Blustering Stock: Bank of America Corporation (NYSE:BAC), Newegg Commerce, Inc. (NASDAQ:NEGG)
Wednesday, 28 July 2021, 00:10:30
Bank of America Corporation (NYSE:BAC) with the stream of -0.47% also noticed, India Newegg Commerce, Inc. (NASDAQ:NEGG) encountered a rapid change of -1.76% in the last hour of Tuesdays trading The post Blustering Stock: Bank of America Corporation (NYSE:BAC), Newegg Commerce, Inc. (NASDAQ:NEGG) appeared first on Stocks Equity .
— Stock Equity
Office Of The Comptroller Of The Currency Announces Climate Change Risk Officer, Membership In The NGFS
Tuesday, 27 July 2021, 23:44:25
The Office of the Comptroller of the Currency (OCC) today announced the appointment of Darrin Benhart as its Climate Change Risk Officer and its membership in the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). Prudently managing climate change risk is a safety and a soundness issue, said Acting Comptroller of the Currency Michael J. Hsu. The changes announced today will enable the agency to be more proactive in accelerating the development and adoption of robust climate change risk management practices, especially at the larger banks. In May, Acting Comptroller Hsu indicated that the agency would be taking a two-pronged approach to act on climate change: engaging and learning from others and supporting the development and adoption of effective climate risk management practices at banks. Todays moves facilitate action on both fronts. As the primary prudential regulator of approximately 70 percent of the assets in the U.S. commercial banking system, the OCC is joining NGFS to collaborate with central banks and peer supervisors to share best practices and contribute to the development of climate risk management in the financial sector. I am especially excited to announce the appointment of Darrin Benhart as the OCCs first Climate Change Risk Officer, Acting Comptroller Hsu said. Having Darrin in this newly created position will significantly expand the agencys capacity to collaborate with stakeholders and to promote improvements in climate change risk management at banks.
3 reasons why lumber prices could stage a late summer rally, according to Bank of America
Tuesday, 27 July 2021, 19:52:14
Summary List Placement Lumber prices could be due for a late summer rally after falling more than 70% from its recent peak, BofA says. The bank said wildfires and hurricanes could push the price up in coming months. Here are three things that could send lumber prices higher before the summer is over. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . Lumber prices could be due for a late summer rally after falling more than 70% from their peak in May, Bank of America said in a note on Tuesday. The commodity, an instrumental material in most home construction, has experienced heightened volatility this summer as supply and demand shocks sparked by the COVID-19 pandemic hit lumber yards and sawmills across the US and Canada. Lumber futures were down 7% in Tuesday trades, and are down more than 20% in July. But Bank of America believes the continuous boom and bust cycle for lumber could once again enter the boom phase over the next few weeks. “A better-than-expected demand outlook would prompt an inventory rebuild and could spark a large move in pricing,” BofA analyst George Staphos and team said.
— Business Insider Markets
Is Wells Fargo a Value Trap for These Hedge Funds?
Tuesday, 27 July 2021, 19:30:17
The bank is still struggling to recover from its fake accounts scandal Check out Michael Price Stock Picks » Download GuruFolio Report of Michael Price (Updated on 07/26/2021) , Check out Charlie Munger Stock Picks » Download GuruFolio Report of Charlie Munger (Updated on 07/26/2021) , Check out Francis Chou Stock Picks » Download GuruFolio Report of Francis Chou (Updated on 07/26/2021) Related Stocks: WFC , DJCO , BAC ,
BofA clients break selling streak, buybacks hit three-month high
Tuesday, 27 July 2021, 18:12:53
No summary available.
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