|Bid||34.65 x 800|
|Ask||34.68 x 41800|
|Day's Range||34.60 - 34.95|
|52 Week Range||26.21 - 35.72|
|Beta (5Y Monthly)||1.65|
|PE Ratio (TTM)||12.62|
|Earnings Date||Apr 14, 2020|
|Forward Dividend & Yield||0.72 (2.07%)|
|Ex-Dividend Date||Dec 03, 2019|
|1y Target Est||37.13|
The big U.S. banks reported earnings for the fourth-quarter of 2019, seeing decent top-line growth as a result of a strong U.S. consumer. But the bottom line earnings were helped by share buybacks.
Ten years into his leadership of Bank of America, and a quarter of a century in finance, Brian Moynihan has seen it all. The highs of boom times, the sharp lows of the late 1990s recession, which he describes as his “graduate school”, and the even darker days of the financial crisis and the lay-offs that followed.
DEEP DIVE Some investors are concerned the U.S. stock market may have gotten ahead of itself because price-to-earnings valuations have increased so significantly. The same couldn’t be said of the big U.
Despite its financial struggles, WeWork might not be out of the picture given its relationship with Amazon.
Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:
Investor sentiment mixed on banks' Q4 earnings, with the major players displaying top-line strength aided by higher fee income and loan growth, partly muted by margin pressure and elevated expenses.
Top Wall Street banks suffered a $558m drop in fees from advising on mergers and acquisitions in 2019, as a fall in overall dealmaking and lucrative cross-border transactions ate into their revenues. Bank of America, Citi, Goldman Sachs, JPMorgan Chase and Morgan Stanley generated $10.28bn in advisory revenues last year, down 5 per cent from the $10.84bn they reported the previous year, disclosures this week from the five banks showed.
Morgan Stanley reported profits of $1.30 a share for the quarter on $10.9 billion in revenue, both topping analyst expectations of earnings of $1.02 a share on $9.8 billion.
Morgan Stanley earnings and revenue easily beat Q4 views Thursday. Goldman Sachs earnings missed estimates Wednesday while revenue beat.
Bank of America Private Bank, formerly U.S. Trust, is doubling down on efforts to court more business from the country's wealthiest individuals, an executive told Reuters. By the end of this year, Bank of America Corp's private banking arm aims to double its adviser force from 2014 levels to 600 and expand to 40 markets from 20 in 2017. "We've made a massive investment in the business from a technology standpoint, people and real estate," said Katy Knox, president of Bank of America Private Bank.
Lawrence Elbaum, Partner and Co-Leader of Shareholder Activism at Vinson & Elkins LLP When it comes to environmental, social, and governance (ESG) concerns, activist investors tend to focus much more on the “G” than the “E” or “S” – and only after they have found an economic thesis for increasing shareholder value. Looking ahead, activists […]
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes? Let's find out.
Financial Services companies flourished despite a low-rate environment and remarkably outperformed analysts' estimates in fourth-quarter 2019.
Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman Sachs
Mike Tiedemann, Tiedemann Advisors CEO, joins Yahoo Finance with his take on the markets. He talks with Julie Hyman, Adam Shapiro, Andy Serwer and Oliver Pursche of Bruderman Asset Management.
Morgan Stanley is out with its latest earnings report. Yahoo Finance's Brian Cheung breaks down the details on On the Move.