Bank of America Corporation (BAC)
Bank Stocks Face Test as Hawkish Rate Hike Signals Steeper Hiking Cycle
Five days following the Fed's decision to raise interest rates by 25 bps, Stephen Biggar believes that Fed Chair Kevin Warsh's hawkish tone is a signal for a steeper hike cycle. That said, he remains bullish on big banks and lists JPMorgan Chase (JPM), Morgan Stanley (MS), and Goldman Sachs (GS) as stock picks.
Costco faces margin pressure as BofA cuts price target
Costco Wholesale Corporation (NASDAQ:COST, XETRA:CTO) retained Bank of America Corp (NYSE:BAC)'s Buy rating despite a price target cut, as rising supply chain costs prompted a more cautious margin outlook. In September 16 trading, shares fell to $900.49, while the broker maintained its "buy" rating and cut its price target to $1,095 from $1,200.
Fed Hikes Rates for the First Time in 3 Years: What it Means for Banks
JPM, BAC, C, WFC and KEY face mixed earnings effects as the Fed's first rate hike in three years raises NII potential but pressures deposits.
Bank of America CFO Claims All Is Well as Stock Slides 7% in a Month
Bank of America's finance chief went on air to calm investors while the stock quietly slid into its worst month in over a year. The reassurance he offered answers a different question than the one the market is actually asking.
Here's why Bank of America stock is slipping today
Bank of America (BAC) shares fell early this morning after the financial services firm issued disappointing guidance for its fiscal Q3. Speaking at the Barclays Global Financial Services Conference, CEO Brian Moynihan said BAC's investment banking fees and trading revenue will fall notably short of the solid growth seen earlier this year.
BAC Warns of Q3 Capital Markets Weakness: Will Fee Income Take a Hit?
Bank of America expects Q3 investment banking fees to slide while trading stalls, but rising wealth fees may cushion the impact on fee income.
Bank of America Sees Resilient Consumers, Strong Loan Growth and Rising NII
Bank of America NYSE: BAC Chairman and CEO Brian Moynihan said the U.S. economy remains resilient, supported by consumer spending, solid credit quality and increased borrowing activity among small and midsized businesses.
Bank of America vs. Truist: Which Bank Stock Has More Upside in 2026?
The banking backdrop is becoming more constructive as resilient consumer spending, improving loan demand and a revival in investment banking (IB) activity create growth opportunities. Against this setting, Bank of America BAC and Truist Financial Corporation TFC present two distinctly different ways to play a potential banking-sector upswing.
Capital Markets Momentum Fades: What it Means for Big Banks in Q3
Capital markets momentum is fading in Q3, raising the risk of uneven results for big banks like JPM, GSM BAC, MS and C.
What's Powering Bank of America's Strong Capital Return Strategy?
Strong earnings momentum, a solid capital cushion and ample buyback capacity are underpinning BAC's shareholder-return strategy.
Outperforming Bank Stock Has Support Piling Up
Subscribers to Schaeffer's Weekend Trader options recommendation service received this BAC commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters.
Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
Investors are taking their money to the banks.
