Bank of America Corporation (BAC)
Could the Economy be Bottoming? Major Bank's Earnings Say Yes
Earnings season is here again, and kicking it off are financial stocks like the commercial and investment banks that most people avoid due to their complex business models. However, as these banking stocks start to report their quarterly figures, investors can get a feel for how the sector is doing and gain insight into how the rest of the economy is doing as a whole.
Econ Reports, Q2 Earnings Take July Rate Cut Off the Table
Any investors still hoping for a July rate cut based on economic prints, we can uncross our fingers now.
Compared to Estimates, Bank of America (BAC) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Bank of America (BAC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Bank of America Posts Earnings Beat on Investment Banking Boost
Bank of America (BAC) shares rose Tuesday as second-quarter revenue and profit beat estimates despite slightly lower net interest income (NII) than analysts were anticipating.
BofA (BAC) Gains on Q2 Earnings Beat, IB & Trading Fee Growth
BofA (BAC) records a marginal increase in revenues in the second quarter of 2024.
Bank of America (BAC) Q2 Earnings and Revenues Beat Estimates
Bank of America (BAC) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.88 per share a year ago.
Bank of America profit drops on lower interest income, outlook lifts shares
Bank of America earned $6.9 billion, or 83 cents per share, in the quarter ended June 30, compared with $7.4 billion, or 88 cents per share, a year earlier.
Bank of America earnings fall less than expected as investment banking fees jump
Bank of America Corp (NYSE:BAC) shares rose over 2% premarket on Tuesday after it reported a smaller fall in profit for the second quarter than expected. Interest income dropped and it made more provisions for potential loan losses, however, earnings were better than Wall Street expected.
Bank of America Exceeds Expectations on Robust Investment Banking Results
BAC's strong Q2 and positive banking sector trends suggest a bullish short-term outlook for financial stocks, reflecting industry-wide momentum.
Bank of America is about to report earnings — here's what Wall Street expects
CEO Brian Moynihan told investors in April that net interest income would bottom in the second quarter. The measure, known as NII, is the difference between what the bank earns on loans and what it pays depositors for their savings.
Forget Nvidia: Billionaires Are Dumping It and Piling Into These 3 Surprising Value Stocks Instead
By one estimation, artificial intelligence (AI) can provide a $15.7 trillion lift to the global economy by 2030. Despite AI's seemingly limitless potential, some of Wall Street's smartest and richest money managers parted ways with their shares of Nvidia during the first quarter.
Bank Of America's Bullish Trajectory Ahead Of Q2 Earnings: What Technicals Reveal
Bank of America Corp BAC will be reporting its second-quarter earnings on Tuesday. Wall Street expects 80 cents in EPS and $25.2 billion in revenues as the company reports before market hours.
