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 ...

Massimo Giachetti/iStock Editorial via Getty Images Bank of America Corporation (NYSE:BAC) is scheduled to report earnings for the first quarter on April 16, 2024, and the bank has a great chance to sail past profit estimates, in my view. The U.S. economy has seen a long-term easing of inflation (though inflation flared up in early 2024) as well as strong job creation, which should boost Bank of America’s consumer loan origination. At the same time, the central bank has proven to be highly flexible with ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Bank of America (BAC) . This company, which is in the Zacks Banks - Major Regional industry, shows potential for another earnings beat.This nation's second-largest bank has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6 ...

Bank of America (BAC) is scheduled to report first-quarter 2024 results on Apr 16, before the opening bell. Despite being the most interest rate-sensitive among its peers, the increase in the company’s net interest income (NII) is likely to have been subdued in the quarter.The Federal Reserve kept the interest rates unchanged in the quarter at a 22-year high of 5.25-5.5%. This is likely to have aided BAC’s NII and net interest margin (NIM). But the company’s billions of dollars’ worth of long-dated Treasuri ...

Buyers of 10-year Treasury notes are betting the U.S. Federal Reserve is not finished raising interest rates. That’s because the yield on the notes has kept rising even though Fed Chairman Jerome Powell has repeatedly and strongly suggested that the central bank is done raising rates. And usually, the yield on the 10-year notes stops climbing when the Fed is done hiking. I don’t expect the Fed to hike rates again, primarily because wages and inflation seem more or less under control. At their current levels ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Bank of America (BAC) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on April 16. On ...

Key PointsLower interest rates ahead could cause savings yields to fall as a result, making dividend stocks more attractive. Three names stand out as they operate in financially stable industries, making their high yields affordable. Each counting with different fundamental tailwinds, analysts think that they could be a potential addition to income portfolios.5 stocks we like better than D.R. HortonMost people have not—and likely will not—realize one of the biggest side effects of the potential interest rat ...

CHARLOTTE, N.C., April 8, 2024 /PRNewswire/ -- Bank of America Corporation today announced the Board of Directors has authorized regular cash dividends on the outstanding shares or depositary shares of the following series of preferred stock: Series of Preferred Stock Dividend per Share or Depositary Share1 Record Date Payment Date Floating Rate Non-Cumulative Preferred Stock, Series E $0.36991 April 30 May 15 Floating Rate Non-Cumulative Preferred Stock, Series F $1,531.00267 May ...

Bank of America ’s virtual financial assistant, Erica , is now engaging with clients 2 million times per day.“Erica acts as both a personal concierge and mission control for our clients,” Nikki Katz , head of digital at Bank of America, said in the release. “Erica meets clients where they are and when they need us and has become a true guide by their side.”While it took four years for Erica to reach 1 billion interactions , it took only 18 months to add another 1 billion, according to the release.Clients’ u ...