Big Bank Exits Add Importance to Financial Planner Referrals for Reverse Mortgages

The exit of major banking institutions like Wells Fargo and Bank of America from the reverse mortgage market in the past decade has made the importance of forging referral partnerships with financial planners all the more important to the proliferation of new reverse mortgage business, since proximity to a variety of clients can be key to the origination of reverse mortgages for new clients. At the same time as reverse mortgage loan officers aim to expand their repertoire of advertising metho...
Tags: Finance, Bank Of America, New Orleans, Wells Fargo, Don, National Reverse Mortgage Lenders Association, Milano, University of Illinois Urbana Champaign, Giordano, Shelley Giordano, NRMLA, Michael Kitces, James Milano, Mutual of Omaha Mortgage, Academy for Home Equity, Weiner Brodsky Kider WBK

Lumber prices could spark a 18% rally in Weyerhaeuser as wood valuation suggests limited downside, BofA says

Josef Mohyla/Getty Images A rally in lumber prices could spark a 18% surge in shares of Weyerhaeuser, Bank of America said in a note on Tuesday.BofA upgraded Weyerhaeuser to a Buy rating, arguing that its valuation has little downside.The bank believes Weyerhaeuser could issue a special dividend of $2 per share in early 2022.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of Weyerhaeuser stand to rally 18% from Tuesday's close if lumber prices see a rebo...
Tags: Trends, Markets, Bank Of America, Trading, Stock Market, Weyerhaeuser, BofA, Matthew Fox, Lumber, Analyst Note, Lumber Price, Stock Market 2021, MI Exclusive, Lumber Outlook, Josef Mohyla Getty, Weyerhaeuser Bank of America

Dispute Your Overdraft Fee with This Exact Script (plus how to avoid fees in the future)

Banks like Bank of America, TD Bank, Citizens Bank, and Wells Fargo are notorious for overdraft fees, and it’s B.S.  Luckily, you can get your overdraft fees waived (using a simple negotiation script that we’ll provide for you) and beat the banks at their own game. First, let’s take a super quick look at how overdraft fees really work and break down the exact charges you can expect: What is an overdraft fee? An overdraft fee is a charge from your bank that occurs when you tak...
Tags: Money, Scripts, Marketing, Bank Of America, Citibank, Negotiation, Wells Fargo, PNC Bank, Charles Schwab, US Bank, Schwab, Cashapp, Finance Basics, Bank of America TD Bank Citizens Bank

The adoption of central bank digital currencies is 'inevitable' - though the US still has 2 problems to overcome, says Bank of America

The Eccles Building Brooks Kraft/ Getty Images The adoption of central bank digital currencies is "inevitable", according to Bank of America. However, the US needs to solve two problems: how to include unbanked Americans and dealing with retail transfers across borders. "Central banks have the power and the will to prevent a very bad outcome," the analysts said. See more stories on Insider's business page. The adoption of central bank digital currencies is "inevitable" due to numerous...
Tags: China, US, Trends, Bank Of America, Bank, Fed, CBDC, Ethan Harris, Isabelle Lee, Eccles Building Brooks Kraft Getty, Athanasios Vamvakidisthere

Here's more evidence that even $100,000 starting salaries can't persuade graduates to sign up to Wall Street's grueling hours

A man sits on the Wall street bull near the New York Stock Exchange (NYSE) on November 24, 2020 in New York City. Spencer Platt/Getty Images There's more evidence that would-be junior bankers are put off by Wall Street's grueling hours. Graduates are increasingly in favor of better work-life balance, according to a New York Times report. Insider has previously reported on the junior banker shortage. See more stories on Insider's business page. There's more evidence that a s...
Tags: Europe, London, US, Trends, Bank Of America, New York Times, The Times, Goldman Sachs, Times, Stephen, Jpmorgan, Stephen Jones, New York Stock Exchange NYSE, Mary Callahan Erdoes, New York City Spencer Platt Getty, Vince Iyoriobhe

10 things before the opening bell

JB Lacroix/Getty Images Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Plus, sign up here for Insider Investing, our weekly markets analysis newsletter.Let's get into it.1. Tech earnings have injected some caution into the market. Apple, Microsoft and Alphabet all reported Tuesday after the market closed. Futures steadied after the tech-heavy Nasdaq saw its biggest one-day fall in over two months. 2. Bank of America thinks lumber prices will ...
Tags: US, Newsletter, Trends, Markets, Bank Of America, Reddit, Brazil, Goldman Sachs, Shopify, Apple Microsoft, Jeremy Grantham, LPL, Opening Bell, LPL Financial, Phil Rosen, Solactive

Americans are Shopping Under the Influence, New Tools to Help You Monitor Cash Flow, Get Paid Faster, and Sell Your Unused Domains

Things Small Business Owners Need to Know 1—Reimagining “Open” for Business Wells Fargo expanded its existing efforts to support diverse- and women-owned small businesses by naming graphic designer and illustrator Sophia Yeshi as the bank’s first-ever artist-in-residence. For her first project as the Wells Fargo Artist in Residence, Yeshi reimagined the “Open” sign as a bold statement to symbolize the perseverance of millions of small business owners through the unprecedented challenges of the...
Tags: Google, Energy, Business, Godaddy, Bank Of America, Square, American Express, Bill, Canva, Wells Fargo, Right Now, PTO, Scottsdale Arizona, Ikon, Hot Topics, American Express American Express

7 Best Gambling Stocks to Buy

These are Bank of America’s top gambling stocks.
Tags: Bank Of America

3 reasons why lumber prices could stage a late summer rally, according to Bank of America

A Lowe's employee stocks lumber inside the home improvement store in New York. Reuters/Shannon Stapleton 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...
Tags: US, Trends, Bank Of America, Colombia, Canada, Mbf, Lowe, BofA, National Oceanic Atmospheric Administration, Matthew Fox, Canfor Corp, May Bank of America, New York Reuters Shannon Stapleton Lumber, George Staphos

'US strength likely to offset China weakness': Here's what 3 analysts expect from Apple's 3rd-quarter earnings report

Apple CEO Tim Cook. Roy Rochlin/WireImage/Getty Images Apple is scheduled to reports its third-quarter earnings on Tuesday after the market close.Analysts expect the iPhone maker to record $73 billion in revenue and $1.00 in earnings per share.The earnings reports comes as Apple trades near record highs with a $2.5 trillion valuation.Sign up here our daily newsletter, 10 Things Before the Opening Bell.Apple's third quarter earnings report after the market close on Tuesday will help inve...
Tags: Apple, China, US, Trends, Markets, Bank Of America, Goldman Sachs, Stock Market, Apple Stock, Goldman, Jpmorgan, BofA, Matthew Fox, Getty Images Apple, Apple s Services, Apple earnings

Bank of America® Unlimited Cash Rewards Card

Bank of America® Unlimited Cash Rewards Card Review
Tags: Bank Of America

Robinhood IPO hype - Dimon's successor - BofA nixes health checks

Kimberly White/Getty Images for Robinhood Welcome to Insider Finance. If this was forwarded to you, sign up here. On the agenda today:Six experts told us what to expect from Robinhood's hotly anticipated IPO. Here's what they said.A new bonus for Jamie Dimon leaves many to wonder: who will stick around long enough to succeed him?Bank of America employees no longer have to complete health checks before entering the office. Here's what else we learned from a leaked memo.Let's...
Tags: Amazon, New York, US, America, Trends, Bank Of America, Bloomberg, North Carolina, Robinhood, Jamie Dimon, Gamestop, Vlad Tenev, Wells Fargo, BofA, Dimon, John Lamparski Getty

10 things before the opening bell

JOHANNES EISELE/Getty Images Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Plus, sign up here for Insider Investing, our weekly markets analysis newsletter.Let's get into it.1. Bitcoin has surged by 15% to a six-week high above $38,000. Comments by influential investors and the prospect of one of the world's largest companies maybe accepting payment in bitcoin by the end of this year are fueling gains. Take a look at what's happening...
Tags: Amazon, China, US, Trends, Bank Of America, Beijing, Morgan Stanley, Didi, Bank of Hawaii, Phil Rosen, Tesla Hasbro

Power players transforming alternative investments at top wealth and asset managers

Ruobing Su/Insider; Samantha Lee/Insider Mainstream retail investors are trying to get into private market investments. Wealth and asset management firms are trying to meet clients' demand with new products and hires. Here are some of the people connecting firms and investors with alternative investments. Investors are flocking to the growing world of private markets.Asset managers and wealth management businesses have been scrambling to keep up with the demand from investors seeking ...
Tags: US, Trends, Bank Of America, Pimco, Morgan Stanley, KKR, Blackstone, Blackrock, Wells Fargo, Oliver Wyman, Larry Fink, Apollo Global Management, First Republic, Samantha Lee, Rockefeller Capital Management, Stephanie Drescher

The week the Delta variant threatened the economy

The Delta variant of the coronavirus is putting the unvaccinated at risk. Irfan Khan/Getty Images The highly contagious Delta variant of the coronavirus now makes up the majority of US Covid cases. Americans are getting worried, sending markets on a fleeting plunge this week. While economic data suggests a robust recovery, the Delta variant remains a threat. See more stories on Insider's business page. Just when Americans are getting into the throes of a hot vaxx summer, the Delta var...
Tags: Cdc, US, America, Trends, Bank Of America, Joe Biden, Delta, Fox News, Biden, Anthony Fauci, Vegas, New York Yankees, Irfan Khan Getty, Jake Lahut, Rochelle Walensky, Hillary Hoffower Andy Kiersz

US stocks close at record highs as investors cheer blockbuster earnings

Xinhua/Wang Ying/ Getty Images US stocks finished the week at record highs after a blockbuster week of earnings. Shares of tech giants including Snap and Twitter soared after earnings came in above expectations. Bitcoin hovered just above $32,000, gold was little changed, and oil edged higher. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks finished the week strong with all three major indexes closing at records Friday as investors cheered blockbuster t...
Tags: Google, Facebook, Asia, Twitter, China, US, Trends, Markets, Bank Of America, Bloomberg, Bitcoin, US Treasury, Stock Market, Nasdaq, Dow, Uae

Twitter could rise another 30% as ad spending is set to soar, Bank of America says

Twitter CEO Jack Dorsey. PRAKASH SINGH/AFP via Getty Images Twitter stock could rise by almost 30% to $90 per share, according to Bank of America analysts. BofA sees Twitter expanding in its advertising growth which took a hit during the COVID-19 pandemic. BofA reiterated its buy rating on the stock. See more stories on Insider's business page. Twitter stock could rise by about 30% as the social media platform stands to see further growth in advertising sales which have been recover...
Tags: Twitter, Trends, Markets, Bank Of America, Jack Dorsey, Twitter Ads, Afp, BofA, FactSet, Getty Images Twitter, Carla Mozee, Twitter earnings, Tech Stocks, Justin Post, Twitter Stock Price, Nasdaq 100

The Delta variant could make the American shopper go back into lockdown, BofA says

Bolstered by three rounds of stimulus checks, US consumers have been spending more. Justin Sullivan/Getty Images The Delta variant could hurt the American shopper, and the economy, BofA Research says. As the variant surges, economists predict a pullback in spending given concerns of catching it. They cited Michigan, where spending declined after February's Covid wave, despite no change in restrictions. See more stories on Insider's business page. Something may be changing in the A...
Tags: US, Trends, Bank Of America, Joe Biden, Delta, Fox News, Michigan, Biden, Donald Trump, Trump, Juneau, Justin Sullivan Getty, BofA, Zhou, Ethan Harris, Ayelet Sheffey

Here are the power players taking the lead on alternative investments at the biggest wealth and asset management firms

Ruobing Su/Insider; Samantha Lee/Insider Mainstream retail investors are trying to get into private market investments. Wealth and asset management firms are trying to meet clients' demand with new products and hires. Here are some of the people connecting firms and investors with alternative investments. Investors are flocking to the growing, often opaque world of private markets.Asset managers and wealth management businesses alike have been scrambling to keep up with the demand fro...
Tags: US, Trends, Bank Of America, Pimco, Morgan Stanley, KKR, Blackstone, Blackrock, Wells Fargo, Oliver Wyman, Larry Fink, Apollo Global Management, First Republic, Samantha Lee, Rockefeller Capital Management, Stephanie Drescher

Bank of America taps Epsilon for ad targeting in post-cookie world

Modified version of Epsilon's ad identifier creates targetable profiles locally within the bank's data center.
Tags: Advertising, Bank Of America, Epsilon

California’s thorough bungling of unemployment insurance system

The fight is on to shift the blame for California bungling the processing of unemployment insurance claims so badly that the state lost at least $11 billion, and maybe as much as $31 billion, to fraud. On Tuesday, state officials announced the appointment of a special counsel to assist in the investigation into fraudulent unemployment claims that resulted in mind-boggling sums of money flowing to international criminal organizations, swindlers and even prison inmates. McGregor Scott, who will ha...
Tags: California, Opinion, Bank Of America, Sport, Soccer, Hawaii, Editorials, Tokyo, Cnbc, Gavin Newsom, Scott, U S Department of Labor, Employment Development Department, California Chamber of Commerce, Newsom, Eastern District of California

Bank of America is offering crypto exchange-traded products for some of its clients, report says

Bank of America Justin Sullivan/ Getty Images Bank of America clears and settles crypto exchange traded products for selected clients, according to a report by Coindesk. Last week, the company said in an internal memo it plans to add a crypto research team. A Coindesk report on Tuesday said the bank was offering ETPs to some of its hedge fund clients. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bank of America is now offering crypto exchange-traded products fo...
Tags: US, Trends, Bank Of America, Ubs, Coindesk, CoinDesk CoinDesk, JPMorgan Goldman Sachs, Opening Bell Bank of America, Camomile Shumba, Coindesk Last

Investors are rushing to hedge oil bets after Delta variant jitters gave crude its biggest drop this year

Shutterstock Investors are trying to hedge their oil bets after Monday's beating, according to a Wall Street Journal report. Some particularly prescient traders had already hedged their position before Monday's oil turmoil. Analysts still expect oil to climb, arguing fundamental supply and demand dynamics are unchanged. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Oil took a beating during Monday's sell-off, leading investors to hedge their bets d...
Tags: Oil, Trends, Markets, Bank Of America, Delta, Ubs, Goldman Sachs, Goldman, Wall Street Journal, Futures, Options, Hedging, Mizuho Securities, Bob Yawger, Yawger, Opening Bell Oil

Company stock buybacks are on track to hit a record $1 trillion amid ongoing economic recovery

Drew Angerer/Getty Images US companies are set to spend a record $1 trillion on stock buybacks amid the ongoing economic recovery, according to a JPMorgan note.The surge in stock buybacks comes after the COVID-19 pandemic hampered the practice amid heightened economic uncertainty.Leading the charge is Apple's $90 billion stock buyback announced earlier this year.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Corporate share repurchases are returning with a ven...
Tags: Apple, Finance, US, Trends, Markets, Bank Of America, Trading, Stock Market, Fed, Jpmorgan, Tom Lee, Share Buybacks, Matthew Fox, Fundstrat, Stock Market Outlook, Stock Market Analysis

Bank of America is joining the growing number of banks that will allow clients to use various crypto exchange-traded products, report says

Bank of America Justin Sullivan/ Getty Images Bank of America will allow its clients access to a number of crypto exchange-traded products, according to a Coindesk report Tuesday. Last week, the company said it would allow some clients to trade bitcoin futures and plans to add a crypto research team. The company has joined JP Morgan, Goldman Sachs and UBS in creating crypto products and services in response to client demand. Sign up here for our daily newsletter, 10 Things Before the Openi...
Tags: US, Trends, Bank Of America, Ubs, Coindesk, JP Morgan Goldman Sachs, JPMorgan Goldman Sachs, Opening Bell Bank of America, Camomile Shumba

#646 Advice from a Nobel-Prize-Winning Scientist on Discovering Your Life’s Path

Listen to “#646 Advice from a Nobel-Prize-Winning Scientist on Discovering Your Life’s Path” on Spreaker.       On‌ ‌this‌ ‌episode‌ ‌of‌ ‌The‌ ‌Small‌ ‌Business‌ ‌Radio‌ ‌Show…‌ ‌ SEGMENT‌ ‌1 with Robert J. Lefkowitz,‌ ‌‌starting‌ ‌at‌ ‌0:00‌:‌ ‌ When we’re young, there’s so much pressure to figure out what we want to be when we grow up. But as we know, life doesn’t often work out the way we plan. Nobel prize winner Dr. Robert Lefkowitz is here to share that the sooner we let go and take life...
Tags: Small Business, Sales, Bank Of America, Banking, E-commerce, Economy, Flow, Bob, Purpose, Anthony Fauci, Intuit, Shopify, Stockholm, Radio Show, SVP, Duke University

71% of institutional investors say they will buy or invest in digital assets in the future - and over half already do, survey finds

Photo illustration of visual representations of digital cryptocurrencies Yuriko Nakao/Getty Images 71% of institutional investors say they will buy, or invest in, digital assets, a survey by Fidelity Digital Assets showed. Over half have already do so, with Asian markets leading the adoption, the survey showed. An increasing number of institutions have been expanding their digital asset and cryptocurrency offerings. Sign up here for our daily newsletter, 10 Things Before the Opening Bell...
Tags: Asia, Europe, US, Trends, Bank Of America, Bloomberg, Ubs, Morgan Stanley, Asia Europe, Opening Bell, Tom Jessop, Fidelity Digital Assets, Fidelity Digital, Yuriko Nakao Getty, Sophie Kiderlin, Fidelity Digital Assets Investors

Warren Buffett likely took a $6 billion hit on just 4 stocks during Monday's painful sell-off

Warren Buffett. REUTERS/Rebecca Cook Warren Buffett probably took a $6-billion hit on four stocks during Monday's sell-off. The investor's Apple, Bank of America, Coca-Cola, and American Express stakes fell in value. Buffett's Berkshire Hathaway has made over $150 billion in total gains on those positions. See more stories on Insider's business page. Warren Buffett likely suffered a $6 billion blow to his stock portfolio on Monday, as four of his biggest holdings slumped in...
Tags: Apple, Trends, Bank Of America, American Express, Berkshire Hathaway, Warren Buffett, Ibm, Goldman Sachs, Starbucks, Coca Cola, Berkshire, Buffett, Theron Mohamed, Rebecca Cook Warren Buffett

California to pay off $2 billion in unpaid utility bills to avoid shutoffs

Two years ago the Los Angeles Department of Water and Power shut off electricity at Will Hollman’s home in the San Fernando Valley, forcing the family to rely on a gasoline generator. In late June of this year, the department disconnected the water, too — despite a that Gov. Gavin Newsom . Hollman, his 10-year-old son and his 16-year-old stepdaughter endured 11 days of temperatures in the high 90s to low 100s without water or power. For 11 days, they camped out in air-conditioned grocery stor...
Tags: Business, News, California, Housing, La, Los Angeles, Bank Of America, Sport, Soccer, United States, Glendale, South Dakota, Starbucks, Brad Sherman, McDonald, South Los Angeles

Stock market sell-off batters energy stocks as Delta variant and falling oil prices worry investors

Shannon Stapleton/Reuters Energy stocks tumbled as the broader market sold off on Monday, with the S&P 500 Energy Index falling 4.5%. Fears surrounding the Delta variant were top of traders' minds, as the virus could threaten further lockdowns. Some observers still see oil rising over the long term as supply struggles to meet demand. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Energy stocks tumbled as the broader market sold off on Monday, with the S&P 50...
Tags: Energy, UK, Texas, Oil, Trends, Markets, ExxonMobil, Bank Of America, Opec, Delta, Ubs, Stocks, Oil Price, Goldman Sachs, Morgan Stanley, Goldman