Bank of America Corporation remains financially robust with a strong balance sheet and substantial earnings, despite a slight increase in non-performing loans. The Series L preferred shares offer a 6% yield and low conversion risk, making them attractive for income-oriented portfolios. The current market conditions and potential future interest rate cuts make locking in the 6% yield on preferred shares advantageous.
Bank of America Corporation BAC will release earnings for its fourth quarter, before the opening bell on Thursday, Jan. 16.
After a surprisingly successful year for the financial sector, BAC is set to announce double-digit bonus payouts to its investment bankers.
Bank of America's bonus pool for investment bankers will probably rise 10% for last year, a source familiar with the matter told Reuters.
Today's Options Corner looks at real-life trades in Bank of America (BAC), PNC Financial (PNC), and the SPDR S&P Financial Sector ETF (XLF) ahead of big banks reporting earnings next week. Rick Ducat walks through the options strategies and what the traders might be thinking.
Bank of America (BAC) reachead $46.08 at the closing of the latest trading day, reflecting a +1.5% change compared to its last close.
Bank of America (BAC) closed at $45.40 in the latest trading session, marking a +1.32% move from the prior day.
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.
Recently, Zacks.com users have been paying close attention to Bank of America (BAC). This makes it worthwhile to examine what the stock has in store.
Warren Buffett, the legendary Oracle of Omaha and arguably the most famous investor to have ever lived, owes a great deal of his success to his buy-and-hold approach that tends to focus on blue-chip dividend stocks. Berkshire Hathaway's huge positions in dividend stalwarts like Bank of America Corp. NYSE: BAC and Apple Inc. NASDAQ: AAPL earn the company billions of dollars in dividend distributions annually.
Bank of America is set for a strong 2025 due to the Fed's higher-for-longer rate environment, boosting net interest income. The U.S. economy's growth and record stock market highs create a favorable backdrop for cyclical bank stocks like Bank of America. Bank of America's Consumer Banking segment thrives with robust deposit growth, positioning it for cyclical profit growth in a growing economy.
CNBC's Jim Cramer reports on the financial stocks.