Top

Tag: Bank of America


Finance Tech, Trading

Taiwan Semiconductor Earnings Reflects Problems with Supply Chain

October 14, 2021

Via: Markets Insider

Large financial companies are still monopolizing the earnings news. Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC), Morgan Stanley (NYSE:MS), Citigroup (NYSE:C), and U.S. Bancorp (NYSE:USB) all beat earnings and revenue expectations. The Financial sector has benefitted from rising interest rates. […]


Financial Services, Industries

Banking Profits Season: Time For A Change

October 12, 2021

Via: Seeking Alpha

This is the week that the big banks begin to release their earnings for the third quarter of the year. Although profits will show relatively well, there seems to be an undercurrent in expected earnings that point to the future […]


Finance Tech, Trading

At a $2 Trillion Market Value, Saudi Aramco Races Apple for Most Valuable Company

October 6, 2021

Via: Time

Saudi Aramco is close to claiming the prized position of the world’s most valuable company from Apple Inc. The Saudi state oil giant has soared on the back of higher energy prices, bringing its market value to $2 trillion, just […]


Industries, Others

BofA Upgrades Caesars Entertainment, Downgrades Wynn On Macau Concerns

August 9, 2021

Via: Markets Insider

Shares of Wynn Resorts, Limited (NASDAQ:WYNN) traded lower by nearly 5% on Monday morning after the stock was downgraded on concerns about the lagging casino recovery in Macau. The Analyst: Bank of America analyst Shaun Kelley downgraded Wynn from Buy […]


Finance Tech, Trading

Investors should sell stocks and raise cash as bearish indicators pile-up for the S&P 500, BofA says

July 29, 2021

Via: Markets Insider

Investors should take advantage of any strength in the S&P 500 and sell stocks to raise cash as bearish indicators begin to pile up, Bank of America said in a note on Tuesday. The bank points to negative divergences and […]


Financial Services, Industries

Bank of America Raises Minimum Wage to $25 an Hour

May 18, 2021

Via: TheStreet

Bank of America (BAC) – Get Report said Tuesday that it was raising its minimum wage to $25 an hour, joining the raft of major companies that have recently boosted their starting pay. The Charlotte financial-services giant in March 2020 […]


Financial Services, Industries

Bank of America tops estimates on Wall Street trading and banking, release of loan-loss reserves

April 15, 2021

Via: CNBC

Bank of America reported Thursday profit that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan-loss reserves as fewer consumers were expected to default on debts. The bank posted a first-quarter […]


Finance Tech, Mobile Banking & Payments

BoA reports consumers digital banking engagement hits record levels

February 12, 2021

Via: Mobile Payments Today

Consumers are embracing mobile banking with one banking institution experiencing record levels of engagement. Bank of America reports 70% of consumer client households and small business clients and 77% of wealth management client households are digitally active and the company’s […]


News

US consumer spending leaps as late-December stimulus hits households, Bank of America says

January 22, 2021

Via: Markets Insider

Credit- and debit-card spending accelerated through the first two weeks of January as stimulus passed by President Donald Trump bolstered households’ balance sheets. Card spending climbed 6% from the year-ago period over the week that ended January 16, Bank of […]


Financial Services, Industries

Bank of America, Banking Stocks Rise on Possibility of Democratic Senate Majority

January 6, 2021

Via: TheStreet

Banking stocks were rising Wednesday as Democratic challenger Raphael Warnock beat the Republican incumbent, Kelly Loeffler, in Georgia, opening up the possibility of a Democratic takeover of the U.S. Senate. Shares of JPMorgan Chase & Co. (JPM) – Get Report […]


Financial Services, Industries

A deep dive into Bank of America financials yields evidence of the economy’s big disconnect

July 24, 2020

Via: Fortune

Bank of America at this juncture epitomizes a never-before-seen disparity between an economy that just underwent the fastest, deepest dive ever, and consumers who keep paying their bills as if the good times never stopped rolling. Like all of the […]


Financial Services, Industries

Bank of America shares drop as the firm sets aside another $4 billion for coronavirus-related loan losses

July 16, 2020

Via: CNBC

Bank of America on Thursday posted second-quarter earnings that were bolstered by stronger-than-expected bond trading and investment banking revenue. The bank said it generated earnings of $3.5 billion, or 37 cents a share, exceeding the 27 cents a share expected […]


Financial Services, Industries

Bank of America CEO Brian Moynihan says U.S. economy starting to ‘come out of the hole’

May 28, 2020

Via: CNBC

The U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC on Thursday. Moynihan cited consumer spending figures from the millions of households using his lender’s credit and debit […]


Finance Tech, Trading

Stocks making the biggest moves midday: Moderna, Delta, Bank of America, Best Buy, Disney & more

May 18, 2020

Via: CNBC

Moderna — Moderna soared 23% after the drug maker reported “positive data” for its coronavirus vaccine. The early-stage human trial showed the vaccine produced Covid-19 antibodies in all 45 participants, the biotech company announced Monday. At day 43, about two […]


Financial Services, Industries

Bank of America Sees Demand Surge for Paycheck Protection Loans

April 6, 2020

Via: TheStreet

Bank of America (BAC) – Get Report said Monday it was seeing strong demand for emergency rescue loans as current applications already account for nearly 10% of the entire amount allocated by Congress. The bank said that as of Monday […]


Financial Services, Industries

Bank of America Tops Q4 Earnings Forecast With Solid Loan Growth

January 15, 2020

Via: TheStreet

Bank of America (BAC) – Get Report posted better-than-expected fourth-quarter earnings Wednesday as loan growth offset narrowing interest rate margins at the consumer-focused lender. Bank of America said earnings for the three months ending in December came in at 74 […]


Industries, Others

Why Bank of America expects the hot European pharmaceuticals sector to stumble — and it’s not a fear of U.S. drug prices

January 7, 2020

Via: Market Watch

Bank of America expects European stocks broadly to rise this year, but its key underweight call is the pharmaceutical sector, and the recommendation has nothing to do with talk of reining in U.S. drug prices. Bank of America’s call on […]


Financial Services, Industries

Bank of America shares rise after lender posts better-than-expected profit on retail operations

October 16, 2019

Via: CNBC

Bank of America beat analysts’ estimates for third-quarter profit and revenue as its consumer and advisory businesses offset a slump in trading. The bank said Wednesday that net income excluding an impairment charge rose 4% to $7.5 billion, or an […]


Financial Services, Industries

Which Big Banks Have the Most to Lose from Fed Rate Cuts?

September 17, 2019

Via: TheStreet

Analysts at Goldman Sachs (GS – Get Report) cut their earnings per share estimates for large cap banks, as they see a handful of interest rate cuts from the Federal Reserve in the next few years. The SPDR S&P bank […]


Enterprise, Industries

Ford shares jump after Bank of America upgrades the stock to buy

May 10, 2019

Via: CNBC

Ford shares rose Friday after Bank of America Merrill Lynch upgraded the equity to buy from neutral. The brokerage highlighted Ford’s favorable profit outlook, the result of what’s expected to be a strong utility vehicle and truck lineup over the […]