Bank of America (BAC) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.06%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.77 per share when it actually produced earnings of $0.83, delivering a surprise of 7.79%.Over the last four quar ...

Bank of America's second-quarter profit fell as income from interest on loans shrank and provisions for potential credit losses jumped, but a better-than-expected forecast for net interest income sent the bank's shares higher in premarket trade. Banks are shelling out more on deposits as interest rates are at their highest since 2007, which have boosted returns on bonds, making alternatives such as money market funds more attractive.The cost of preventing a deposit outflow has eroded banks' gains from the r ...

Bank of America 2Q24 Financial Results July 16, 2024 2Q24 Financial Results | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------|-------|-------|-------------|-----------|-------------|-------|-------------|-------| | ($B, except per share data) | 2Q24 | 1Q24 | Inc / (Dec) | 1Q24Adj.1 | Inc / (Dec) | 2Q23 | Inc / (Dec) | | | Total revenue, net of interest expense | $25.4 | | | | | | | % | | Provision for credit losses | 1.5 | | | | | | | | | Net charge-offs ...

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 ...

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Supplemental Information Second Quarter 2024 Current-period information is preliminary and based on company data available at the time of the earnings presentation. It speaks only as of the particular date or dates included in the accompanying pages. Bank of America Corporation (the Corporation) does not undertake an obligation to, and disclaims any duty to, update any of the information provided. Any forward-looking statements in this information are subject to the forward-looking language contained in the ...

CHARLOTTE, N.C., July 16, 2024 /PRNewswire/ -- Bank of America reported its second quarter 2024 financial results today. 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:Chief Executive Officer Brian Moynihan and Chief Financial Officer Alastair Borthwick will discuss the financial results in an investor conference call at 8:30 a.m. ET t ...

CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled "Annual Oversight of Wall Street Firms," in Hart Building on Wednesday, December 6, 2023.Bank of America is scheduled to report second-quarter earnings before the opening bell Tuesday.Here's what Wall Street expects:Earnings: 80 cents a share, according to LSEGRevenue: $25.22 billion, according to LSEGNet Interes ...

Nvidia's three most-prominent billionaire sellers opted to put their respective fund's capital to work in a trio of brand-name companies trading at a discount.For three decades, investors have been patiently waiting for the next great innovation to come along that would rival what the internet did for corporate America. The arrival of artificial intelligence (AI) might be just what the doctor ordered.Artificial intelligence allows software and systems to oversee tasks that humans would normally undertake. T ...

Loading...Loading...Bank of America Corp BAC will be reporting its second-quarter earnings on Tuesday. Wall Street expects 80 cents in EPS and $25.2 billion in revenues as the company reports before market hours.The stock is up 43.07% over the past year, 24.74% YTD.Let’s look at what the charts indicate for Bank of America stock, and how the stock currently maps against Wall Street estimates.Bank of America Stock’s Strong Bullish Momentum Ahead Of Q2 Earnings Bank of America Corp BAC is showing strong bulli ...