|Bid||30.08 x 100|
|Ask||30.09 x 1300|
|Day's range||31.92 - 32.26|
|52-week range||22.07 - 32.67|
|PE ratio (TTM)||20.49|
|Earnings date||16 Apr 2018|
|Forward dividend & yield||0.48 (1.50%)|
|1y target est||34.34|
Investors' optimism on the encouraging economic growth and Trump's infrastructure plan drive banking stocks higher.
Scammers have taken to Zelle, the Venmo alternative backed by U.S. banks, to defraud consumers who believe the service includes the same protections they've come to expect from PayPal.
Bank of America (BAC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Revenues at the world's 12 biggest investment banks fell to their lowest levels since 2008 last year, a survey showed on Friday, while a return to more volatile global markets in 2018 could be a mixed blessing for their business. "In January banks were thinking '2018 will be bad for equities revenues but not as bad as 2017', but now with the volatility of the last two weeks all bets are off," Amrit Shahani, research director at analytics firm Coalition said. Revenues for the 12 investment banks in the survey fell to $150 billion in 2017, a 4 percent decline on 2016, Coalition said, with falls in income from trading in equities and fixed income, currencies and commodities (FICC), two of their three main business lines, with the latter dropping 11 percent.
Commodities-related revenue at the 12 biggest investment banks fell by 42 percent last year to its lowest since at least 2006, a report by financial industry analytics firm Coalition said on Friday. Revenue ...
Amazon has reportedly teamed up with Bank of America to provide small loans to businesses that sell on the e-commerce site.
Bank of America Merrill Lynch Community Development Banking had a record-setting year in 2017, providing $4.53 billion in loans, tax credit equity investments and other real estate development solutions.
Appaloosa also increased its stake in Apple, Bank of America and Micron Technology in the fourth quarter, according to a filing Wednesday.
Amazon has partnered with Bank of America Merrill Lynch for its lending program, but its loan growth has slowed for the time being.
Overall, the industry has faced criticism of lower payouts, largely due to select banks’ stress-test failure in recent years. Citigroup (C) has been rewarding investors with dividends and repurchases as its profitability and margins have improved.