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Bank of America(BAC) - 2024 Q4 - Annual Results
2025-01-16 11:44
The Corporation presents certain key financial and nonfinancial performance indicators that management uses when assessing consolidated and/or segment results. The Corporation believes this information is useful because it provides management with information about underlying operational performance and trends. Key performance indicators are presented in Consolidated Financial Highlights on page 2 and on the Key Indicators pages for each segment. Business Segment Operations The Corporation reports the resul ...
Bank of America reports fourth-quarter earnings before the bell
CNBC· 2025-01-16 11:15
Brian Moynihan, chief executive officer of Bank of America Corp., during a Bloomberg Television interview in Versailles, France, on Monday, May 13, 2024.Bank of America is scheduled to report fourth-quarter earnings before the opening bell Thursday.Here's what Wall Street expects:Earnings: 77 cents a share, according to LSEGRevenue: $25.19 billion, according to LSEGNet Interest Income: $14.33 billion on an FTE basis, per StreetAccountTrading Revenue: Fixed income of $2.41 billion, Equities of $1.68 billion, ...
5 Reasons to Be Bullish on Stocks in Early 2025
ZACKS· 2025-01-15 22:31
Though 2025 has barely started, it’s off to a bumpy and choppy start. However, several data points suggest that the multi-year bull market in stocks will continue, and bulls should stay the course. Below are five bullish catalysts for US equities:1. Easing Geopolitical TensionsYesterday, several news outlets reported a “preliminary” ceasefire agreement has been reached between Israel and Hamas. Since the October 7th attack on Israel, Middle East tensions have been a significant risk and uncertainty for mark ...
U.S. Soccer Federation and Bank of America Announce Transformative, Long-term Partnership
Prnewswire· 2025-01-14 13:30
Historic Investment in U.S. Soccer extends to all National Teams, New National Training Center, and new SheInvests programPartnership expands on the bank's focus on engaging clients and communities through the fastest growing sport in the U.S.CHICAGO, Jan. 14, 2025 /PRNewswire/ -- The U.S. Soccer Federation and Bank of America, one of the world's leading financial institutions, today announced a transformative, long-term partnership which makes Bank of America the first Official Bank Partner of all 27 U.S. ...
What Analysts Think of Bank of America Stock Ahead of Earnings
Investopedia· 2025-01-14 00:00
Key TakeawaysBank of America is set to report fourth-quarter earnings before the opening bell Thursday.The bank is expected to post higher revenue and profits from the same time last year.The results come after Bank of America beat estimates in the first three quarters of 2024 as its wealth management and investment banking divisions grew. Bank of America (BAC) is scheduled to post its fourth-quarter earnings report before the opening bell Thursday, with analysts expecting rising revenue and profits. Analys ...
Bank of America: A Weaker Consumer Could Weigh On Q4 Earnings
Seeking Alpha· 2025-01-13 17:08
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. The information contained herein is for informational purposes only. Nothing in this article should b ...
Gear Up for Bank of America (BAC) Q4 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2025-01-13 15:16
Analysts on Wall Street project that Bank of America (BAC) will announce quarterly earnings of $0.78 per share in its forthcoming report, representing an increase of 11.4% year over year. Revenues are projected to reach $25.14 billion, increasing 14.5% from the same quarter last year.Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial for ...
Should You Buy Bank of America Shares Ahead of its Q4 Earnings?
ZACKS· 2025-01-13 14:16
One of the biggest banks in the United States, Bank of America (BAC) , is scheduled to announce fourth-quarter 2024 results on Jan. 16, before the opening bell. Among BAC’s close peers, JPMorgan (JPM) and Citigroup (C) are slated to release quarterly numbers on Jan. 15. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Bank of America’s third-quarter performance was decent amid industry-wide operating challenges. This time, we believe the company’s performance will be similar to the p ...
America's 6 Biggest Banks to Report $31 Billion in Profits
PYMNTS.com· 2025-01-13 13:41
America’s biggest banks apparently have Donald Trump to thank for a successful quarter.Banking giants are set to report $31 billion in profits for the last three months of last year, fueled by a surge in trading and dealmaking following the U.S. presidential election, the Financial Times (FT) reported Monday (Jan. 13).According to the report, earnings for the six largest U.S. banks in terms of assets — JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley — are projected ...
Bank of America Q4 Preview: AI Job Cuts Are Big
Seeking Alpha· 2025-01-12 06:52
Company Overview - The account is managed by Noah's Arc Capital Management, which aims to provide Wall Street-level insights to main street investors [1] - The research focus is primarily on 20th-century stocks (old economy) undergoing a 21st-century transformation, with occasional coverage of companies that facilitate such transformations [1] - The firm seeks innovations in business models that can lead to significant stock price changes [1] Analyst Information - The main account author, Noah Cox, is the managing partner of Noah's Arc Capital Management [3] - The views expressed in the article are not necessarily reflective of the firm's views [3] Disclosure and Disclaimer - The analyst has no stock, option, or derivative positions in any of the mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article expresses the analyst's own opinions and is not intended as investment advice [3] - Seeking Alpha's disclosure states that past performance is no guarantee of future results and no investment recommendations are being made [4]