Bank of America Q3 Earnings: Profit Drops 12% On Loan Loss Provisions, Investment Banking Fees Soar 18%
Bank of America Corp (NYSE: BAC) reported $6.9 billion in net income and EPS of $0.81 for Q3 fiscal 2024, beating analyst estimates. Revenue was $25.49 billion, with gains in trading revenue and investment banking fees offsetting declines in net interest income.
Key Takeaways Warren Buffett's Berkshire Hathaway sold off more of its stake in Bank of America, and no longer will have to ...
Berkshire Hathaway sold 9.5 million shares of Bank of America stock in recent days for about $382 million and now holds a 10% ...
Bank of America is poised to succeed on a nationwide scale, and there seems to be no structural reason it can't be one of the strongest bank franchises going forward. If the economy ever falters ...
This cost control, alongside the potential for further growth, positions Bank of America favorably in the market, justifying the Buy rating. In another report released on October 9, Barclays also ...
The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing ...
Goldman said it returned a total of $1.98 billion to shareholders during Q3. The total included $978 million paid out in ...
Bank of America's stock has recovered from the worst of the Great ... However, it has not cut its dividend and seems ...
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