|Bid||0.0000 x 1000|
|Ask||2.1200 x 1400|
|Day's range||1.7900 - 1.8200|
|52-week range||1.6400 - 10.6800|
|Beta (5Y monthly)||-0.15|
|PE ratio (TTM)||N/A|
|Earnings date||18 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.20|
Bank of America said on Wednesday overdraft fee revenue for June and July was down 90% from last year, as a result of lowering the fees charged to customers whose account balances go negative. The second-largest U.S. bank was one of several to have reduced or eliminated overdraft fees over the past year after the U.S. Consumer Financial Protection Bureau (CFPB) put a spotlight on the charges, saying banks made more than $19 billion from them in 2019. Since December, Capital One Financial Corp has said it would stop charging overdraft fees entirely, while the largest U.S. bank, JPMorgan Chase & Co, said it would give customers more time to bring their accounts back above $0 before charging them fees.
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.
NEW YORK (Reuters) -Top U.S. and European banks are facing tougher times in the riskiest parts of the loan market. The biggest U.S. lenders, including Bank of America and Citigroup, wrote down $1 billion in the second quarter on leveraged and bridge loans as rising interest rates made it tougher for banks to offload debt to investors and other lenders. The pain has also spread across the Atlantic, after European lenders such as Deutsche Bank and Credit Suisse reported losses for such exposure.