CHARLOTTE, N.C., Jan. 5, 2024 /PRNewswire/ -- As previously announced, Bank of America will report its fourth-quarter 2023 financial results on Friday, January 12.  The results will be released at approximately 6:45 a.m. ET, followed by an investor presentation at 11 a.m. ET. 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 InformationFor a listen- ...

Key PointsBank of America shares finished the year strong, and momentum is building. Analysts are expecting big things in 2024, with some calling for new all-time highs. There will be the usual headwinds to navigate, but the risk/reward setup is quite attractive.5 stocks we like better than Bank of AmericaA 35% rally since October meant that Bank of America NYSE: BAC shares finished the year on a high after what was, at best, turning into a mediocre year before that. Shares of the Wall Street titan have bee ...

Fundstrat analyst Tom Lee, who correctly called last year’s rally of the S&P 500 in the face of tremendous pessimism about U.S. equities, recently advised investors to overweight certain financial stocks. Specifically, Lee said on The Julia LaRoche Show that with interest rates are likely to fall meaningfully this year, and the most obvious beneficiaries will be banks. I agree that banks will do well in 2024, but for a slightly different reason. Although I believe that housing prices are likely to drop, I t ...

NongAsimo Market Recap The Santa rally, started early this year but propelled strong market returns throughout the remainder of the year. Vanguard's High Dividend Yield ETF (VYM) notched an impressive 5.62% gain in December, capping off the year with a return of 6.58%. The SPDR S&P 500 ETF Trust (SPY) posted a strong 4.57% gain in December, finishing the year with a solid return of 26.18%. My watchlist, for the second consecutive month, surpassed both benchmarks with an 11.53% gain in December and finished ...

New year 2024. Calculator and US dollars Life Background/iStock via Getty Images A new year means a new market. And in 2024, I’m eager to keep buying stocks. This year, I invested more money in term deposits than stocks, due to the rise in interest rates we’d observed in 2022. With the Fed forecasting 75 basis points worth of cuts for 2024, there’s reason to believe that stocks will rally. Treasuries will also rally in such a scenario but it’s stocks that have the most to gain, because they currently trad ...

5 Reasons To Avoid Visa (V) Stock Right Now Thomas Cooper / Getty Images News via Getty Images Visa was founded in 1958Source: Justin Sullivan / Getty ImagesIn 1958, Bank of America Corporation (NYSE: BAC) launched Visa Inc. (NYSE: V), the first consumer credit card program in the U.S. While Diners Club was the world’s first multi-purpose credit card, the name tells you pretty much what it was relegated to.Bank of America started Visa to compete with MasterCardSource: hapabapa / iStock Editorial via Getty ...

Loading...Loading...Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, ra ...

fotoslavt/iStock via Getty Images In our last article, we gave (NYSE:BAC) a rare buy rating. We had the coupling of extreme valuations alongside some other factors that setup extraordinary returns. Our point is that the bond bear story, even if it pans out longer term, will take time to do so. There are no one-way markets and a recession likely gives the bond bear market a breather. BAC will benefit immensely as its poorly purchased held to maturity securities stop taking losses and roll-off over time. ...

6 Dividend Stocks With Businesses Anyone Can Understand relif / Getty Images Investors love dividend stocks because they provide dependable income and give investors a great opportunity for solid total return. Total return includes interest, capital gains, dividends, and distributions realized over time. In other words, the actual investment or portfolio return consists of dividend income and stock appreciation.One of the reasons Warren Buffett has been a successful investor for decades was his steadfast ...

Brandon Bell Bank of America Corporation (NYSE:BAC) or BofA investors received a delightful early Christmas gift from Santa, as BAC has significantly outperformed the S&P 500 (SPX) (SPY) since my previous update in September 2023. I urged investors to capitalize on the implied pessimism in BAC's valuation, as those attractive levels "might be gone if investors waited." Accordingly, BAC notched a total gain of nearly 38% from its late October lows through last week's highs. As a result, investors who leverag ...