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Stock rises toward an 18-year high, after bank's net interest income hits a record and CEO Brian Moynihan cites strength across the board.
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Target market for Erebor will be businesses that are part of America's ‘innovation economy'
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Like its peers, Bank of America's Wall Street businesses helped fuel the quarter's results.
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Wall Street-centric banks like Morgan Stanley and peer Goldman Sachs are in an ideal moneymaking environment.
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Revival in core Wall Street businesses powers forecast-beating results across America's biggest banks
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Fed Chair Jerome Powell on Tuesday said the central bank is nearing a point where it will stop reducing the size of its bond holdings.
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Goldman Sachs gets the majority of its revenue from Wall Street activities including trading and investment banking.
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Brent falls as much as 3% on IEA report of recent build-up in shipments
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