Bank of America (NYSE: BAC) recently reported its second-quarter results, and it missed analyst expectations on the top line. However, as per usual, the headline numbers don't tell the full story here. In this Fool Live video clip, recorded on July...
Related topics: Banking, US Equity Markets, Business Videos
The BEA will release the advance estimate of Q2 GDP next Thursday. The consensus forecast is for real GDP to increase 8.2% in Q2, from Q1, on a seasonally adjusted annual rate basis (SAAR).From BofA: We expect growth of 8.5% qoq saar in 2Q from...
Bolstered by three rounds of stimulus checks, US consumers have been spending more.
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The Delta variant could hurt the American shopper, and the economy, BofA Research says.
As the variant surges, economists predict a...
For Immediate ReleaseChicago, IL – July 22, 2021 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds...
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Bank of America
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Bank of America will allow its clients access to a number of crypto exchange-traded products, according to a Coindesk report Tuesday.
Last week, the company said it would allow some clients to trade...
Related topics: Banking, Bitcoin
Shelves with antibacterial sanitizer are empty at a Pavilions supermarket in South Pasadena on March 11, 2020 in Los Angeles, California.
Dania Maxwell / Los Angeles Times
Everywhere you turn, there seems to be a shortage of something that you...
Warren Buffett.
REUTERS/Rebecca Cook
Warren Buffett probably took a $6 billion hit on four stocks during Monday's sell-off.
The investor's Apple, Bank of America, Coca-Cola, and American Express stakes fell in value.
Buffett's...
Related topics: Warren Buffett, Reuters, Apple (AAPL), Banking
Zoltan: JPM Stockpiled Cash As BofA Was Only Bank Buying Treasuries In Q2
Back in March, the market briefly paid attention to the fate of the Supplemental Liquidity Ratio ahead of its 1-year post-Covid maturity and then when it expired...
Related topics: Banking
BofA Securities recently initiated coverage on Squarespace and sees significant upside in the stock.
As earnings from the big banks roll in, analysts and investors will likely have to continue to wait for material loan growth, which will result in more net interest income (NII) and therefore higher profits. It's not a surprise, considering what...
Related topics: Banking
In the second quarter, Bank of America (NYSE: BAC), the country's second-largest bank by assets, once again reported higher expenses than investors and analysts were hoping for, especially for a bank of such high caliber. While some of that can be...
Related topics: Banking, US Equity Markets
US Retail Sales Surprise To The Upside After Big Downward Revision, Auto Sales Slump
Having consistently 'nailed it' over the past few months, BofA's forecast ahead of today's retail sales data was ominous, suggesting a "marked slowdown"
JPMorgan Chase (NYSE: JPM), America's largest bank by assets, kicked off earnings season for the second quarter of the year, generating $3.78 diluted earnings per share (EPS) on total revenue of nearly $30.5 billion. Both EPS and revenue beat...
Related topics: J.P. Morgan Chase & Co., Earnings Per Share, US Equity Markets, Banking
One Bank's Non-Transitory Inflation Meter Just Exploded
One month ago we reported that Bank of America had released a new proprietary indicator tracking the level of transitory inflation, which incidentally was at the highest possible...
Related topics: Banking, Inflation
Daily Briefing: Bank of America Falls as Producer Prices Continue to Surge
Darius Dale, founder of 42 Macro, joins the Daily Briefing to share with Real Vision’s Ash Bennington and Jack Farley his evolving views on inflation and...
Related topics: Banking, Inflation
Bank of America (NYSE: BAC) delivered second-quarter earnings today that came in ahead of expectations, but investors were more focused on faltering loan growth. As a result, the stock traded down as much as 5% on Wednesday.Before markets opened...
Related topics: Banking, US Equity Markets
Bank of America’s BAC second-quarter 2021 earnings of $1.03 per share handily beat the Zacks Consensus Estimate of 77 cents. The bottom line compared favorably with 37 cents earned in the prior-year quarter.Results in the quarter included...
Related topics: Earnings Per Share, Banking
Wells Fargo Reports Another Disappointing Quarter: Interest Income Flat As Average Loans Tumble
After the solid results from both JPM, Goldman, and BofA (which saw strong equity trading offset by a slump in FICC) we got the now...
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Bank of America Slides After Trading Revenue Slump, $2.2 Billion Reserve Release Saves The Day
The bank earnings parade continued on Wednesday morning when Bank of America reported disappointing earnings that missed on the top line as a...
Related topics: Banking
Shares of Bank of America (NYSE: BAC) rose roughly 36% through the first six months of 2021, according to data provided by S&P Global Market Intelligence.Shares of America's second-largest bank by assets had a tremendous first half of the year...
Related topics: Banking, US Equity Markets