Key PointsCiti's first quarter 2024 results may give investors the insight they need to ride the market in the coming months.Despite uncertain Fed timing, the bank is betting on consumers and a new rally higher in the stock market. Fundamentally, clients and corporations are sure that 2024 will see lower interest rates and better business.5 stocks we like better than CME GroupTraders who postpone the potential interest rate cuts from the Federal Reserve (the Fed) could be in for a reckoning. According to th ...

2 Earnings to Watch for Next WeekThis article is merely meant to talk about two companies that I’ll have my eyes on for earnings. Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.2 Earnings Reports to Watch for Next WeekBelieve it or not, it’s that time of year again. I’ve said it many times before and I’ll say it again: it feels like the last earnings season just ended yet here ...

If you don't have a ton of idle money to work with, you should allocate what you can to these low-cost long-term stocks.There's never any real shortage of stocks to consider buying. The only consideration is which stocks, or which kinds of stocks. Your job as an investor is to find the best risk-versus-reward scenarios available to you. This task is more challenging, however, when you're hunting for a true forever holding. These names must be in a business that will last ... well, forever. These companies m ...

Bank of America (BAC) closed the latest trading day at $35.79, indicating a -1.54% change from the previous session's end. This change lagged the S&P 500's 1.46% loss on the day. At the same time, the Dow lost 1.24%, and the tech-heavy Nasdaq lost 1.63%.The nation's second-largest bank's stock has climbed by 1.85% in the past month, exceeding the Finance sector's loss of 3.74% and the S&P 500's gain of 1.6%.The investment community will be closely monitoring the performance of Bank of America in its forthco ...

  Analyst Estimates for Q1 2024 Q4 2024Q1 2023 Revenue$25.37B$22.0B$26.26B(Diluted) Earnings Per Share75 cents35 cents (70 cents excluding one-time items)94 centsNet Income attributable to shareholders $6.05B $2.8B ($5.6B excluding one-time items)$7.65B Key Metric Net interest income for the second-largest bank in the U.S. likely totaled $13.79 billion in the first quarter, according to consensus projections collated by Visible Alpha. That's down slightly from $13.95 billion in the fourth quarter and $14 ...

CHARLOTTE, N.C., April 12, 2024 /PRNewswire/ -- Bank of America Corporation announced today that it will redeem on April 22, 2024 all $600,000,000 principal amount outstanding of its Floating Rate Senior Notes, due April 2025 (CUSIP No. 06051GJU4) (the "Floating Rate Notes"), and all $2,250,000,000 principal amount outstanding of its 0.976% Fixed/Floating Rate Senior Notes, due April 2025 (CUSIP No. 06051GJR1) (the "Fixed/Floating Rate Notes" and, together with the Floating Rate Notes, the "Notes"). The red ...

Wall Street analysts forecast that Bank of America (BAC) will report quarterly earnings of $0.77 per share in its upcoming release, pointing to a year-over-year decline of 18.1%. It is anticipated that revenues will amount to $25.28 billion, exhibiting a decline of 3.7% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial proje ...

Massimo Giachetti/iStock Editorial via Getty Images Bank of America Corporation (NYSE:BAC) is scheduled to report earnings for the first quarter on April 16, 2024, and the bank has a great chance to sail past profit estimates, in my view. The U.S. economy has seen a long-term easing of inflation (though inflation flared up in early 2024) as well as strong job creation, which should boost Bank of America’s consumer loan origination. At the same time, the central bank has proven to be highly flexible with ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Bank of America (BAC) . This company, which is in the Zacks Banks - Major Regional industry, shows potential for another earnings beat.This nation's second-largest bank has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6 ...

Bank of America (BAC) is scheduled to report first-quarter 2024 results on Apr 16, before the opening bell. Despite being the most interest rate-sensitive among its peers, the increase in the company’s net interest income (NII) is likely to have been subdued in the quarter.The Federal Reserve kept the interest rates unchanged in the quarter at a 22-year high of 5.25-5.5%. This is likely to have aided BAC’s NII and net interest margin (NIM). But the company’s billions of dollars’ worth of long-dated Treasuri ...