Bank of America Corp. is planning to open more than 500 new financial centers across the U.S. in the next four years. In connection with the expansion, BofA expects to hire more than 5,400 professionals.
On the M&A
Circle Internet Financial Ltd. — a mobile payments
In litigation-related
Less than two weeks following a deadly school shooting in Florida, State Street Corp. has disclosed plans to talk to weapons manufacturers and distributors on how they support the safe and responsible use of their products, Pensions & Investments reports. The company — whose money management arm, State Street Global Advisors, invests in firearms manufacturers — said that it will "seek to ensure that any shareholder resources used to influence legislation and regulations, or fund other advocacy efforts is consistent with the company's public views," the report adds.
Federal Reserve Chairman Jerome Powell will testify before the House Financial Services Committee today on the Federal Reserve's semiannual monetary policy report.
Two Canadian banks released their fiscal first-quarter earnings
In other parts of the world
Asia Pacific: Allianz closes takeover of Sri Lanka insurer; CBA to dispute rate-rigging claims
Europe: StanChart swings to FY'17 profit from year-ago loss; Swiss Life profit rises YOY
Middle East & Africa: Attijariwafa Bank FY'17 profit up 13.3%; Nene back as South Africa finance chief
The day ahead
Early morning futures indicators pointed to a lower opening for the U.S. market.
In Asia, the Hang Seng was down 0.73% to 31,268.66, while the Nikkei 225 rose 1.07% to 22,389.86.
In Europe as of midday, the FTSE 100 slipped 0.15% to 7,278.76, and the Euronext 100 slid 0.23% to 1,030.59.
On the macro front
The durable goods orders, the international trade in goods report, Retail Inventories [Advance], Wholesale Inventories [Advance], the Redbook, Richmond Fed manufacturing index, State Street Investor Confidence index and the FHFA house price index are due out today.
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