With oil set to move higher, these 3 stocks are set to outperform.Earlier this month, analysts at Bank of America (BofA) predicted that both Brent and West Texas Intermediate (WTI) crude oil prices could hit $95 a barrel this summer. While that likely wouldn't be good for your wallet due to higher prices at the pump, it could be good for your investment portfolio.Overall, the investment bank raised its full-year average price prediction for Brent to $86 a barrel from a prior forecast of $80 a barrel. Meanwh ...

Investors are always looking for stocks that are poised to beat at earnings season and Bank of America Corporation (BAC) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Bank of America is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is ...

We are in the initial stages of the first-quarter 2024 earnings season. The earnings results and management guidance will be crucial for market participants to gauge the health of the U.S. economy.As of Apr 12, 30 companies on the S&P 500 Index have reported their financial numbers. Total earnings for these 30 index members are up 21% from the same period last year on 5.8% higher revenues, with 80% beating EPS estimates and 56.7% beating revenue estimates.At present, total earnings of the S&P 500 Index in f ...

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 ...