Recent strong performance of Bank of America's share price brought valuation more in line with current business fundamentals. While BAC is closer to fair value at the moment, shareholder returns in 2025 are likely to come under pressure. Excess cash will continue to weigh on returns, but ultimately this is good news for long-term shareholders.
I reiterate my "Buy" rating for Bank of America, expecting growth in 2025 due to favorable market conditions and reduced regulation. BAC's strong financials, particularly in Consumer Banking and Global Wealth Management, support its potential for continued growth and margin enhancement. Reduced regulatory pressure under Trump's administration could lower compliance costs and financial penalties, boosting BAC's net income.
In the closing of the recent trading day, Bank of America (BAC) stood at $43.94, denoting no change from the preceding trading day.
Bank of America scrapped some of its diversity initiatives as it navigates a new business climate under U.S. President Donald Trump.
"It's pretty clear there's going to be a stablecoin, which is going to be a fully dollar-backed
Bank of America expects the Federal Reserve to hold interest rates steady this year and into next year, CEO Brian Moynihan said on Tuesday.
Bank of America Corp. Chief Executive Officer Brian Moynihan says some customers are driven out of the US banking system by over-regulation, and not political bias. “We bank everybody.
The latest trading day saw Bank of America (BAC) settling at $45.30, representing a -1.54% change from its previous close.
Somnigroup International Inc. (NYSE:SGI ) Q4 2024 Earnings Conference Call February 20, 2025 8:00 AM ET Company Participants Aubrey Moore - Investor Relations Scott Thompson - Chairman, President and Chief Executive Officer Bhaskar Rao - Executive Vice President and Chief Financial Officer Conference Call Participants Susan Maklari - Goldman Sachs Rafe Jadrosich - Bank of America Bobby Griffin - Raymond James Peter Keith - Piper Sandler Dan Silverstein - UBS Keith Hughes - Truist Securities Seth Basham - Wedbush Securities Bradley Thomas - Capital Markets Jonathan Matuszewski - Jefferies Laura Champine - Loop Capital Phillip Blee - William Blair William Reuter - Bank of America Operator Good morning, ladies and gentlemen, and welcome to the Somnigroup Fourth Quarter 2024 Earnings Call. [Operator Instructions] This call is being recorded on Thursday, February 20, 2025.
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?
In the latest trading session, Bank of America (BAC) closed at $46.01, marking a -1.12% move from the previous day.
Bank stocks are near buy points as funds load up. Bank of America stock is in a cup-with-handle base with a buy point of 47.51.