Bank of America (BAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Bank of America has continued to outperform smaller, more spread-dependent banks, and Q2'24 should be the low point for NIM and net interest income. Leveraging past investments into technology, Bank of America should be able to pair slightly above-average revenue growth with above-average operating leverage, driving high single-digit pre-provision growth in '25-'26. Bank of America has opportunities to leverage growth in trading and investment banking that may not be fully appreciated, as well as core consumer growth opportunities in wealth and cards.
The upcoming US bank earnings season could bring a tidal shift for Bank of America Corp (NYSE:BAC), analysts at UBS said. So far this year, investor enthusiasm for BofA shares seem to lag that for money center bank rivals Citigroup, Wells Fargo and JPMorgan Chase, the analysts noted, though all four stocks have performed fairly in-line with one another.
JPMorgan Chase & Co. on Monday drew a downgrade to peer perform while Bank of America Corp. was highlighted as a top pick at Wolfe Research before the big banks deliver profit updates in the coming days.
The old saying of “it takes money to make money” doesn't apply to investing anymore. The democratization of Wall Street now allows investors with as little as $50 to invest in stocks to buy.
Stocks like Citigroup (C), JPMorgan (JPM) and Bank of America (BAC) are expected to maintain their momentum and keep scaling new highs.
Bank of America Corp BAC stock hit a new 52-week high of $40.96 on Tuesday, continuing its impressive run.
You don't have to shell out big bucks to buy quality stocks. There are a lot of great stocks available to buy for less than $50.
The industry's deposit growth is faring better than expected, an analyst says.
The banking sector has a reputation for being a lucrative space for investors. Not only do bank stocks pay out massive dividends and yield impressive returns, but they are also great options for investors looking to build strong portfolios.
Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong - without too much inflation - to ensure banks are doing okay. What's called the Fed's “stress test” ended last week, and despite some concerns about the state of consumer credit, most banks passed with flying colors.
Latin America's MercadoLibre is in an ideal position to capitalize on the region's impending mobile e-commerce boom. Despite its age and massive size, Alphabet still has several growth engines other than Google that it can put to work.