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US stocks ended sharply lower on Monday after Standard & Poor’s (S&P) revised its rating outlook on the United States to negative.

U.S. stocks suffered a rout after Standard & Poor's cut its outlook on the U.S. government debt, warning that the U.S. fiscal profile may become meaningfully weaker than that of other triple-A-rated countries if policy makers can't tame the budget deficit. The Dow Jones Industrial Average fell 140.24 points, or 1.14%, to 12201.59, led lower by Bank of America and Caterpillar, which each fell 3.1%.

Citigroup Inc's first-quarter profit fell 32 percent as shrinking loans and poor trading results pressured revenue while expenses surged.

Citigroup Inc's first-quarter profit fell 32 percent, slightly beating expectations, as the bank lost less money on bad loans. The third-largest U.S. bank said it earned $3.0 billion, or 10 cents per share, down from $4.4 billion, or 15 cents per share, a year earlier. Analysts on average had expected 9 cents per share, according to Thomson Reuters I/B/E/S.

Citigroup Inc's first-quarter profit fell 32 percent as bond trading revenue plunged and operating expenses jumped.

Citigroup Inc's first-quarter profit fell 32 percent, slightly beating expectations, as the bank lost less money on bad loans but struggled to grow its business.

Citigroup Inc is expected to report a drop in quarterly profit and revenue on Monday, as an uncertain trading environment and weak consumer loan demand hinder its efforts to move past the financial crisis.

Bank of America said it has hired Gary Lynch, a former director of enforcement at the U.S. Securities and Exchange Commission, to head its legal, compliance, and regulatory relations efforts.

Bank of America Corp's Merrill Lynch brokerage business provided a bright spot in an otherwise dismal first quarter for the bank, reporting sharply higher revenue and client assets as well as a net increase of nearly 200 financial advisers.

Merrill Lynch is giving some regional managers permission to offer unusually high upfront signing bonuses to attract top-tier brokers from rivals, according to several recruiters.

Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.

Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.

Bank of America Corp posted an unexpectedly sharp decline in first-quarter profit, plagued by losses in the mortgage business, and the bank named a new chief financial officer.

Bank of America Corp is expected to report a 9 percent drop in its first quarter profit, as U.S. consumer lending contracts and the costs for collecting on mortgages continue to rise.

US stocks ended slightly higher on Wednesday after President Barack Obama detailed his plans for cutting the deficit and the Federal Reserve reported encouraging news on the economy.

US stocks ended slightly higher on Wednesday after President Barack Obama detailed his plans for cutting the deficit and the Federal Reserve reported encouraging news on the economy.

US stocks are trading mixed in afternoon session on Wednesday as declines from financials and raw-material producers weighed.

For the first time in history, private investor [Gold] holdings now exceed official-sector holdings, said Philip Klapwijk - executive chairman of precious-metals consultancy GFMS - at a presentation in London's Canary Wharf today, commenting on last year's strong physical Gold Investment demand.

US stocks advanced in early trade on Wednesday as better-than-expected first quarter earnings from JP Morgan buoyed sentiment.

Big banks like Bank of America Corp and Citigroup Inc should be reclassified as government-sponsored entities and have their activities restricted, a senior Fed official said on Tuesday.

Level 3 Communications said it agreed to acquire Global Crossing for about $1.9 billion stock deal to boost its service portfolio.

After piloting the No. 2 U.S. bank through the financial crisis relatively unscathed, JPMorgan Chase & Co Chief Executive Officer Jamie Dimon is now being extremely well rewarded.

U.S. stock markets ended higher on Wednesday, led by gains from technology and banking sector stocks.

U.S. stock markets ended higher on Wednesday, led by gains from technology and banking sector stocks. Cisco Systems led gains in technology stocks after CEO John Chambers said in a memo to employees that the company has lost its way and will need to restore its credibility. Chambers suggested Cisco might change operations to narrow the company's focus.

U.S. stock markets ended higher on Wednesday, led by gains from technology and banking sector stocks.

US stocks ended mixed on Thursday as investors awaited Friday’s Bureau of Labor Statistics (BLS) jobs report and slightly weaker than expected economic reports on jobless claims even as Chicago Purchasing Managers index weighed on the sentiment.

Bank of America Corp won the dismissal of a bias lawsuit by black financial advisers at the former Merrill Lynch & Co who said they were paid lower bonuses than white counterparts to stay on when the companies merged.

The delay by the Federal Reserve Board in adopting final rules to limit debit-card interchange fees could benefit the largest banks.

U.S. stocks staged an afternoon rally Wednesday, led by materials companies, though investors continued to eye several overseas trouble spots warily.The Dow Jones Industrial Average rose 89 points, or 0.7%, to 12108 in late afternoon trade, led by Alcoa, which rose 3.3%. The gains were kept in check by a 1.5% decline for Bank of America, which said the Federal Reserve didn't allow it to boost its dividend. Wal-Mart Stores also was weak, falling 0.8%, as was DuPont, down 0.4%.