Bank of America Corp (NYSE:BAC) has decided its wealthy clients are finally grown-up enough for crypto
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Bank of America (BAC) closed the most recent trading day at $53.65, moving +1.25% from the previous trading session.
BAC and DB see shifts in their global systemic bank buckets as the FSB updates its 2025 G-SIB list, altering capital buffer requirements.
Bank of America delivered a strong Q3, with 23% YoY net income growth and impressive gains in investment banking and equities trading. BAC remains attractively valued versus peers, trading at the lowest forward P/E and price-to-tangible-book ratios among major banks, supporting a bullish outlook. Dividend yield is highest among peers at 2.04%, with a manageable payout ratio, making BAC appealing for income-focused investors despite minor risks.
Shares of Bank of America (NYSE: BAC) lost 0.06% over the past month after gaining 0.29% the month prior.
JPM, BofA and GS stand to gain as surging fixed-income trading, fueled by rate shifts and steepening yield curve, lifts revenue prospects.
Bank of America looks set to outperform as falling rates boost lending, digital growth, and branch expansion, giving BAC an edge over Wells Fargo.
Rate cuts are reshaping big banks' businesses. Does Bank of America's scale, NII outlook and expansion plans set it apart from Wells Fargo?
Bank of America continues to outperform, driven by strong Q3 results, improved efficiency, and resilient business activity across all segments. BAC delivered 11% YoY revenue growth, robust EPS growth of 31%, and notable improvements in ROE and ROTCE, reflecting effective cost management and profitability. Valuation remains attractive with only modest P/B expansion; BAC's fundamentals and operational execution justify a premium to the sector.
The latest trading day saw Bank of America (BAC) settling at $51.56, representing a +1.1% change from its previous close.
But based on some numbers I've been crunching following his big shindig two weeks ago, Moynihan is right to do some chest pounding after he pitched the bank's evolving business model to investors and analysts.