The Federal Reserve kept rates steady last week, citing the struggle against last-mile inflation and the potential of tariff shocks to influence prices. While Chairman Jerome Powell's news conference was relatively low key, it did contain notes of uncertainty and traders are betting that a March rate cut could be out of the picture.
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?
Two Sigma Investments founders John Overdeck and David Siegel are worth an estimated $14 billion.
Bank of America crushed Q4 profit estimates, driven by investment banking and a cautious central bank rate-cutting strategy, positioning it for potential re-rating higher. With deposits at a record $1.97 trillion and growing loans, BAC is poised for robust NII growth in 2025. The Company is undervalued relative to Wells Fargo, with a potential intrinsic value of $56 if it re-rates to WFC's book value multiple.
You might know Bank of America (BAC 0.28%) as one of the world's largest financial institutions. It is a well-known consumer-facing bank with over $3.2 trillion in assets today.
Q4 results were mixed, with strong lending growth but weaker margins and higher operating costs than expected, leading to a miss in pre-provision profits. The macro environment is improving, and a stronger economy and less onerous regulation coupled with market share gains could set the stage for significant earnings acceleration. A significant consent order from the OCC poses unwelcome challenges, as does intense competition from other large banks in lending, deposit gathering, and services, but these challenges look manageable.
Bank of America (BAC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Gov. Kelly Armstrong, R-N.D., reacts to President Trump demanding lower oil prices from Saudi Arabia on 'Making Money.
Big U.S. banks found themselves on the defensive Thursday, with Bank of America saying it doesn't have a “political litmus test” for clients after President Trump suggested that leading financial institutions weren't letting conservatives do business with them.
US President Donald Trump on Thursday accused the leaders of Bank of America and JPMorgan Chase of denying banking services to conservatives. Speaking via video link at the World Economic Forum in Davos, Switzerland, Trump addressed an audience of global corporate leaders and criticized the banks, suggesting they were sidelining conservative clients.
Speaking to Bank of America chairman and CEO Brian Moynihan at the World Economic Forum, President Donald Trump on Thursday took aim at big banks, which he said were refusing service to conservatives.
"I hope you start opening your bank to conservatives,” US President Donald Trump says in response to a question from Bank of America CEO Brian Moynihan during the World Economic Forum in Davos, Switzerland. Sign up for the Washington Edition newsletter to find out how the worlds of money and politics intersect in the US capital: Click Here -------- More on Bloomberg Television and Markets Like this video?