|Bid||532.98 x 1500000|
|Ask||575.75 x 1500000|
|Day's Range||568.00 - 568.00|
|52 Week Range||452.00 - 632.20|
|Beta (3Y Monthly)||-0.07|
|PE Ratio (TTM)||211.15|
|Forward Dividend & Yield||11.62 (2.18%)|
|1y Target Est||N/A|
Following mixed earnings results from the big banks, investors face a conundrum: embrace the promise of beating estimates at the risk of slower growth?
Bank of America today announced it has hired 4,700 individuals from low- and moderate-income communities over the last 18 months, bolstered by the 2018 launch of its Pathways career program. Nearly 30 percent of the company’s Consumer business teammates come from LMI neighborhoods, and the company is on track to exceed its 2018 commitment to hire 10,000 individuals over five years from LMI neighborhoods it serves.
The initial filing came almost a year after its biggest competitor, Huya Inc., listed in the U.S. last May. The duo, which operate like Twitch, are China’s top two video-game live-streaming platforms. Both companies are backed by Tencent Holdings Ltd., which plowed more than $1 billion into DouYu and Huya in the past year. DouYu said in the filing that its relationship with Tencent does not restrict the Chinese giant from collaborating with others.
Bank of America posted its first-quarter earnings on April 16. Revenue was down slightly from last year, totaling $23 billion, but net income rose to $7.3 billion from $6.9 billion last year. Earnings per share were 70 cents, beating expectations of 66 cents.
Taking a more integrated approach to financial stewardship, advisory firms are relying on teams offering both investment advice and related services. It’s paying off nicely for advisory practices and their clients.
Wall Street’s top six banks posted a decidedly mixed set of results for the first quarter, with retail banks generally triumphing over their more capital markets focused rivals and dealmakers having a better time of it than traders. Investor reaction was most decisive against Goldman Sachs. Analysts attributed the fall to Goldman’s decision to defer a much-anticipated strategic update until early next year.
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
Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 16 Apr 2019. New York, April 16, 2019-- ASSIGNMENTS:.
The bank started working with clients this month to help them with potential sales of corporate bonds denominated in the local currency, according to Eduardo Alcalay, Bank of America’s chief executive officer for Brazil. The securities will only be offered to professional investors, he said.
At JPMorgan Chase and Bank of America, bank deposits and loans grew and lending margins widened. Retail net interest income rose 11 per cent at Chase and 10 per cent at BofA, to $9.4bn and $7.1bn, respectively. “Look at the banks’ different businesses — corporate and investment banking is not a source of growth, and asset management is not [either].
State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said. The offering will be led by the investment banking units of JPMorgan Chase & Co and Citigroup Inc, along with the investment banks owned by Itau Unibanco Holding SA , Banco Bradesco SA, Bank of America Corp , Credit Suisse Group AG, Banco do Brasil SA , Banco Santander Brasil SA and HSBC Holdings Plc.
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.
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.