AI and political risks loom large in 2025
Bank of America says we are in a period of rising risk and rising return
Bank of America
Corporates and tech prove a potent partnership with Rethink funding
Rethink,a not-for-profit that backs other charities, has proved remarkably successful since its launch in 2016
Your retirement savings are increasingly tied to the fortunes of big tech
Unfortunately, diversification isn’t what it used to be
Warren Buffett’s Berkshire Hathaway halves stake in Apple
Cash holdings hit a record high as billionaire investor dumps $76bn of stocks for $47.2bn gain
European shares decline after falls for luxury and commodity stocks
Strong corporate results lead US markets higher as investors assess Trump’s chances of a White House return
Ryanair analysts cut price targets but keep the faith
Valuation remains unchallenging while buyback and dividend convert to 6% yield for shareholders
Should investors be alarmed by Iran-Israel war risks?
A massive regional conflict could see oil prices spiking across the globe
Bank of America added 200 roles in Dublin as EU hub’s profits jumped
Pretax profits rose by 158% last year to €1.73 billion, helped in part by rising interest rates
AIB’s capital relief plan to boost investor payouts, BofA says
Bank also seen making major headway in coming years on using up remaining deferred tax assets used to minimise Revenue bill since crash
Hypocrisy is everywhere with crypto and the banks
Capital flows from institutional investors are driving up the price of tokens such as bitcoin
Bad property debt exceeds reserves at largest US banks
Loan loss provisions have thinned even as regulators highlight risks in commercial real estate market
Nvidia investors betting on big earnings beat
Anything less than blowout earnings could cause a sell-off with one analyst warning of downside of up to 30%
Goldman Sachs hikes CEO David Solomon’s pay 24% despite weaker profits
Remuneration of $31m comes after boss pared back bank’s lossmaking push into retail banking
Are fund managers too bullish about stocks?
Bank of America fund manager survey suggests stocks may be vulnerable to any disappointments
No rest for the Cooler after exiting the hot seat at heavily indebted Ardagh
Paul Coulson has handed the reins to new chair Herman Troskie, but Ardagh’s €10.7bn debt pile means he can’t sit back and take it easy just yet
Mixed day of stock market trading as investors weigh inflation data against US bank earning reports
Euronext Dublin was flat as the week drew to a close but other European markets gained
Bank of America’s profits shrink as it ships $3.7bn in one-off charges
Lender expresses optimism about US economic outlook
Surge in bad debts strike a sour note at top US banks
Earnings are expected to have shrunk in last quarter of 2023 due to unpaid debts and impact of high interest rates
Some 60,000 jobs shed by world’s biggest banks in one of worst years for cuts since financial crisis
Collectively, the big Wall Street banks cut at least 30,000 staff in 2023 with more cuts expected next year
ECB to hold off on interest rate cuts until June, economist predicts
ECB will slowly cut rates, one cut per quarter, for remainder 2024 and into 2025 as euro zone economy heads for ‘soft landing’, says US bank’s head of Europe economics research
Ryanair investors cheer dividend policy as Bank of America predicts near 50% rise in airline’s share price
Bank of America has a €25 price target on Ryanair shares, which are trading at about €16.50 currently
Shares sink as workers push for a greater share of the pie
Labour costs account for 76% of company costs, so strikes could lead to lower profit margins
US earnings season proving a mixed bag
Companies are beating estimates but warning of weak demand ahead
Fund managers have mixed feelings about stocks
Current move towards cash looks more understandable, given rapidly rising interest rates
Are investors complacent about war risks?
Wall Street’s fear index is showing little sign of overt concern about events in Middle East and Ukraine
Investors demand highest premium in years to hold risky European debt
Spreads on euro-denominated junk bonds rise to widest levels since 2016
Bank of America’s third-quarter profits beat forecasts despite US downturn worries
Earnings growth trails rivals but lender buoyed by strong performance in investment banking and sales and trading
European markets edge lower after batch of downbeat company earnings
Investors keep eye on geopolitical tensions ahead of trip by US president Joe Biden to Israel
Drugmaker GSK sells €1bn stake in former consumer health unit Haleon
British medicines group and US rival Pfizer have both committed to selling down stakes over time to fund core pharma operations
Shares tread water despite hawkish central bank comments
Iseq index underperformed its peers, shedding 0.1%
Bank of Ireland lures London banker to head up property and project finance
Bank of Ireland hire is part of CEO of corporate and commercial banking Gavin Kelly’s overhaul of unit he took charge of in March
Fund managers are no longer bearish about stocks
Risk appetite has increased but remains low despite strong gains of recent months
Banking stocks tumble after Italy imposes shock windfall tax
Moody’s cuts credit ratings of 10 small to midsized US banks, while Bank of Ireland, AIB and PTSB suffer losses
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