From MarketWatch: 2024-05-01 12:12:00

In a recent podcast, Motley Fool analysts discuss the $1.5 billion in net charge-offs at Bank of America, the comeback of wealth management at Merrill Lynch, and Imax’s cash flow story. They also answer listener questions about tracking investments and life insurance. The Motley Fool Stock Advisor team reveals their 10 best stock picks, excluding Bank of America, which could provide significant returns. Big banks like Bank of America and Morgan Stanley are seeing growth in their wealth management divisions, benefiting from a growing stock market and an increase in older clients seeking financial advice. Despite the strong market and stock prices, companies have borrowed $573 billion this year as corporations invest in projects and take advantage of capital markets.



Read more at MarketWatch: Big Banks and Big Screens