Tesla, Alphabet, GM, Ford Lead Earnings Parade This Week As Market Struggles To Sustain The Summer Rally
14% of the S&P 500 companies have reported their June quarter earnings. The tech earnings season had a modest start last week with the earnings report from chip-equipment maker ASML. The coming week will see the official start of the tech reporting season. The blended earnings growth rate for the broader index remains healthy.
Benzinga · 7h ago
Big banks poised for multi-year inflection point, Wells Fargo's Mike Mayo says
Big banks poised for multi-year inflection point, Wells Fargo's Mike Mayo says. Central banks, capital markets, costs, credit and capital are working in their favor, he says. Mayo's favorite stocks in the sector are Citigroup, Bank of America, and JPMorgan Chase.
Seeking Alpha · 8h ago
Is Bank of America Stock a Buy Now After Earnings?
Bank of America reported second-quarter earnings that beat expectations. The megabank's stock is up 31% year to date. The bank is benefiting from a resilient economic backdrop and improving credit conditions. Bank of America stock is undervalued and has room for more upside.
The Motley Fool · 1d ago
Financials dominate in Q2 as Wall Street slides amidst concerns on tech - Earnings Scorecard
Seeking Alpha · 1d ago
22 out of 23 financial stocks deliver EPS wins on global banking strength - Earnings Scorecard
22 out of 23 financial stocks deliver EPS wins on global banking strength. The financial sector saw 23 more companies belonging to the S&P 500 Financial Sector report their quarterly results this week. Goldman Sachs, Bank of America and American Express were among the companies to report results.
Seeking Alpha · 1d ago
Berkshire Hathaway Sells Bank of America Stock Worth $1.5 Billion
Barron‘s · 1d ago
Bank of America Is Up 30% in 2024 – Is It Still a Smart Buy Now?
Bank of America has performed extremely well since bottoming out in late 2023. The banking giant reported impressive second-quarter results and an optimistic forecast. In this short video, I explain why the bank could still be worth a look for long-term investors. The bank has reported impressive results.
The Motley Fool · 1d ago
Warren Buffett's Berkshire Hathaway Sells 33.9M Bank Of America Shares, Worth $1.48B
Warren Buffett's Berkshire Hathaway has offloaded 33.9 million shares of Bank of America. The bank is one of the conglomerate's biggest shareholders. The transactions bring down Berkshire's ownership to about 999 million BofA shares. The conglomerate first invested in Bank ofAmerica in 2011.
Benzinga · 1d ago
Bank of America Corp. stock underperforms Friday when compared to competitors
MarketWatch · 2d ago
Validea Detailed Fundamental Analysis - BAC
NASDAQ · 2d ago
Press Release: Bank of America Declares Preferred Stock Dividends for Third Quarter 2024
Dow Jones · 2d ago
Bank of America Declares Preferred Stock Dividends for Third Quarter 2024
Bank of America Corporation's Board of Directors has authorized regular cash dividends on the outstanding series of preferred stock. Dividend payments are made on a quarterly basis. Bank of America is one of the world's leading financial institutions. The company's preferred stock is listed on the New York Stock Exchange.
PR Newswire · 2d ago
Bank of America's Preferred Stock, Series 2 Yield Pushes Past 7%
NASDAQ · 2d ago
JPMorgan, BofA, Schwab, other financial firms affected by global tech outage
Financials JPMorgan, BofA, Schwab, other financial firms affected by global tech outage. A number of financial firms were reportedly caught up in a worldwide IT outage stemming from a failed software update from CrowdStrike. Some bankers at JPMorgan Chase, Bank of America and other firms were unable to log on to their systems.
Seeking Alpha · 2d ago
CrowdStrike outage affects Schwab, E*Trade and other brokerages — preventing people from trading
MarketWatch · 2d ago
Banks Grapple With Technical Difficulties Following CrowdStrike Outage
The Wall Street Journal · 2d ago
Visa Vs. Mastercard Q2 Earnings Preview: Analyst Evaluates Credit Card Giants' Stability, Regulatory Pressures
Visa Inc and Mastercard Inc are set to report their quarterly earnings later this month. Visa reports Q2 earnings on July 23; Mastercard reports on July 31. Both companies are down about 5% over the past three months. JPMorgan analyst Tien-tsin Huang remains optimistic about the future of both payment giants.
Benzinga · 2d ago
BAC Stock Near 2-Year High Post Q2 Earnings: Too Late to Invest?
NASDAQ · 2d ago
Bank of America Says It's Poised to Start Growing Its Net Interest Income Again. Is It Time to Buy the Stock?
Bank of America reported mixed second-quarter results on Tuesday. The bank's net interest income fell by 3% in the quarter, but the company expects to grow again soon. Bank of America's stock jumped 2.21% after the report. The company's global markets segment saw strong revenue growth.
The Motley Fool · 2d ago
Major Money Center Bank Earnings Beat Estimates - Looking Under The Hood
Major Money Center Banks, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, all beat earnings estimates. Asset growth is stagnant, deposits are shrinking, loans are flat, net interest margin is declining, and asset quality is deteriorating. Non-interest income is strong, but concerns remain about the future of the big four banks.
Seeking Alpha · 2d ago
Webull provides a variety of real-time BAC stock news. You can receive the latest news about Bank of America through multiple platforms. This information may help you make smarter investment decisions.
About BAC
Bank of America Corporation is a bank holding company and a financial holding company. Its segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM includes two businesses: Merrill Wealth Management, which provides tailored solutions to meet clients' needs through a full set of investment management, brokerage, banking and retirement products and Bank of America Private Bank, which provides comprehensive wealth management solutions. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.