|Bid||19.13 x 2200|
|Ask||19.17 x 900|
|Day's Range||19.15 - 19.21|
|52 Week Range||17.96 - 22.80|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||7.12|
|Forward Dividend & Yield||0.86 (4.54%)|
|1y Target Est||N/A|
FT premium subscribers can click here to receive Due Diligence every day by email. Warren Buffett holds many titles — the sage of Omaha, America’s favourite capitalist and the third-richest man in the world — but the one he’s most proud of still seems to be the chief executive of Berkshire Hathaway. The billionaire investor spent three hours with DD’s own Eric Platt and the FT’s Robert Armstrong and Oliver Ralph in his office in Omaha to reflect on his legacy, expectations and finding value in a booming market.
for Anadarko Petroleum, Wall Street dealmakers were not surprised. Occidental has forged close relationships with both banks, particularly Bank of America, where it has regularly poached high-level talent. It is also a reflection of how Occidental has approached the deal — at first hoping to strike a friendly merger before being outmanoeuvred by oil giant Chevron — and how symbiotic its relationship has become with Bank of America, where it has repeatedly relied on high-level talent as part of its strategic decision-making.
Bank of America Corp.'s annual shareholder meeting on Wednesday went smoothly compared to Wells Fargo & Co.'s contentious affair the day before.
It isn’t clear that U.S. corporate borrowers have learned lasting lessons from last year’s near-death experience. In fact, all but the most-indebted ones seem all too willing to borrow even more.
The Charlotte-based financial giant is on track to surpass its hiring goals in low- to middle-income communities.
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 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.
Learn about the USAA Money Market Fund and understand why it offers safety for short-term investors but leaves much to be desired where yield is concerned.
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.
Choosing the right indicators can be a daunting task for novice traders. It’s a much easier process when they focus their effects into five categories.
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
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.