One of the biggest banks in the United States, Bank of America (BAC) , is scheduled to announce second-quarter 2024 results on Jul 16, before the opening bell.With the BAC stock trading near a two-year high of $41.42, should you buy it ahead of its second-quarter results? Before we analyze the stock’s investment worthiness, it’s time to look at the company’s historical performance and how it is expected to fare this time.Bank of America has an impressive earnings surprise history. The company’s earnings out ...

Better Money Habits® Survey Indicates Younger Americans are Delaying Milestones and Implementing Lifestyle Changes to Adapt to Today's Economic RealitiesCHARLOTTE, N.C., July 10, 2024 /PRNewswire/ -- Today, 46% of Gen Zers (ages 18-27) rely on financial assistance from parents and family, according to new research from Bank of America America's Better Money Habits® financial education team. In addition, 52% of those surveyed said they don't make enough money to live the life they want and cite the cost of l ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Bank of America (BAC) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 16. On ...

CHARLOTTE, N.C., July 9, 2024 /PRNewswire/ -- As previously announced, Bank of America will report its second-quarter 2024 financial results on Tuesday, July 16.  The results will be released at approximately 6:45 a.m. ET, followed by an investor conference call at 8:30 a.m. ET.The news release, supplemental filing and investor presentation can be accessed at Bank of America's Investor Relations website at https://investor.bankofamerica.com/quarterly-earnings.Investor Conference Call Information For a liste ...

J. Michael Jones The last 18 months have seen large “money center” banks continue to outperform smaller regional banks, as these larger banks can generally rely on more stable, lower cost funding, large sources of non-interest income, and flights to quality among more nervous customers. To that end, Bank of America (NYSE:BAC) has continued to perform since my last update, with an 18% move outdoing not only smaller regional banks but also large banks as well (though not quite as good as others like JPMor ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

The banking sector has a reputation for being a lucrative space for investors. Not only do bank stocks pay out massive dividends and yield impressive returns, but they are also great options for investors looking to build strong portfolios.The demand for banking stocks is also at an all-time high following the banking industry’s strong showing in the year’s first half. Sentiment around the industry is largely positive because of this, and its overall performance should stay the same, barring any anomalies i ...

Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong - without too much inflation - to ensure banks are doing okay. What’s called the Fed’s “stress test” ended last week, and despite some concerns about the state of consumer credit, most banks passed with flying colors.Passing the test means these banks have a new capital requirement to upkeep, set by the Fed after analyzing results. Often, the risk management department ...

Each of these names brings more reward than risk to the table.Investors can own as many stocks as they want whenever they want, and thankfully so. After all, more stocks mean more diversification. In this vein, The Motley Fool suggests holding at least 25 different stocks at any given time.Sometimes, though, it's eye-opening to think about which stocks you would buy if you could only buy a small number of them. Such an exercise forces you to identify the market's most promising risk-versus-reward scenarios. ...

CHARLOTTE, N.C., June 28, 2024 /PRNewswire/ -- Bank of America today commented on the results of the Federal Reserve's 2024 Comprehensive Capital Analysis and Review (CCAR) and announced plans to increase its quarterly common stock dividend to $0.26 per share beginning in the third quarter of 2024.Based on the 2024 CCAR results, Bank of America's stress capital buffer (SCB) will be 3.2% and the CET1 minimum requirement will be 10.7% when finalized.  This new SCB will be effective from October 1, 2024 to Sep ...