Bank of America

Wall Street working from home may stay that way

Brokers at UBS are under the impression they won’t have to return to work until April 2021, while Morgan Stanley, Goldman Sachs and the nation’s largest bank JPMorgan, are alerting roughly half their workforces that they may not be coming back to their Manhattan offices until possibly well into next year. 

Morgan Stanley profit jumps 45% on trading boom

Morgan Stanley posted a 45% rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.

Bank of America earmarks $4B for coronavirus loan defaults

Net income of $3.5 billion, or 37 cents a share, still topped the 27-cent average estimate from analysts surveyed by Refinitiv. Both JPMorgan Chase and Citigroup posted double-digit profit declines earlier this week after shoring up reserves.

Mnuchin 'excited' over SBA loan start

A senior Treasury official says 17,500 loans worth $5.4 billion were awarded by close of  business on Friday, with 1,100 banks participating.