Bank Of America

Bank Of America Earnings: Was It A Good Quarter?

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

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Q2 Gdp Forecasts: Around 8%

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...

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The Delta Variant Could Make The American Shopper Go Back Into Lockdown, Bofa Says

Bolstered by three rounds of stimulus checks, US consumers have been spending more. Justin Sullivan/Getty Images The Delta variant could hurt the American shopper, and the economy, BofA Research says. As the variant surges, economists predict a...

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Zacks Market Edge Highlights: Micron, Pioneer Natural Resources, Square, Deere And Bank Of America

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...
Related topics: Banking, Podcasts

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Bank Of America Is Joining The Growing Number Of Banks That Will Allow Clients To Use Various...

Bank of America Justin Sullivan/ Getty Images 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

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3 Reasons The Logjam Of Stuff To Buy In The Economy May Be Easing, Bofa Says

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...

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Warren Buffett Likely Took A $6 Billion Hit On Just 4 Stocks During Monday's Painful Sell-off

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

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Zoltan: Jpm Stockpiled Cash As Bofa Was Only Bank Buying Treasuries In Q2

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

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Why Bofa Sees About 40% Upside In Squarespace

BofA Securities recently initiated coverage on Squarespace and sees significant upside in the stock.

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Material Loan Growth May Not Be Here Yet, But Bank Of America Is Seeing Promising Signs

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

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Bank Of America Is Struggling To Shake High Expenses. What Gives?

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

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Us Retail Sales Surprise To The Upside After Big Downward Revision, Auto Sales Slump

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"

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5 Key Takeaways From Jpmorgan Chase's Q2 Earnings

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

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One Bank's Non-transitory Inflation Meter Just Exploded

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

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Daily Briefing: Bank Of America Falls As Producer Prices Continue To Surge

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

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Why Bank Of America Stock Is Falling Today

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

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Bofa (bac) Q2 Earnings Beat On Reserve Release, Advisory Fees

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

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Wells Fargo Reports Another Disappointing Quarter: Interest Income Flat As Average Loans Tumble

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...
Related topics: Wells Fargo

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Bank Of America Slides After Trading Revenue Slump, $2.2 Billion Reserve Release Saves The Day

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

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Here Is Why Shares Of Bank Of America Surged 36% In The First Half Of 2021

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

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