Bank of America launches Erica chatbot

Bank of America has begun to roll out Erica, a chatbot that can help you check balances, reminds you about bills and answer your bank-related questions. Michelle Moore, head of digital banking at Bank of America, tweeted on Friday that Erica is now available to customers in Rhode Island. Moore said to expect additional updates in coming weeks. Moore first demoed Erica at fintech and payments conference Money 2020 in 2016. Employees of Bank of America began testing Erica last year. Starting small Major banks are often cautious when rolling out new consumer-facing technology, which explains why there is a very limited geographical debut for Erica. Similarly, JPMorgan Chase is testing its digital bank pilot Finn in St. Louis. Catherine Bessant, chief operations and technology officer at Bank of America, has said that ...

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3 Investing Misconceptions That Can Undermine Your Retirement

When investing we all make assumptions about the right criteria for choosing investments and the best way to manage risk. Unfortunately, TIAA-CREF's recent Built To Perform survey shows that our core notions about investing are sometimes seriously flawed or flat-out wrong. Here are three examples of misguided thinking identified in the survey that you should avoid if you want to invest effectively for retirement or any other financial goal. Misconception #1: Short-term results are the best barometer of performance. When researchers for TIAA-CREF asked 1,000 investors what time period was most important for evaluating an investment, more than half (52%) chose quarterly or annual performance rather than spans of three, five or 10 years. Nearly half (47%) of those polled also admitted that they had bought an investment ...

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This Huge, Quirky Stock Fund Beats the Market Year In and Year Out

Fidelity Low-Priced Stock is an enigma wrapped in a mutual fund. For instance, it is a domestic equity portfolio that invests more than a third of its assets overseas. And despite having nearly 17% of its holdings in Europe and the United Kingdom, Low-Priced Stock kept pace with its peers in the tumultuous week following Britain's surprising vote to leave the European Union. Such conundrums are par for the course for Low-Priced Stock, which gets its name from a peculiar requirement: To buy only stocks trading at $35 a share or less. That's a rather old-fashioned way to spot smaller, overlooked equities, yet you can't argue with the results. Legendary stock picker Joel Tillinghast has posted gains of 7.3% a year over the past decade, beating the market ...

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SAVE MONEY BY BUYING MATERIALS IN BULK

When it comes to a major construction project you will need to buy lots of materials. When it comes to your finishing touches, the same rules apply. For a major construction project you should consider buying Bulk Skirting Boards to meet the projects estimated skirting board needs. If you try to purchase some materials, including skirting boards you are likely to find it too expensive if you are buying smaller quantities. When it comes to choosing your Bulk Skirting Boards then you need to decide what vendor you are going to work with. There are lots of construction vendors that can help you, but you need to pick one for all your materials whenever possible so that you can maximize your savings. By purchasing in bulk from one ...

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4 High Financial Fees You Didn't Know You Were Paying

At the supermarket, shoppers receive detailed receipts of their scanned and bagged items. After restaurant meals, waitstaff hand diners itemized bills. But call out “Check, please!” to a financial services provider and the result might be a rundown of cryptic line items — 12b-1 Expense ratio — or a passing reference to Part 2 of Form ADV. Thanks to a new fee-disclosure rule from the Department of Labor, financial pros who offer retirement advice will have to disclose all costs associated with their services and products beginning in April. But a disclosure that meets the letter of the law might not tell you exactly how much you're paying in dollars and cents. To find out, you need to know what those fees are called, where they're referenced, and ...

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The top 9 reasons for personal loans

There are lots of reasons to take out a personal loan and plenty of advantages. Personal loans can be used to pay off credit cards and consolidate your outstanding debt, among other things. And, unlike other forms of financing, unsecured personal loans don't need to be backed by collateral. Those are just some of the advantages you can experience when you apply for a personal loan. Let's take a look at some of the other reasons for personal loans. Customize your personal loan rates today. 1. Consolidate debt One of the most common uses and reasons for personal loans is to consolidate debt. Imagine that you have multiple loans or even outstanding credit card debt and they all have varying balances due as well as interest rates. That's one of the fastest ...

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HP, Salesforce and More Earnings Coming Out This Week

24/7 Wall St. has put together a preview of a few major companies scheduled to report their quarterly results this coming week. The broad markets have pulled back handily from their all-time highs over the past two weeks. In fact, this past week saw one of the worst trading days of 2017. A strong earnings showing from these stocks could help the markets return to their highs. We have included the consensus earnings estimates from Thomson Reuters, as well as the stock price and trading history. Be advised that the earnings and revenue estimates may change ahead of the formal reports, and some companies change earnings dates as well. Salesforce.com Inc. (NYSE: CRM) will share its latest quarterly earnings on Tuesday. The consensus estimates are $0.32 in earnings per share (EPS) ...

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2018 Bull Market Outlook: Time for Cisco, Intel and IBM to Boost the Dow Even Higher

Now that 2017 has ended and 2018 has gotten off to a strong start, it's important for investors to consider how they want to be positioned for the year ahead and beyond. The Dow Jones Industrial Average (DJIA) and S&P 500 have risen more than 300% since their panic-selling lows back in March 2009, and that means this strongest bull market most investors have ever seen is nearing nine years old. Due to tax reform, increasing earnings and accelerated global GDP growth, most Wall Street strategists are calling for more gains in 2018. The Dow rose 25% and the S&P 500 rose by almost 19.5% in 2017. Those gains greatly outpaced the forecast at the start of 2017. 24/7 Wall St. has its own annual forecasting tool showing that ...

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