Can Bank of America's solid NII forecast, branch openings and tech investments outweigh weak IB and asset quality woes? Let's check before taking any decision.
Bank of America (BAC) concluded the recent trading session at $44.09, signifying a -1.19% move from its prior day's close.
Bank of America braces for a steep fall in Q2 IB fees, but surging trading revenues may help steady fee income growth.
Bank of America Corporation (NYSE:BAC ) Morgan Stanley US Financials, Payments & CRE Conference June 11, 2025 10:30 AM ET Company Participants Brian Thomas Moynihan - Chairman, CEO & President Conference Call Participants Betsy Lynn Graseck - Morgan Stanley, Research Division Betsy Lynn Graseck Kick off with our disclosure commentary. So for important disclosures, please see the Morgan Stanley research disclosure website at www.morganstanley.com, morganstanley.com/researchdisclosure.
Zacks.com users have recently been watching Bank of America (BAC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Bank of America bets big on physical branches, with 150 new financial centers planned by 2027 to boost growth and deepen customer ties.
In the latest trading session, Bank of America (BAC) closed at $44.65, marking a +1.29% move from the previous day.
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COIN, NTRS, BK, BEN and BAC defied May's selloff mantra, riding strong fundamentals and sector tailwinds to gains.
Bank of America's Q1 results were robust, with preferred dividends well covered at less than 6% of net income, enhancing income security. I favor the Series QQ preferred shares (BAC.PR.Q) for their 6.3% yield, attractive entry price, and strong coverage despite being non-cumulative. The Series QQ now offers a slightly higher yield than the Series L "busted" preferreds, making QQ marginally more attractive for new income positions.
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?
Shares of Bank of America (NYSE: BAC) popped 10.28% over the past month, reversing course after falling by 8.08% the month prior.