Gerard Cassidy, RBC Capital Markets analyst, joins 'Squawk on the Street' to discuss the latest bank earnings results.
Jason Goldberg, Barclays senior equity analyst, joins 'Squawk Box' to preview Q4 earnings seasons from big banks, state of the banking industry, and more.
Bank of America (BAC) is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits.
We have covered Jim Cramer for almost 20 years here at 24/7 Wall St.
Bank of America is heavily reliant on the U.S. economy, making it vulnerable to consumer credit deterioration and economic downturns. Despite appearing inexpensive on a Price/Earnings basis, potential credit losses and stalling revenue growth suggest shares may be overvalued. Preferred shares offer a more attractive yield and stability compared to common stock, given current economic uncertainties and potential for higher charge-offs.
Tom Michaud, KBW CEO, joins 'Squawk on the Street' to discuss what to expect from the spate of bank earnings coming up.
Evaluate the expected performance of Bank of America (BAC) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
BAC is set to report Q4 earnings on Thursday. Let's check the factors impacting its performance and see whether the stock deserves a place in your portfolio.
America's biggest banks apparently have Donald Trump to thank for a successful quarter. Banking giants are set to report $31 billion in profits for the last three months of last year, fueled by a surge in trading and dealmaking following the U.S. presidential election, the Financial Times (FT) reported Monday (Jan. 13).
In the second half of 2023, Warren Buffett's extensive selling, particularly of Bank of America (NYSE: BAC) shares, spooked many traders about the state of the economy as the legendary ‘Oracle of Omaha' built a massive cash pile.
Major banks like JPMorgan, Wells Fargo, and Citigroup report earnings this week. December CPI and PPI reports are pivotal, with potential Fed implications; inflation remains a significant concern amid economic policy shifts.
Bank of America shares have outpaced the market, driven by anticipated regulatory easing post-2024 US Presidential election. AI is expected to significantly reduce costs and boost profits, potentially adding $17.37 billion annually by 2027. Q4 earnings are anticipated to act as a catalyst, showcasing the initial impact of AI cost cuts on the bank's bottom line.