|Bid||30.72 x 1800|
|Ask||0.00 x 1100|
|Day's Range||30.55 - 30.85|
|52 Week Range||22.75 - 33.05|
|PE Ratio (TTM)||16.14|
|Earnings Date||Oct 15, 2018|
|Forward Dividend & Yield||0.60 (1.89%)|
|1y Target Est||34.57|
Aug.15 -- Claudio Piron, co-head of Asia rates and FX strategy at Bank of America Merrill Lynch, discusses the Chinese yuan and the yuan reference rate. He speaks on "Bloomberg Markets: Asia."
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Hackers are poised to steal millions in minutes according to an FBI warning to banks. Yahoo Finance's Seana Smith, Melody Hahm, Rick Newman, Dion Rabouin and Paul Schatz, President Heritage Capitol discuss.
Here’s a simple thesis on Amazon.com (NASDAQ:AMZN) stock: So long as Amazon keeps disrupting industries, AMZN stock will keep heading higher. Amazon pioneered e-commerce, stole significant market share from traditional retailers, and is now one of the world’s largest retailers. Amazon pioneered cloud services, stole significant market share from traditional IT players, and is now the world’s largest cloud company.
Jim Kelligrew, vice chairman and co-head of corporate and commercial banking at U.S. Bank, says this particular Development Network Chapter is an important one because it signals U.S. Bank's commitment to the Charlotte market.
During 2018, the return on Bank of America (NYSE:BAC) has been uninspiring, coming to about 5%. Yet various other large banks have posted worse returns than BAC stock; Citigroup (NYSE:C) and Wells-Fargo (NYSE:WFC) have generated negative returns.
Louisiana is using the bond market to stick up for the Second Amendment. The state’s bond commission voted 7 to 6 Thursday to ban Bank of America Corp. and Citigroup Inc. from working on its upcoming debt sale because of the banks’ "restrictive gun policies," the state treasury said in a statement. Bank of America and Citigroup are the two top-ranked underwriters of long-term municipal debt, according to data compiled by Bloomberg.
Citigroup’s (C) balance sheet has been growing at a faster pace in recent quarters. Its total assets increased 3% YoY (year-over-year) to ~$1.9 trillion at the end of the second quarter of 2018. It was mainly helped by higher deposits, new assets, increased lending, rate spreads, and broking assets. However, the disposal of some legacy assets and share repurchases partially offset the growth.
Acon Investments LLC, the buyout firm that owns a bankrupt Applebee’s franchisee, wants to recapitalize the restaurant operator while also leaving the door open for a new bidder to emerge in the chapter 11 proceedings, a lawyer for the franchisee said. The disclosure came during a hearing Thursday in U.S. Bankruptcy Court in Wilmington, Del., during which RMH Franchise Holdings Inc. faced off against Bank of America NA, which leads a group of secured lenders. The bank said last week that the restaurant operator, which sought protection from creditors in May, should put itself up for sale immediately before it gets to use any more cash to run its business.
Investing.com - The Dow had its best day in months as investors cheered bullish earnings from Walmart and optimism over U.S-China relations as both parties will resume trade talks.
Investing.com - Metal prices rebounded Thursday from a rout a day earlier as a subdued dollar and expectations for renewed U.S.-China trade talks supported sentiment, helping gold prices steady.
Bank stocks were hopping higher than most other sectors on Thursday. The relative strength gives ample reason to scour the sector for trade ideas. With that said, here’s why and how I would play BAC stock with options.
The country's second largest bank has been sending us some mixed messages about its plans for the market.
The Fed’s latest findings stated that the banks that have passed the test are properly capitalized to face a financial crisis. The Fed added that cumulatively, the 35 banks had built an extra over $800 billion in Tier 1 capital since 2009. With this, the banks that cleared the test were allowed to enhance their capital return policies, which is anticipated to be higher than last year.
Investing.com – The Dow posted tripled digit losses Wednesday as plunging oil prices sent energy stocks tumbling, and a rout in global markets hurt performance.
Many oil markets watchers have predicted a rise in oil prices as a result of U.S. sanctions on Iran, but only few bulls have predicted prices as high as $150 per barrel
, making it the first time Constellation has officially announced the names of the high-profile banks. Bank of America has committed to provide the credit facility for Constellation Brands to purchase roughly $4 billion in Canopy Growth stock to bring Constellation's stake in the company up to 38%. "The fact that Bank of America is providing the financing for the transaction provides another level of validation for the industry in general," said Paul Rosen, CEO of Tidal Royalty and co-founder and ex-CEO of cannabis company Cronos Group.
Bank of America stock is now up just 3.2% so far this year – below the 5.6% return of the S&P 500. A number of the bullish catalysts that led Bank of America higher after the U.S. presidential election are coming to pass. Interest rates are rising, helping net interest margin and Bank of America profits.
Wall Street stocks advanced and the S&P 500 was on track for its best day in three weeks on Tuesday as a rebound in the Turkish lira eased contagion fears and a string of healthy earnings boosted investor optimism. Gains were widespread as the S&P 500 and the Dow Jones Industrial Average looked set to end their four-day losing streaks. The Turkish lira recovered some ground after plunging to an all-time low on Monday as the country's central bank took steps to ease pressure on the currency.
U.S. stock futures are trending higher this morning. Wall Street appears to have shaken off troubles coming out of Turkey, after the country’s central bank pledged to provide “all the liquidity” its financial institutions needed. About 16.6 million calls and 16.1 million puts changed hands on the session.
The conventional wisdom is that higher interest rates are bad for stocks. Selling attributed to a rate hike may simply be profit-taking or normal market gyrations. U.S. stocks, in particular, generally do well as interest rates are rising.