Bank of America is expected to benefit from a boost in investment banking and trading activity in the fourth quarter. Last month, CEO Brian Moynihan told investors that his firm would hit guidance for NII of about $14.3 billion.
Despite the choppy price action in equities, it's too early for bulls to throw in the towel. Deescalating Middle East tensions, tamed inflation, and a washout in the number of new lows suggest the bull market has legs in 2025.
Big US banks had a great quarter. The four giant lenders that reported full-year results Wednesday notched their second-most profitable year ever in 2024, trailing only Joe Biden's first year as president.
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).