysis underscores the outsized impact Apple has on its big-tech peers and the broader stock market” writes Finanzen Net Gmbh for businessinsider.com. Apple shares have come under pressure since the company’s quarterly revenue announcement last week shook shareholders and slammed the broader market.The strategists looked at the performance of the S&P 500’s tech sector relative to the broader market during periods when Apple shares have fallen by more than 30%. Source: businessinsider.com

Read More
News 

America has more female lawmakers than ever — yet it still lags far behind other nations

“And on the world stage, many countries have much higher proportions of female lawmakers in their legislatures” writes January At Am for washingtonpost.com. According to recent data from the Inter-Parliamentary Union, the country with the highest percentage of female lawmakers is Rwanda, where the lower house of parliament is currently 61.3 percent female. Source: washingtonpost.com

Read More