Bank of America CEO Says Banks Ready for Crypto Rules

January 25, 2025

Catenaa, Saturday, January 25, 2025 – Bank of America CEO Brian Moynihan has signaled that the banking industry is prepared to adopt cryptocurrencies for payments—if regulatory clarity is established. Speaking at the World Economic Forum on Tuesday, Moynihan emphasized the importance of clear rules to unlock the sector’s potential in crypto transactions.  “If the rules […]

Bank of America Profit Up 10% on Interest Growth

April 15, 2025

Catenaa, Tuesday, April 15, 2025- Bank of America reported 10% jump in profits in the first quarter with growth in interest income and gains from a volatile market. The bank said its net income grew to $7.4 billion and earnings per share to $0.90 from $0.76 last year, while revenue was up by 6% year-over-year […]

Bank of America Signals Interest in Dollar-Pegged Stablecoin

February 28, 2025

Catenaa, Friday, February 28, 2025-Bank of America is considering launching a stablecoin tied to the US dollar, CEO Brian Moynihan said Tuesday, contingent on regulatory approval. Speaking at the Economic Club of Washington, DC, Moynihan acknowledged the growing role of stablecoins in the financial sector. “It’s pretty clear there’s going to be a stablecoin,” he […]

European Firms Secure $8.6B in Off-Market Deals

February 26, 2025

Catenaa, Tuesday, February 25, 2025– European block trades are off to their strongest start for the year since 2021, with about $ 8.6 billion in transactions so far in 2025, data compiled by Bloomberg on Tuesday said. A flurry of deals for chunks of European companies has seen about $ 8.6 billion in transactions since the beginning […]

Global Banks To Have 10% Gain In Revenue From US Tariffs

July 9, 2025

Catenaa, Wednesday, July 09, 2025- Global banks, including top US lenders, are expected to report a 10% gain in market revenue as traders cashed in on shifting US tariff policies. According to estimates from analysis firm Crisil Coalition Greenwich, there was a 15% gain in trading revenue in the first quarter for 12 global banks. […]

Goldman Sachs Raises Year End S&P 500 Target To 6,600

July 8, 2025

Catenaa, Tuesday, July 08, 2025– Goldman Sachs raised their year-end targets for the S&P 500 index to 6,600 on Tuesday, broadly driven by reduced policy uncertainty, corporate earnings and potential rate cuts. Goldman Sachs upped their target to 6,600 from 6,100, implying an upside of about 6% respectively to the last close of 6,229.28. This […]

Long Magnificent 7 Stocks Most Crowded Trades by August

August 11, 2025

Catenaa, Monday, August 12, 2025- Long Magnificent 7 stocks have been the most crowded trade in August as upbeat earnings and improved sentiment towards the global economy send investors back into stocks. According to a survey done by Bank of America, 45% of the 169 participants, who have $413 billion in assets under management, said […]

Major US Banks Exit Net-Zero Climate Alliance

January 6, 2025

Catenaa, Monday, January 06, 2025 – Bank of America, Citigroup, and Morgan Stanley have announced their departure from the United Nations-backed Net-Zero Banking Alliance (NZBA), following similar exits by Goldman Sachs and Wells Fargo last month.The is a notable move particularly in the current trend of major institutions moving towards cryptocurrencies as cryptocurencies use large […]

Oppenheimer Raises S&P 500 Target To 7,100 By Year End

July 28, 2025

Catenaa, Monday, July 28, 2025- Oppenheimer Asset Management on Monday raised its year-end target for the S&P 500 index to 7,100, betting on easing trade tensions and strong corporate earnings. The asset manager raised its S&P 500 year-end target to the highest level among the Wall Street brokerages, and its current target implies an 11.13% […]

US Banks To Show Trading Gains From Trump’s Tariff Turmoil

July 11, 2025

Catenaa, Friday, July 11, 2025- US banks are expected to show trading revenue gains from the 90 days that followed President Donald Trump’s reciprocal tariff announcements. Data compiled by Bloomberg shows that six of the biggest US banks are scheduled to disclose second-quarter results next week, with analysts predicting trading-revenue increases for all of them.  […]

Wall Street Banks Get Rid Of Musk’s $13B Debt Tied To X

April 30, 2025

Catenaa, Wednesday, April 30, 2025– Wall Street banks have finally got rid of the $13 billion debt tied to Elon Musk’s 2022 buyout of the social media platform now known as X, the Wall Street Journal reported. Quoting sources familiar with the matter, WSJ said that investors purchased the remaining $1.2 billion in loans on […]