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Pros Check mark icon A check mark. Pros Check mark icon A check mark. No minimum opening deposit Check mark icon A check mark. Eligible for new accounts after your child turns 13 Check mark icon A check mark. But if you'd like to open a savings account for your child, it only lets you open one of the bank's regular savings accounts as a joint bank account.

☆ Premarket stocks: Bad sign for stocks: Bond yields are white hot again
▼ + stars: | 2023-02-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

The recent global bond rally appears to be tapering off as investors are getting a cold wet dose of reality about Fed rate hikes. Bonds compete with stocks for investors’ dollars, and when yields go up, equities often go down. That tonal shift has sent stocks lower and Treasury yields higher, as investors rethink their views on the path of interest rates. The Federal Reserve’s efforts to date to bring down inflation while maintaining a strong labor market appear achievable, she added. “As a result, although Fed rate hikes could slow the labor market in the coming months, we think labor supply faces persistent headwinds in the longer run.”

☆ Top 10 things the Club is watching in the stock market Wednesday: Retail sales up, stocks dip, Airbnb soars
▼ + stars: | 2023-02-15 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

Retail sales for January came in higher than expected. Remember, retail sales are not adjusted for inflation, which of course remains elevated but growing at a slower rate in recent months. Earnings per share (EPS) of 48 cents versus 25 cents expected. Kraft Heinz (KHC) EPS beats: 85 cents versus 78 cents expected. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Charlie Munger still likes big banks and hates crypto
▼ + stars: | 2023-02-15 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

“I might have different ideas [than Buffett],” Munger said about bank stocks at the annual meeting for the Los Angeles-based newspaper publisher Daily Journal, where Munger was chairman until last year. Munger remains a board director at Daily Journal and is one of its top investors. Daily Journal, like Berkshire Hathaway (BRKB), is a conglomerate that also owns some individual stocks. Daily Journal’s portfolio is much smaller than Berkshire’s. Munger said he doesn’t want to sell Daily Journal’s bank investments because Daily Journal bought many of the stocks at the bottom during the 2008-2009 financial crisis.

☆ Wall Street puts Salesforce, Nvidia, Humana under the microscope. Here's our take.
▼ + stars: | 2023-02-14 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Club holdings Salesforce (CRM), Nvidia (NVDA) and Humana (HUM) are the subjects of fresh Wall Street research. The news: It's all about margins at Salesforce, Wells Fargo analysts wrote in a research note Tuesday. The news: Bank of America raised its price target on Nvidia stock to $255 per share from $215, while reiterating a buy rating. Regardless, the shift to accelerated computing , led by NVDA GPU, and away from conventional CPUs is structural," the analysts wrote. The sector's valuation is starting to "appear increasingly attractive," trading roughly 10% below its five-year-average forward earnings multiple, Oppenheimer analysts wrote in a note Tuesday.

☆ Here are Monday's biggest analyst calls: Apple, Roblox, Disney, Meta, Zillow, Ralph Lauren & more
▼ + stars: | 2023-02-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Monday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said the "year of efficiency" for Meta is just starting. Bank of America upgrades Ralph Lauren to buy from neutral Bank of America said shares of Ralph Lauren should outperform in this environment. Bank of America upgrades Fastly to buy from underperform Bank of America said the cloud computing company is on the "road to recovery." Bank of America reiterates Roblox as buy Bank of America said it's bullish heading into Roblox earnings on Wednesday. Bank of America reiterates Starbucks as buy Bank of America said it sees a margin recovery for Starbucks shares.

Read our review Read Our Review A looong arrow, pointing rightCiti vs. Bank of America vs. Chase Ssavings Account ComparisonsSee how Citi, Bank of America, and Chase savings accounts compare. Citi® Accelerate Savings Bank of America Advantage Savings Account Chase Savings℠ APY 3.85% (vary by location) 0.01% to 0.04% 0.01% effective as of 10/10/2022. Winner: Bank of America and Citi Bank of America and Citi tie in this category because their savings accounts stand out for different reasons. Citi Fixed Rate CD 3.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.25 out of 5 Stars Annual Percentage Yield (APY) 0.05% to 4.15% Minimum Deposit Amount $500 View Full Details Learn moreCiti Fixed Rate CD 3.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.25 out of 5 Stars Annual Percentage Yield (APY) 0.05% to 4.15% Minimum Deposit Amount $500 View Full Details Learn more at Citi's secure site. Which bank of the three, Citi, Bank of America, or Chase, is the safest?

Read our review Read Our Review A looong arrow, pointing rightCiti vs. Bank of America Savings Account ComparisonsCiti offers two savings accounts — Citi® Accelerate Savings and the Citi® Savings Account. Meanwhile, the Bank of America Advantage Savings Account may be a better choice if you find it easier to waive monthly service fees at Bank of America. Bank of America, Member FDICBank of America Advantage Savings Account Learn more at Bank of America's secure site. Citi Fixed Rate CD 3.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.25 out of 5 Stars Annual Percentage Yield (APY) 0.05% to 4.15% Minimum Deposit Amount $500 View Full Details Learn moreCiti Fixed Rate CD 3.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.25 out of 5 Stars Annual Percentage Yield (APY) 0.05% to 4.15% Minimum Deposit Amount $500 View Full Details Learn more at Citi's secure site. Winner: Bank of America Bank of America wins in this category since it is more likely to address customer issues, but keep in mind it's also been involved in public controversies.

☆ Here are Friday's biggest analyst calls: Intel, Apple, Amazon, McDonald's, Tesla, Sunrun, Meta & more
▼ + stars: | 2023-01-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Citi reiterates Apple as buy Citi says it's sticking with its buy rating heading into earnings next week. We maintain our Buy rating." Citi reiterates Intel as neutral Citi says it's standing by its neutral rating on the stock, but that Intel's earnings report on Thursday was "bad news." Wells Fargo reiterates Amazon as overweight Wells says it's standing by its buy rating heading into Amazon earnings on February 2. Argus reiterates Tesla as buy Argus says it's sticking with its buy rating after the company's earnings report earlier this week.

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Roku, Peloton, Plug Power, Target & more
▼ + stars: | 2023-01-26 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Piper Sandler initiates coverage of Albemarle as overweight Piper said in its initiation of the lithium company that it sees "sharp" earnings increases. Jefferies reiterates Alphabet as buy Jefferies said Alphabet's multiple is near a "15-year trough," which makes for an attractive risk/reward. Goldman Sachs reiterates Tesla as buy Goldman said it likes Tesla's "strong orders at lower prices" after the company's earnings report on Wednesday. Bank of America reiterates Peloton as buy Bank of America said it's bullish on Peloton heading into earnings next week. Needham reiterates Roku as buy Needham said it's bullish on Roku's decision to build its own TV.

☆ Some Wall Street analysts are predicting a market decline. Here's when that might happen
▼ + stars: | 2023-01-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

In Europe, the STOXX 600 has increased by more than 15% over the same period. - Jan. 24 UBS: STOXX 600 down 8% to 410 by Dec. - Jan. 11 JP Morgan: STOXX 600 up 3% to 465 by Dec. We believe that the current market rally will start fading as we move through Q1. - Jan. 23 Barclays: STOXX 600 up 6% to 475 by Dec.

☆ Final Trades: Bank of America, Advanced Auto Parts & more
▼ + stars: | 2023-01-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Bank of America, Advanced Auto Parts & moreThe "Halftime Report" traders give their top picks to watch for the second half.

☆ Here are Thursday's biggest analyst calls: Netflix, Meta, Apple, Tesla, Charles Schwab, Roblox, Amazon & more
▼ + stars: | 2023-01-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Bank of America downgrades Charles Schwab to underperform from buy Bank of America said in its double downgrade of Schwab that the Fed will stop hiking this summer, "removing a powerful near-term profit driver." Wells Fargo names Meta, Amazon and Alphabet top 2023 picks Wells says Meta, Amazon and Alphabet have "solid fundamentals" and should outperform in 2023. Deutsche Bank reiterates Tesla as buy Deutsche said the automaker could be a top performer in 2023. JPMorgan names Meta a top pick into earnings JPMorgan said Meta is well positioned into earnings next week. Bank of America reiterates Disney as buy Bank of America said the return of Bob Iger has been a boost to investor sentiment and that selling ESPN is not a slam dunk.

☆ Brian Sullivan's RBI: Bank of America's One Pick Per Sector Stock List
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBrian Sullivan's RBI: Bank of America's One Pick Per Sector Stock ListBrian Sullivan's daily RBI segment discusses Bank of America's top stock picks for the year.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Alphabet, Chipotle, Microsoft & more
▼ + stars: | 2023-01-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley downgrades Chipotle to equal weight from overweight Morgan Stanley said it's concerned about "traffic headwinds." Morgan Stanley upgrades Domino's to overweight from equal weight Morgan Stanley said Domino's is best positioned to handle a downturn. Morgan Stanley upgrades Church & Dwight to overweight from equal weight Morgan Stanley said it sees "fundamental inflection ahead." Morgan Stanley downgrades AutoNation to underweight from equal weight Morgan Stanley said it sees too many headwinds for shares of AutoNation right now. Morgan Stanley upgrades Kroger to equal weight from underweight Morgan Stanley said it sees more people eating at home.

☆ No fears on Friday the 13th
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Anshuman DagaIs there anything spooky about Friday the 13th? Well, certainly not for global equity investors as they cheered U.S. inflation data that showed the Fed's aggressive rate increases are having the desired effect. European equities, perched at nine-month highs, are poised to open on a strong footing on Friday. Fed policymakers expressed relief that inflation continued easing in December and signalled that a rate-hike slowdown was coming. Four American banking giants are forecast to report lower quarterly profits as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking.

☆ Here are Friday's biggest analyst calls: Tesla, Apple, Amazon, AMC, Netflix, Caterpillar & more
▼ + stars: | 2023-01-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Friday's biggest calls on Wall Street: Bank of America upgrades Caterpillar to buy from neutral Bank of America said in it sees a multiyear growth story for the industrial giant. Guggenheim downgrades Tesla to sell from neutral Guggenheim said numbers are too optimistic ahead of Tesla 's earnings later this month. Deutsche Bank downgrades Logitech to hold from buy Deutsche said it's concerned about weakening PC demand trends. Bank of America reiterates Alphabet as buy Bank of America said it's standing by its buy rating on the stock, but that it sees further headcount reductions this year. Bank of America names Netflix a top pick Bank of America said Netflix is one of the best positioned media company's for the permanent shift to streaming.

☆ Here are Tuesday's biggest analyst calls: Apple, Exxon, Amazon, Boeing, Spotify, Microsoft & more
▼ + stars: | 2023-01-10 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley downgrades Boeing to equal weight from overweight Morgan Stanley downgraded the stock mainly on valuation. Morgan Stanley names Taiwan Semiconductor a catalyst driven idea Morgan Stanley said it's bullish heading into the semiconductor company's earnings later this week "Comments on 2023 full-year guidance and semi cycle recovery are keys to watch. Morgan Stanley resumes Virgin Galactic as equal weight Morgan Stanley resumed coverage of the space flight company and says it has first mover advantage. Morgan Stanley reiterates Spotify as overweight Morgan Stanley said Spotify has several levers to pull and that it's a self-help story. JPMorgan reiterates Apple as overweight JPMorgan said it appears that iPhone lead times are moderating for Apple.

☆ Markets rally on signs inflation is abating, as investors look to next week's consumer price data
▼ + stars: | 2023-01-06 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

Later in the day, markets were also buoyed by the ISM's nonmanufacturing purchasing managers' index, which said the services industry contracted last month. The next big test will be December's consumer price index report, to be released Thursday. Meanwhile, the fourth-quarter earnings season kicks off next Friday, when the banks – including Club holding Wells Fargo (WFC) – are set to report. On Thursday, the December ADP employment report was released, showing an additional 235,000 jobs, well above the 153,000 expected by analysts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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$395 Apply now On Chase's website Apply now On Citi's website Apply now On Capital One's websiteHere are the best credit cards for Costco shopping. You'd be surprised to know that Costco credit cards aren't the best option. Annual Fee $0 Intro offer N/A Recommended Credit Excellent Regular Annual Percentage Rate (APR) 19.49% (Variable) Editor's Rating 4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 out of 5 Stars Our editor's ratings are primarily based on 3 things: simplicity, affordability, and value. Read our review Read Our Review A looong arrow, pointing rightThe best Costco credit card reviewsCiti Costco Anywhere VisaWhy the Citi Costco Anywhere Visa is worth it: As far as personal credit cards go, Costco has one — that's it. The Bank of America® Customized Cash Rewards Credit Card offers an equal or greater earning rate for Costco purchases than the above cobranded Costco cards in just about every category except gas stations.

☆ Wall Street names these 20 Club stocks as top picks for 2023. Here's the list and our takes
▼ + stars: | 2022-12-29 | by ( Paulina Likos | ) www.cnbc.com time to read: +16 min

Club take: We've pared back our position in AMD this year as the semicondcutor company worked through its inventory correction. The company has to do more in terms of managing its costs, but it will likely be a priority in 2023. Analysts described growth outlooks in these segments as "robust" and expect them to drive revenue growth and margin expansion. BofA calls the Club stock a "top tier operator" and expects the company to grow revenue in the coming year despite fears of an economic downturn. Analysts expect to see strong data center growth next year, a business they said could reach $20 billion by 2023.

It might not be a surprise that the three biggest financial institutions in the US are Bank of America, Chase, and Wells Fargo. Compare Bank of America and Chase and Wells Fargo Bank of AmericaChaseWells Fargo Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Editor's Rating 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Standout feature Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Bank of America Advantage Savings Account Chase Savings℠ Wells Fargo Kids Way2Save Savings Account APY 0.01% to 0.04% 0.01% effective as of 10/10/2022. Bank of America, Chase, and Wells Fargo are all FDIC insured.

☆ US stocks could surge 20% in the first 6 months of 2023 as the Fed wraps up its inflation fight, Wharton professor Jeremy Siegel says
▼ + stars: | 2022-12-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

US stocks could soar up to 20% in the first half of next year, Jeremy Siegel said. The Fed may cut interest rates to as low as 2% by the end of 2023, the Wharton professor said. Improved worker productivity might shore up company profits and buoy stocks, Siegel said. The Wharton finance professor and author of "Stocks for the Long Run" predicted the Fed will cut its benchmark interest rate to between 2% and 3% by the end of 2023. Improved productivity could support larger profit margins, and low real interest rates today by historical standards should underpin higher stock valuations, he continued.

☆ Elon Musk, Jeff Bezos, and the 6 other richest Americans have suffered a nearly $400 billion wealth wipeout this year
▼ + stars: | 2022-12-28 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

The eight richest Americans have seen close to $400 billion erased from their fortunes this year. Elon Musk's net worth has shrunk by $140 billion, while Jeff Bezos' wealth has slid by $86 billion. Meanwhile, Amazon founder Jeff Bezos' wealth has fallen by $86 billion, while Alphabet cofounders Larry Page and Sergey Brin have seen their fortunes shrink by a combined $91 billion. The upshot is that the eight richest Americans have seen an estimated $386 billion erased from their combined fortunes. That figure rivals JPMorgan's market capitalization, and comfortably exceeds the market value of Tesla ($345 billion), Nvidia ($352 billion), and all but a handful of America's biggest companies.

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