Shares of C, BAC, MS, GS and WFC took a heavy hit on Thursday's trading session after Trump announced sweeping tariffs, raising recession risks.
Bank of America only derived 55% of its 2024 revenues from net interest income, making it less dependent on Fed rate cuts compared to smaller peers. The bank's baseline outlook for 2025 is already quite conservative, indicating no substantial provision build is to be expected when it reports Q1 2025 results. I present three valuation scenarios for the convertible fixed-rate Series L preferred shares.
Bank of America (BAC 0.89%) has been a much better investment than Toronto-Dominion Bank (TD 0.94%) over the past decade. In fact, Bank of America's stock price return alone is better than TD Bank's total return, which includes reinvested dividends.
As a leader in the financial services industry, Bank of America (BAC -0.57%) has its hands in a wide range of markets. This includes consumer and commercial banking, capital markets, investment banking, and wealth management.
In the latest trading session, Bank of America (BAC) closed at $41.49, marking a -0.58% move from the previous day.
Bank of America (BAC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Bank of America stock dips in Q1. Let's try to understand how the stock is likely to fare for the rest of the year.
Bank of America (BAC -3.11%) is Warren Buffett's favorite bank and has been for years, despite Berkshire Hathaway selling some of its shares last year. It's now fallen to become the company's third-largest position, accounting for 10.1% of its equity portfolio, and investors shouldn't think there's lost love between Buffett and BofA.
Bank of America CEO Brian Moynihan weighed in on President Donald Trump's new auto import levies, how consumers are reacting to the administration's tariffs and the bank's expectations about interest rates.
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?
Bank of America (BAC) reachead $43.28 at the closing of the latest trading day, reflecting a +0.49% change compared to its last close.
Shares of Bank of America (NYSE: BAC) slid -5.30% over the past month, bringing their year-to-date loss to -4.18%.