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Bank of America Corporation (BAC-PE)

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23.95

+0.02

+(0.08%)

At close: January 16 at 3:47:57 PM EST

23.75

-0.20

(-0.86%)

Pre-Market: 8:13:55 AM EST

'This is just the beginning' for bank profit growth: CFRA analyst

The financials sector is showcasing a strong earnings performance this season, as major banks Bank of America (BAC), Morgan Stanley (MS), Citigroup (C), JPMorgan Chase & Co. (JPM), Goldman Sachs (GS), and Wells Fargo (WFC) reported a combined 19% increase in net income for 2024. CFRA Research Director of Global Fundamental Research Ken Leon joins Market Domination to offer his analysis on the banking industry’s outlook. “With a US economy growing 2.5%, there's two sides of what gets you to net interest income. One is rates, which maybe we'll say stays or goes, [and] one cut," Leon explains. He states the "volumes off of a US economy growing [at] 2.5% is very positive." Additionally, Leon examines how regulatory changes, particularly under a pro-business Trump administration, could further benefit banks. "We have new actors in important roles, not only at the [Federal Reserve] but across all the organizations, whether it's the FDIC [Federal Deposit Insurance Corporation], the Department of Justice, the FTC [Federal Trade Commission]," Leon notes. He believes this will "open up markets" and will allow the country to see a "pro-business, pro-economy" environment the nation hasn't seen in four years. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch

Yahoo Finance Video 15 hours ago

MS

MS-PQ

BAC
Retail sales, Big Bank earnings, Bessent hearing: 3 Things

US stock futures (ES=F, NQ=F, YM=F) pull back from this morning's session highs as Wall Street digests weekly jobs claims data and December's retail sales, which missed estimates of 0.6% and rose by only 0.4% month-over-month. Earnings season keeps on rolling for the financials sector, with major banks Morgan Stanley (MS) and Bank of America (BAC) reporting their fourth quarter results Thursday morning. Read up on Big Bank earnings as the industry looks ahead to the incoming Trump administration in the latest Morning Brief column. Lastly, President-elect Donald Trump's nominee for secretary of the US Department of the Treasury, Scott Bessent, will be heading to Capitol Hill today to face questioning by lawmakers as part of his confirmation hearing. Senator Elizabeth Warren (D-Ma.) has reportedly prepped over 180 questions for Bessent ahead of Bessent's confirmation vote. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 23 hours ago

NQ=F

UNH

YM=F
Here’s how L.A. homeowners impacted by the wildfires can request mortgage relief

JPMorgan Chase and Bank of America have programs offering mortgage relief to homeowners impacted by the California wildfires.

Fortune 5 hours ago

BAC

FMCC

FNMA
Bank of America Corp (BAC) Q4 2024 Earnings Call Highlights: Strong Financial Performance Amid ...

Bank of America Corp (BAC) reports robust net income and revenue growth, while navigating increased expenses and regulatory challenges.

GuruFocus.com 6 hours ago

BAC
Bonds That Once Haunted Banks Are Now Juicing Profits

Banks are expecting a bump to their core banking income as older, lower-yielding bonds mature and can be reinvested at today’s far higher yields.

The Wall Street Journal 15 hours ago

WFC

JPM

BAC
These Stocks Moved the Most Today: TSMC, Bank of America, Morgan Stanley, UnitedHealth, Symbotic, D-Wave Quantum, and More

Fourth-quarter net profit of Taiwan Semiconductor jumps 57%, UnitedHealth falls after revenue misses estimates, and profits at Bank of America and Morgan Stanley beat analysts’ expectations.

Barrons.com 16 hours ago

TSLA

NVDA

UNH
Bank Of America, Morgan Stanley Trade Near Buy Points After Q4 Beats

Bank of America, Morgan Stanley earnings more than double for Q4. BAC stock and MS shares are closing in on buy points.

Investor's Business Daily 16 hours ago

BAC

MS

MS-PQ
Bank of America (BAC) Q4 2024 Earnings Call Transcript

BAC earnings call for the period ending December 31, 2024.

Motley Fool 16 hours ago

BAC
BofA Floats Third Year of 20% S&P Gains in Market Surprises List

(Bloomberg) -- A third straight year of outsize gains in US stocks — a display of strength last seen in the 1990s — leads Bank of America Corp.’s list of potential market surprises for 2025.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyNYC Commuters Get New Way to Dodge Traffic: $95 Helicopter RidesWill Americans Ever Lose Their Taste for Telework?Chicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesChurches, Cinemas — and Moon Artifacts — Top List of E

Bloomberg 18 hours ago

BAC

^GSPC
Fixed-Income Investors Wrestle With Higher Yields Ahead of Inauguration

Bond investors are in for a bumpier ride than usual, as Treasury yields are expected to move sharply in the coming weeks on the heels of an unpredictable Trump administration and closely watched economic data on growth, jobs and inflation.

The Wall Street Journal 18 hours ago

BAC

WFC
Is Bank of America (BAC) the Best Bank Stock to Buy in 2025?

We recently published a list of 10 Best Bank Stocks to Buy in 2025. In this article, we are going to take a look at where Bank of America Corporation (NYSE:BAC) stands against other best bank stocks to buy in 2025. 2024 was a stellar year for banking giants in the United States. According to […]

Insider Monkey 19 hours ago

BAC
Merrill Lynch Brings More Wealthy Clients to Its Fee-Based Advisory Program

Bank of America’s brokerage unit reported strong growth, as did the company’s private bank, as executives are emphasizing efforts to provide more complex services to wealthier clients.

Barrons.com 19 hours ago

BAC
Four Things That Helped Banks Haul in Huge Profits in 2024

How lenders managed to rake in more than investors expected in a year when interest rates started falling and Donald Trump was elected president.

The Wall Street Journal 19 hours ago

C

JPM

BAC
Bank of America Beats Fourth-Quarter Views as Investment Banking Fees Surge 44%

Bank of America (BAC) reported stronger-than-expected growth in fourth-quarter results as investment

PREMIUM
MT Newswires 21 hours ago

BAC
Bank of America Crushes Q4 Earnings -- Investment Banking Fees Skyrocket 44%

Record-Breaking Growth Positions BofA for a Massive 2025 Run

GuruFocus.com 22 hours ago

BAC
Bank of America's Q4 Earnings Beat on Robust IB & Trading, Higher NII

A robust IB & trading performance, NII growth and higher loan balance aid BAC's Q4 earnings, while the rise in adjusted expenses and provisions act as spoilsports.

Zacks 22 hours ago

BAC
BofA Investment Bankers Boost Earnings as Loan Income Rises

(Bloomberg) -- Bank of America Corp. posted fourth-quarter profit that topped analysts’ estimates as investment-banking fees hit the highest in three years and net interest income outperformed forecasts. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyChicago Agency Pitches $1.5 Billion Plan to Fix Transit WoesWill Americans Ever Lose Their Taste for Telework?Churches, Cinemas — and Moon Artifacts — Top List of Endangered MonumentsAs E-Bikes Boom in NYC, Some Ca

Bloomberg 22 hours ago

BAC
Bank of America (BAC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

While the top- and bottom-line numbers for Bank of America (BAC) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks 23 hours ago

BAC
Trending tickers: TMC, Tesla, Bank of America, Taylor Wimpey

Big banks, house builders and AI stocks were among the top movers on Thursday.

Yahoo Finance UK yesterday

TSM

TSMWF

BAC
Bank of America (BAC) Q4 Earnings and Revenues Surpass Estimates

Bank of America (BAC) delivered earnings and revenue surprises of 6.49% and 0.88%, respectively, for the quarter ended December 2024. Do the numbers hold clues to what lies ahead for the stock?

Zacks yesterday

BAC

Performance Overview

Return	BAC-PE	S&P 500
YTD	+1.76%	+0.51%
1-Year	+11.57%	+24.11%
3-Year	+14.43%	+27.33%

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Bank of America Corporation (BAC-PE)

'This is just the beginning' for bank profit growth: CFRA analyst

Retail sales, Big Bank earnings, Bessent hearing: 3 Things

Here’s how L.A. homeowners impacted by the wildfires can request mortgage relief

Bank of America Corp (BAC) Q4 2024 Earnings Call Highlights: Strong Financial Performance Amid ...

Bonds That Once Haunted Banks Are Now Juicing Profits

These Stocks Moved the Most Today: TSMC, Bank of America, Morgan Stanley, UnitedHealth, Symbotic, D-Wave Quantum, and More

Bank Of America, Morgan Stanley Trade Near Buy Points After Q4 Beats

Bank of America (BAC) Q4 2024 Earnings Call Transcript

BofA Floats Third Year of 20% S&P Gains in Market Surprises List

Fixed-Income Investors Wrestle With Higher Yields Ahead of Inauguration

Is Bank of America (BAC) the Best Bank Stock to Buy in 2025?

Merrill Lynch Brings More Wealthy Clients to Its Fee-Based Advisory Program

Four Things That Helped Banks Haul in Huge Profits in 2024

Bank of America Beats Fourth-Quarter Views as Investment Banking Fees Surge 44%

Bank of America Crushes Q4 Earnings -- Investment Banking Fees Skyrocket 44%

Bank of America's Q4 Earnings Beat on Robust IB & Trading, Higher NII

BofA Investment Bankers Boost Earnings as Loan Income Rises

Bank of America (BAC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Trending tickers: TMC, Tesla, Bank of America, Taylor Wimpey

Bank of America (BAC) Q4 Earnings and Revenues Surpass Estimates

Performance Overview