|Bid||25.81 x 800|
|Ask||25.85 x 1000|
|Day's Range||25.81 - 25.85|
|52 Week Range||25.07 - 26.59|
|Beta (3Y Monthly)||-0.05|
|PE Ratio (TTM)||9.89|
|Forward Dividend & Yield||1.66 (6.50%)|
|1y Target Est||N/A|
J.P. Morgan made $9.2 billion in the first three months of the year. Bank of America said that it generated $7.3 billion. More than anything else that banks do, investors value net interest income, or the revenue that banks garner from collecting loan payments, minus the interest it pays to depositors.
Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Asset quality Bank of America’s (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter. The net
Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Revenues missed the estimate Bank of America (BAC) posted total revenues, net of the interest expense, of $23.0 billion. The revenues were roughly flat compared to
“The stock should remain a core holding,” Ken Usdin of Jeffries says, but now isn’t the time to invest new money in the name, saying there is “not enough upside.”
Why Bank of America’s Q1 Results Didn't Lift Its StockWhat restricted the upside in stock? On April 16, Bank of America (BAC) announced mixed first-quarter results. The YoY (year-over-year) improvement in the net interest due to continued growth in
U.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance. ...
Bank of America reported mixed Q1 results and predicted a slowdown in net interest income, likely hitting its fastest-growing consumer banking unit.
Tuesday's earnings report was another chapter in Bank of America Corp.'s recent success story. BofA had another record quarter and logged its 17th consecutive quarter of positive operating leverage.
Bank of America, the second-biggest U.S. bank by assets, followed rival domestic lenders by struggling to generate top-line growth in the latest quarter and suffering from a decline in trading revenue. Allowing for different tax treatments on some assets, Bank of America said revenue came in at $23.2 billion. Chief Financial Officer Paul Donofrio told analysts on a conference call that the bank anticipates its net interest income will rise by 3 percent in 2019, compared with 6 percent last year.
Lower Q1 Revenue Drags Goldman Sachs Stock Down(Continued from Prior Part)Analysts’ activity After Goldman Sachs (GS) posted mixed first-quarter results yesterday, KBW lowered its target price to $210 from $215, and BMO reduced it to $260 from
(Bloomberg Opinion) -- Bank of America Corp. didn’t sugarcoat the path forward for investors when describing its first-quarter results on Tuesday.
shares tumbled Tuesday after the second-biggest U.S. bank said lending income this year would be lower than Wall Street analysts projected as the economy slows and the Federal Reserve halts its three-year campaign to boost official interest rates. Net interest income -- what the bank collects on mortgages, credit cards and business loans minus what it pays out on deposits -- will grow by about 3% this year, the Charlotte-based bank's executives told analysts on a conference call. Last year, Bank of America's lending income increased by about 6%.
Net interest income will probably increase 3 percent for 2019, down from 6 percent last year and 5 percent in the first quarter, Chief Financial Officer Paul Donofrio said in a call with investors Tuesday. Consumer banks are reaping the benefits of the Federal Reserve’s four interest-rate increases last year and a relatively buoyant U.S. economy. Bank of America’s outlook is lower than the growth of more than 4 percent that analysts had expected, Buckingham Research Group’s James Mitchell wrote in a note to clients Tuesday.
Bank of America reported strong first-quarter earnings, but the stock slipped as management said net interest income will grow more slowly this year.
How Did Bank of America Fare in the First Quarter?Key takeaways Bank of America (BAC) posted mixed first-quarter results today. The bank’s revenues continued to benefit from higher net interest income driven by sustained growth in lending and
Yahoo Finance's Alexis Christoforous and Brian Cheung break down earnings for Bank of America and BlackRock.