Bank of America Corporation (BAC)
Bank of America: Q3 Points To Upside Breakout (Technical Analysis)
Bank of America reported strong 3Q24 results, driven by higher investment banking fees and trading revenues, despite increased loan losses affecting its credit profile. The bank's net interest income grew QoQ, with a positive outlook for mortgage and auto loans, though YoY growth was impacted by higher deposit costs. Technically, the stock is bullish, breaking above key moving averages, and remains undervalued compared to peers, suggesting potential for further upside.
Why Warren Buffett Just Sold $10.5 Billion Worth of One of Berkshire Hathaway's Largest Holdings
Bank of America was once Berkshire Hathaway's second-largest position, but Buffett has sold about 25% of it so far.
Earnings Results Provide Reassuring Economic View
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Earnings Results Provide Reassuring Economic View
Note: The following is an excerpt from this week's Earnings Trends report. You can access the full report that contains detailed historical actual and estimates for the current and following periods, please click here>>>
Time for Big Bank ETFs on Upbeat Earnings?
A positive momentum has been noticed in the field of bank earnings. Related stocks and ETFs should gain in the near term.
Bank of America Q3: Why I Sold Shares After Earnings
Bank of America released its third quarter earnings Yesterday. The release beat expectations on revenue as well as on earnings per share. Shortly after the release came out, I sold 33% of my shares.
Bank of America Earnings Uncover Shifts in Consumer Spending
Earnings season has kicked off, and as usual, the banking and finance sector pushes the envelope first to show investors where the next market trend might be headed. Considering that financial services and markets make up a large portion of the United States economy, investors need to be able to understand what banking earnings mean.
Bank of America Q3 Earnings: Net Interest Income Finally Rose
Bank of America reported Q3 earnings with a slight stock increase of 0.55%, surpassing most analyst estimates. The key highlight is that net interest income started seeing a sequential recovery of 2%, despite an EPS decline. After Q3 earnings, the price-to-tangible book valuation became cheaper, so I reiterated my "buy rating" on the stock.
Bank of America CEO: Consumer Spending Results ‘Bodes Well' For Economic Outlook
Interest rate cuts might have been on the mind of the Wall St. analysts gathered for the Bank of America third-quarter earnings call today (Oct. 15), but digital transformation and healthy consumer spending turned out to be the stars of the show.
Three Things We Learned From Big Bank Q3 Earnings
Large U.S. banks exceeded profit expectations in the third quarter. But most also set aside more money for potential credit losses, a possible warning sign for the economy.
Three Big Takeaways From Bank Earnings
What JPMorgan, Bank of America, Citi and Wells Fargo told us about consumers' finances.
Bank of America Corporation (BAC) Q3 2024 Earnings Call Transcript
Bank of America Corporation (NYSE:BAC ) Q3 2024 Results Conference Call October 15, 2024 8:30 AM ET Company Participants Lee McEntire - Investor Relations Brian Moynihan - Chief Executive Officer Alastair Borthwick - Chief Financial Officer Conference Call Participants Jim Mitchell - Seaport Global Betsy Graseck - Morgan Stanley Glenn Schorr - Evercore Matt O'Connor - Deutsche Bank Mike Mayo - Wells Fargo Vivek Juneja - JP Morgan Steven Chubak - Wolfe Research Erika Najarian - UBS Gerard Cassidy - RBC Operator Good day, everyone, and welcome to Bank of America's earnings announcement. At this time, all participants are in a listen-only mode.
