According to a 2023 report by the Joint Center for Housing Studies at Harvard University, "millions of households are now priced out of homeownership, grappling with housing cost burdens, or lacking shelter altogether."   "The need for affordable housing continues to grow. However, affordable housing developers face the same macroeconomic headwinds challenging other industries – higher interest rates, inflation and supply chain issues," said Maria Barry, Community Development Banking national executive at B ...

Yesterday, we started talking about companies to watch in March 2024 which are undervalued, in our opinion, and represent significant opportunity for investors this coming month who are looking for a good deal.Here are the next three stocks we have our eye on, which present good value for money for their share price, in our opinion: Bank of AmericaSumitomo Mitsui Financial GroupDelta AirlinesBank of America Corporation (NYSE: BAC)Copy link to sectionCurrent share price at the time of writing: $34.31YTD shar ...

Bank of America Corporation (NYSE:BAC) UBS Financial Services Conference February 27, 2024 9:40 AM ET Company Participants Aron Levine – President-Preferred Banking Conference Call Participants Erika Najarian – UBS (US) Erika Najarian Hello again everybody. So up next we have Bank of America. And joining us from Bank of America is Aron Levine. He is the President of Preferred Banking, Consumer and Small Business. Welcome, Aron. Aron Levine Great to be here. Thanks for having me. Erika Najarian Absolutely. S ...

Bank of America (BAC -0.91%) is an iconic name in the finance industry. The company appears to have improved its business since the Great Recession, with the dividend back on a solid growth track after that difficult period. But should investors buy this bank? Here are a few reasons why you might want to take a pass.1. Bank of America is a complex beastWith a market cap of more than $260 billion, Bank of America is a very large company. Just being large isn't a bad thing. In fact, it can bring with it econo ...

Recent years have seen the technology sector lead the global stock markets, and 2023 and 2024 feature a major artificial intelligence (AI) boom, with nearly every company that recorded strong results and significant growth being involved with the trend in one way or another.Perhaps the most dramatic example from last year – and, to an extent, this year – was Nvidia (NASDAQ: NVDA), the blue-chip chipmaker that saw its stock surge more than 200% in 2023. This year, another AI-involved firm, Super Micro Comput ...

Banks may have cut back on some of their branches, but maintaining a retail presence remains a priority even in the age of the smartphone.That’s the message from PNC Financial Services Group Inc. PNC, +1.25%, JPMorgan Chase & Co. JPM, +1.06% and other banks that continue to open new branches in some areas, even as they scale back in others.“Bank branches are more than just expensive billboards, they signal a bank’s commitment to the community,” said David Schiff, a senior partner with consulting firm West M ...

Bank of America (BAC) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this nation's second-largest bank have returned +0.7% over the past month versus the Zacks S&P 500 composite's +5% change. The Zacks Banks - Major Regional industry, to which Bank of America belongs, has gained 4.9% over this period. Now the key question is: Where could the stock be headed in the near term? ...

This man wants you to own his 5.1% yielding certificates of deposit. Bloomberg/Bloomberg via Getty Images Goldman Sachs (NYSE:GS) is one of the priciest major U.S. bank stocks. Based on the financials shown below, the stock trades at 16.7 times earnings, 2.86 times sales and 1.22 times book value. EPS: $22.87. Revenue: $46.275 ($133.75 per share). Book value per share: $313. By contrast, the S&P financials index trades at 13.2 times trailing earnings, 15 times forward earnings, 1.89 times sales and 1.76 t ...

Financial stocks can cover the gamut of big, established banks through digital upstarts. SoFi Technologies (SOFI -4.70%) is a young and growing all-digital bank that's adding customers at a rapid pace. Bank of America (BAC -0.77%) is a large, traditional bank that pays a dividend. Which of these stocks is the better buy today?High growth and increasing stabilityJennifer Saibil (SoFi): SoFi has been reporting incredible growth, and its strategy of recruiting new customers and getting them to adopt more produ ...

Bank of America (BAC) closed the latest trading day at $33.70, indicating a -0.77% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.13%. At the same time, the Dow added 0.13%, and the tech-heavy Nasdaq lost 0.32%.The nation's second-largest bank's shares have seen an increase of 3.63% over the last month, aligning with the Finance sector and outstripping the S&P 500's gain of 2.99%.Analysts and investors alike will be keeping a close eye on the performan ...