Bank of America Q3: Why I Sold Shares After Earnings
Bank of America’s third quarter earnings beat expectations on revenue and on EPS. Read why I sold 33% of my shares shortly after BAC’s release came out.
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.
Bank of America (BAC) Q3 Earnings and Revenues Top Estimates
Bank of America (BAC) delivered earnings and revenue surprises of 3.85% and 0.22%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?
Bank of America: Q3 Earnings Snapshot
Bank of America Corp. (BAC) on Tuesday reported third-quarter profit of $6.9 billion. The bank, based in Charlotte, North Carolina, said it had earnings of 81 cents per share. The results topped Wall Street expectations.
Bank Of America Q3 Profit Decreases, But Results Top Estimates
Bank of America Corp. (BAC) reported Monday that net income applicable to common shareholders for the third quarter declined to $6.38
Bank of America bonds were being snapped up before and earnings Q3 earnings
Bank of America's stock was up 1.4% after third-quarter earnings showed a profit beat that offset a decline in net interest income, and buyers were snapping up its outstanding bonds as spreads narrowed to their tightest levels of the year.
Bank of America Posts Jump in Trading Profit
Bank of America’s sales & trading arm continues to grow as a major driver of its profits. The unit earned $1.5 billion in profit in the third quarter of 2024, approximately 22% of the bank’s net income for the period.
Bank of America 3Q Net Interest Income Beats Estimates
The estimate 1.2 for Lisa when asked you see net interest expenses, non-interest expenses came in just a little bit light. Again, you see FICC trading revenue coming in at 2.94 billion. That exceeds expectations of $2.
Bank of America's global wealth business profit and revenue climbs
Bank of America said its global wealth and investment management business had net income of $1.1 billion, up from $1.0 billion in the year-earlier period. Revenue rose 8% to $5.8 billion, boosted by a
Is Bank of America Corporation (BAC) the Best Stock In Buffett Stock Portfolio?
We recently compiled a list titled Buffett Stock Portfolio: Top 10 Stock Picks for 2024. In this article, we will look at ...
Berkshire Hathaway: No Real Reasons To Panic On Recent Sales
Berkshire's cash reserve of $277B positions it well to capitalize on steep pullbacks and other opportunities in Japanese ...
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Evaluating BAC Stock Before Q3 Earnings: Should You Buy Now or Hold?
See Zacks Earnings Calendar.Warren Buffett has dumped BAC shares worth more than $10 billion since mid-July. This has lowered his stake in the company to 10.1%. The BAC stock has lost 9.2% since ...
Jim Cramer Says Bank of America Corporation (BAC) ‘Caught a Big Break’ Because It Was Up 5%
We recently compiled a list of the Jim Cramer is Talking About These 14 Stocks Before Earnings. In this article, we are going ...
Morgan Stanley's stock is rising enough that option straddle buyers can profit
Morgan Stanley's stock accelerated to the upside after the opening bell, enough that buyers of the option strategy known as a ...
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BAC Factor-Based Stock Analysis
BANK OF AMERICA CORP (BAC) is a large-cap value stock in the Money Center Banks industry. The rating using this strategy is 100% based on the firm’s underlying fundamentals and the stock’s ...