Bank of America Corporation (BAC) shares touched a new 52-week high of $47.74 during Monday’s trading session. Quarter to date, the stock has risen 19.7%, outperforming the Zacks Finance sector and the S&P 500 Index. Also, BAC stock has fared better than its industry peers — Citigroup Inc. (C) and JPMorgan Chase & Co. (JPM) .Quarter-to-Date Price PerformanceImage Source: Zacks Investment ResearchDoes BAC stock have more upside left despite hitting a 52-week high? Let’s try to find out.Factors Likely to Impa ...

In the latest trading session, Bank of America (BAC) closed at $47.50, marking a +1.06% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.3%. Elsewhere, the Dow gained 0.99%, while the tech-heavy Nasdaq added 0.27%.The nation's second-largest bank's stock has climbed by 12.2% in the past month, exceeding the Finance sector's gain of 4.87% and the S&P 500's gain of 2.1%.The upcoming earnings release of Bank of America will be of great interest to investors. In that re ...

Private Bank market executive for Michigan and Minnesota, will also oversee the bank's efforts to grow market shareDETROIT, Nov. 20, 2024 /PRNewswire/ -- Bank of America has named Ed Siaje president of Bank of America Detroit. As president and head of the market, he will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank's eight lines of business. He succeeds Matt Elliott, who recently retired from the company. Ed Siaje Siaje will also ov ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Though some third-quarter stock market moves of ‘The Oracle of Omaha’ Warren Buffett, have been known for months, and others – like Apple (NASDAQ: AAPL) and Bank of America (NYSE: BAC) stock sales – drew much attention, the latest 13-f filing provided the fullest picture to date.As it turned out, the overall portfolio underwent relatively few changes despite Berkshire Hathaway’s (NYSE: BRK.A, BRK.B) cash pile ballooning into hundreds of billions. As many as 30 holdings remained entirely unchanged.The bigges ...

Bank of America at the heart of Canary Wharf financial district on 5th November 2024 in London, ... [+] United Kingdom. (photo by Mike Kemp/In Pictures via Getty Images)In Pictures via Getty ImagesBank of America’s stock (NYSE: BAC) has gained about 42% year-to-date, compared to the 25% rise in the S&P500 index over the same period. Bank of America’s peer Wells Fargo (NYSE: WFC) is up by an even stronger 54% YTD. Overall, at its current price of $46 per share, BAC is trading around the Trefis’ estimate for ...

Bank of America (BAC) closed at $46.72 in the latest trading session, marking a -0.06% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.39% for the day. On the other hand, the Dow registered a loss of 0.13%, and the technology-centric Nasdaq increased by 0.6%.Heading into today, shares of the nation's second-largest bank had gained 10.47% over the past month, outpacing the Finance sector's gain of 3.06% and the S&P 500's gain of 1.06% in that time.The investment com ...

A month has gone by since the last earnings report for Bank of America (BAC) . Shares have added about 7.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Bank of America due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Bank of America Q3 Earnings Beat, IB & Trading ...

Bank of America (BAC) remains well-poised for growth on decent loan demand, solid deposits and rate cuts. Also, the opening of new financial centers and improving digital capabilities drive its top line. However, investment banking (IB) fee income growth challenges and muted trading revenues are major near-term concerns.Tailwinds for BACRate Cuts to Aid Net Interest Income: BofA’s net interest income (NII) and net interest yield are expected to witness improvement going forward on the back of rate cuts impl ...

The $509.1 million impact represents the B.A.A.'s operational costs, spending by marathon participants and spectators, and other secondary economic impacts from household spending, taxes and vendor spending. For this report, the Donahue Institute examined the two categories of expenditures of the B.A.A. – year-round operations and a larger set of spending associated with marathon weekend. "The Boston Marathon is more than just a race; it's a powerful driver that shines a spotlight on the Greater Boston area ...