Bank of America reaffirmed its year-end price target of 7,100 for the S&P 500, representing a 5% drop from the week’s closing level.

20,000 layoffs, 14 markets exited, one flatter bank—Jane Fraser’s Citi playbook is working. Wall Street wants to know what’s next.

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.