BAC - Bank of America Corporation
| Previous close | 34.72 |
| Open | 34.92 |
| Bid | 34.65 x 800 |
| Ask | 34.68 x 41800 |
| Day's range | 34.60 - 34.95 |
| 52-week range | 26.21 - 35.72 |
| Volume | 47,206,236 |
| Avg. volume | 45,445,674 |
| Market cap | 306.703B |
| Beta (5Y monthly) | 1.65 |
| PE ratio (TTM) | 12.62 |
| EPS (TTM) | 2.75 |
| Earnings date | 14 Apr 2020 |
| Forward dividend & yield | 0.72 (2.07%) |
| Ex-dividend date | 03 Dec 2019 |
| 1y target est | 37.13 |
- Yahoo Finance
Strong bank earnings boosted by the American consumer — and heavy buybacks
The big U.S. banks reported earnings for the fourth-quarter of 2019, seeing decent top-line growth as a result of a strong U.S. consumer. But the bottom line earnings were helped by share buybacks.
- Business Wire
Bank of America Declares Preferred Stock Dividends
Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock:
- Zacks
The Zacks Analyst Blog Highlights: BAC, JPM, C, PNC and BLK
The Zacks Analyst Blog Highlights: BAC, JPM, C, PNC and BLK
- Zacks
Bank Stock Roundup: Q4 Earnings Commences, BofA, JPMorgan & Citi Top Estimates
Investor sentiment mixed on banks' Q4 earnings, with the major players displaying top-line strength aided by higher fee income and loan growth, partly muted by margin pressure and elevated expenses.
- Zacks
4 Sector ETFs Sizzling With Solid Buybacks
Inside the sectors that have seen strong share buybacks in the past 10 years.
- Zacks
Are You Looking for a High-Growth Dividend Stock? Bank of America (BAC) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes? Let's find out.
- Zacks
Morgan Stanley (MS) Q4 Earnings Top on Trading, Underwriting
Improvement in trading and investment banking performance, and decent loan growth support Morgan Stanley's (MS) Q4 earnings.
- Zacks
4 Financial Services Stocks Flying High on Solid Q4 Earnings
Financial Services companies flourished despite a low-rate environment and remarkably outperformed analysts' estimates in fourth-quarter 2019.
- Zacks
Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman Sachs
Zacks Earnings Trends Highlights: JPMorgan, Wells Fargo, Bank of America, Citigroup and Goldman Sachs
- Reuters - UK Focus
REFILE-TREASURIES-Yields fall as investors look past initial trade deal
The benchmark 10-year yield was down 2.6 basis points in afternoon trading at 1.7917%. The United States and China signed an initial trade deal Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world's two largest economies. Investors seemed to appreciate the milestone but its broad outlines have been known for weeks, said Michael Lorizio, senior fixed income trader at Manulife Investment Management in Boston, reflecting an attitude that left yields stuck in a range below 2%.
- Investing.com
Day Ahead: Top 3 Things to Watch for Jan. 16
Investing.com - Here are three things that could rock the markets tomorrow.
- Zacks
Is Bank of America (BAC) Outperforming Other Finance Stocks This Year?
Is (BAC) Outperforming Other Finance Stocks This Year?
- Bloomberg
BofA Joins Wall Street’s Trading Comeback; Consumer Unit Slips
(Bloomberg) -- Declining interest rates are causing pain for Bank of America Corp.Shares of the lender fell Wednesday after it reported that net income at the consumer division slid 9.7%, hurt by falling interest income. Bank of America’s retail unit had buoyed the company in recent quarters, driven by loan and deposit growth. It was the first drop in earnings at the division in more than three years.“The disappointment today clearly is the fact that they’re guiding to flat expenses and then perhaps less optimism on the revenue side,” said Alison Williams, an analyst at Bloomberg Intelligence.Trading revenue climbed 13%, beating analysts’ estimates, but Bank of America still had the smallest increase on Wall Street, with JPMorgan Chase & Co. posting a record fourth-quarter performance in bond trading and Citigroup Inc.’s debt trading jumping by more than double what analysts had forecast.Bank of America shares fell 2% to $34.63 at 11:30 a.m. in New York, after earlier declining as much as 2.8%, their biggest intraday drop in three months. They rose 43% last year, compared with a 32% increase for the 24-company KBW Bank Index.While the biggest U.S. lenders ended the year on a largely high note, buoyed by a strong U.S. economy, they’re also contending with challenges including Federal Reserve interest-rate cuts, expectations of slowing growth, geopolitical tensions and global trade disputes.Falling Rates“Our results continue to reflect the strength of the U.S. consumer in the biggest economy in the world,” Chief Executive Officer Brian Moynihan said on a conference call with analysts. “This quarter is also one of transition,” with the bank feeling the impact of falling interest rates in the second half of 2019.Net interest income -- revenue from customers’ loan payments minus what the company pays depositors -- fell 2.9% to $12.1 billion in the fourth quarter. On a fully taxable-equivalent basis, the figure was $12.3 billion, surpassing the average estimate in a Bloomberg survey.NII will probably decline in the first half of the year as the Fed’s rate cuts in 2019 make their way into the bank’s results, Chief Financial Officer Paul Donofrio said on the call.“We would expect NII in the first two quarters of 2020 to be a bit lower” than in the fourth quarter of last year, Donofrio said. “From there, we would expect NII to rise modestly in the second half of the year,” driven by continued loan and deposit growth.The Charlotte, North Carolina-based company’s investment-banking division continued its turnaround under Matthew Koder. Investment-banking fees rose 9.3% from a year earlier after a blockbuster third quarter.Also in the fourth-quarter results:The bank’s efficiency ratio, a measure of profitability, improved to 59% from 66% in the third quarter.Net income fell 3.9% to $6.99 billion as the firm generated an 11% return on equity. Earnings per share totaled 74 cents, beating the 69-cent average estimate of 13 analysts in a Bloomberg survey.The lender expects full-year expenses to be broadly stable in the low $53 billion range, Donofrio said on the conference call.(Updates with analyst’s comment in third paragraph.)To contact the reporter on this story: Lananh Nguyen in New York at lnguyen35@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Daniel Taub, Peter EichenbaumFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Investing.com
Stocks - Dow Closes at Record Above 29K as U.S., China Sign 'Landmark' Deal
By Yasin Ebrahim
- Zacks
Trade Deal, PPI, Empire State & More Bank Earnings: GS, BAC
Today marks the somewhat momentous occasion whereby a trade deal with China is expected to be signed at the White House.
- Zacks
BofA (BAC) Q4 Earnings Top on Trading, Underwriting & Loans
Improved capital markets performance and strong loan growth support BofA's (BAC) Q4 earnings, while lower interest rates act as an undermining factor.
- Reuters - UK Focus
REFILE-TREASURIES-U.S. yields decline on soft producer price data
The benchmark 10-year yield was down 3.5 basis points in morning trading to 1.783%. The U.S. Labor Department said on Wednesday its producer price index for final demand ticked up 0.1% last month after being unchanged in November. Investors saw the data and similarly soft reports from Europe as a signal to reposition investments that had been pegged to a growing sense of economic optimism, said Jim Vogel, FHN Financial interest rate strategist.
- Zacks
BofA (BAC) Beats on Q4 Earnings & Revenue Estimates, Costs Up
Rise in fee income supports BofA's (BAC) Q4 earnings.
- Zacks
Bank of America (BAC) Q4 Earnings and Revenues Surpass Estimates
Bank of America (BAC) delivered earnings and revenue surprises of 8.82% and 1.53%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Yahoo Finance
Goldman Sachs Q4 profit falls, but sees higher bond trading, deal-making
Goldman Sachs posted mixed earnings results on Wednesday, as the firm’s deal-making and bond trading weren’t enough to offset a drop in investment banking revenue.
- Reuters
Low rates bruise Bank of America profits into 2020
As the Federal Reserve cut rates three times last year, analysts predicted Bank of America's earnings would suffer. Donofrio expects to improve that metric later in the year by growing loans and reducing interest rates on deposits, but predicted Bank of America's net interest income will be "modestly" lower for the full year.
- Business Wire
Bank of America Reports Fourth-Quarter 2019 Financial Results
Bank of America reported its fourth-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:
