Bank Of America Joins The List Of Banks With Rising Profits

Bank of America delivered a strong first-quarter performance, reinforcing a constructive backdrop for wealth advisors and RIAs assessing both market conditions and client positioning. The firm reported net income of $8.6 billion, representing a 17% increase year over year, with earnings per share of $1.11 exceeding consensus expectations of $1.01. Net revenue rose 7% to $30.3 billion, reflecting broad-based strength across business lines and continued operating leverage in a supportive economic environment.

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The Market Is Bullish Again Yet Investors Remain Cautious

Equity markets have staged a rapid and decisive recovery, retracing losses tied to the Iran conflict and reestablishing upward momentum.

Former US Treasury Secretary Yellen Says One Fed Rate Cut Possible This Year

(Reuters) - Former U.S.

Members Trust Company Is Proving Advisors Don’t Have to Choose Between Service and Scale

At a recent industry conference, Ken Lako, President & Chief Executive Officer of

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Advisor Technology

Workers Who Want AI Training The Most Are Using It The Least

(Yahoo!

Washington Wire

Chicago Fed President Austan Goolsbee: The Longer The War Goes On, The More A Rate Cut Gets Pushed Off

(Yahoo! Finance) - Though the market has been betting on an interest rate cut this year, the path for the Fed may not be so clear.

The Trust Advisor

Binance’s CZ Offers OKX Founder $1 Billion Bet Over Divorce Dispute

(CryptoAdventure) - Binance co-founder Changpeng Zhao (CZ) confirmed he is officially divorced and offered OKX founder Star Xu a $1 billion bet to prove it.

The Trust Advisor

Advisors Spend More Time Building Clients Wealth Than Planning For The Transfer Of It

Advisors spend years helping clients build wealth, but far less time is often dedicated to preparing families for how that wealth will actually transfer.

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JPMorgan CEO Jamie Dimon Downplays Private Credit Concerns: 'Not Particularly Worried'

The Trust Advisor

David Geffen Settles His Divorce From Donovan Michaels

FundFocus

10 Oil Stock Picks For A Prolonged Middle East Conflict: Goldman Sachs

FundFocus

Morgan Stanley Says Earnings Shield S&P 500 From Iran War

Companies

Wells Fargo Reports $36.2 Billion Of Private-Credit Exposure