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Bank of America Corporation (BAC-PL)

1,262.00

+3.00

(+0.24%)

As of 10:03 AM EDT. Market Open.

Bank earnings, Nvidia record high, oil prices sink: 3 Things

US stock futures (ES=F, NQ=F, YM=F) are flat Tuesday morning coming off the Dow Jones Industrial Average (^DJI) and S&P 500's (^GSPC) record highs. Top earnings this morning include major banks Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C), as well as health giants Johnson & Johnson (JNJ), UnitedHealth Group (UNH), and Walgreens Boots Alliance (WBA). Semiconductor titan Nvidia (NVDA) saw its stock run up to a record high in Monday's session, now dipping in pre-market on Bloomberg reports that the Biden administration could cap AI chip sales to select countries. Lastly, crude oil prices (CL=F, BZ=F) slump lower on news that Israel will not target Iran's production operations as geopolitical conflicts escalate, according to the Washington Post. 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 1 hour ago

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What to expect from bank earnings: BofA, Citi, Goldman

HSBC head of US financials research Saul Martinez sits down with Julie Hyman and Josh Lipton on Market Domination to discuss what investors can expect from Big Bank earnings, with Citi (C), Bank of America(BAC), Goldman Sachs (GS), and Morgan Stanley (MS) set to report this week. “With all these banks, the question is: Do we see a trough in net interest income in the second half or in early 2025? And do we start to see growth again in net interest income next year? That's a critical question because if you do start to see net interest income growing, which is the biggest revenue component of banks, you start to get an outlook that allows banks to post positive operating leverage and improving EPS momentum and ROTC momentum,” Martinez tells Yahoo Finance. “In the case of Bank of America, especially tomorrow, that's a key driver. What they say about net interest income in the fourth quarter and into 2025, and whether they continue to see that improving in 2025 is going to be a really important determinant for how the share price reacts.” Given JPMorgan’s strong investment banking results reported last week, Martinez says he’s cautiously optimistic about Morgan Stanley and Goldman Sachs's upcoming reports. He explains, “We favor investment banks over traditional banks.” “We think the earnings revision cycle, which has been negative for a few years, is inflecting. We think [in] the wealth management business there’s some positive signs there in terms of net new fee-generating assets. But the investment banking side is a big piece of that as well. We think they are positively leveraged [for an] improving investment banking cycle. We still think we’re in the middle innings of that improvement, and that could last a couple of years.” Martinez names Goldman and Morgan Stanley as “primary beneficiaries.” Ahead of Citi’s quarterly results, Martinez says he’ll be watching for “dynamics that point to a better profitability outlook over the next couple of years,” especially given “there's a lot of stuff that is in their control expenses.” To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan.

Yahoo Finance Video 17 hours ago

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WFC

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Goldman Sachs, Bank of America Extend Breakouts On Earnings; Citigroup Eyes Buy Point

Goldman Sachs earnings easily beat, while Bank of America and Citigroup earnings also topped. Goldman and BofA are set to extend breakouts while Citi nears a buy point.

Investor's Business Daily 45 minutes ago

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Bank of America Q3 Earnings: Profit Drops 12% On Loan Loss Provisions, Investment Banking Fees Soar 18%

Bank of America Corp (NYSE:BAC) reported a third-quarter fiscal 2024 net income of $6.9 billion and EPS of $0.81, beating the analyst consensus estimate of $0.77. Net income fell 12% year-on-year due to higher provisions for loan losses and rising expenses. Revenue, net of interest expense, increased 1.0% year over year to $25.49 billion, beating the analyst consensus estimate of $25.29 billion. Also Read: JPMorgan Chase Q3 Earnings: Investment Banking Revenue Soars 29%, Largest Bank Raises Net

Benzinga 1 hour ago

BAC
Bank of America Reports Third Quarter 2024 Financial Results

Bank of America reported its third quarter 2024 financial results today. 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.

PR Newswire 2 hours ago

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Bank of America (BAC) Q3 Earnings and Revenues Top Estimates

Bank of America (BAC) delivered earnings and revenue surprises of 3.85% and 0.22%, respectively, for the quarter ended September 2024. Do the numbers hold clues to what lies ahead for the stock?

Zacks 2 hours ago

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Bank of America Joins Rivals in Topping Q3 Estimates

Bank of America reported third-quarter results above analysts' estimates Tuesday morning, as revenue rose year-over-year and profit fell by a smaller amount than expected.

Investopedia 3 hours ago

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Bank of America: Q3 Earnings Snapshot

CHARLOTTE, N.C. (AP) — Bank of America Corp. BAC) on Tuesday reported third-quarter profit of $6.9 billion. The bank, based in Charlotte, North Carolina, said it had earnings of 81 cents per share.

Associated Press Finance 3 hours ago

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BofA profit beats estimates on investment banking, trading strength

Bank of America's third-quarter profit dropped as it paid more to customers to hold onto their deposits but the earnings beat estimates, propelled by stronger investment banking and trading. Investment banking fees jumped 18% compared with a year ago to $1.4 billion as confidence among clients improved, spurring them to issue more debt and equity. "Our customers' deposit balances and asset quality are healthy, and we believe we have good opportunities to grow," Chief Financial Officer Alastair Borthwick told journalists.

Reuters 3 hours ago

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Trending tickers: Nvidia, LVMH, Goldman Sachs, Trump Media and Coinbase

The latest investor updates on stocks that are trending on Tuesday.

Yahoo Finance UK 4 hours ago

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Bank of America (NYSE:BAC) shareholders notch a 60% return over 1 year, yet earnings have been shrinking

If you want to compound wealth in the stock market, you can do so by buying an index fund. But if you pick the right...

Simply Wall St. yesterday

BAC
China stimulus, Boeing layoffs, new Nike CEO: 3 Things

US stock futures (ES=F, NQ=F, YM=F) are paying extra close attention to China's economic stimulus plan while companies like Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), and Netflix (NFLX) are due to report earnings. Boeing (BA) shares dip further in Monday's pre-market session after the aircraft manufacturer announced last Friday that it will cut 17,000 jobs, equal to 10% of its global workforce. The International Association of Machinists and Aerospace Workers' (IAM) ongoing strike has gone on for over a month. Former Nike (NKE) executive Elliott Hill will assume the mantle of CEO and president for the athletic apparel brand on Monday. 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 yesterday

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Bank of America Folds Fintech Investment Banking Team Into Tech

(Bloomberg) -- Bank of America Corp. has folded its fintech investment banking team into its technology practice, reflecting the industrywide shift in financial services toward software.Most Read from BloombergHow Mexico City Averted All-Out DroughtDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingInside the ‘Utopias’ of Mexico CityAs Brussels Booms, an Old Boogeyman Returns: BrusselizationThe lender is moving about 50

Bloomberg yesterday

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US and European stocks rise with earnings in focus

A deep dive into what moved markets across the global economy.

Yahoo Finance UK yesterday

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Does Warren Buffett Know Something Wall Street Doesn't? The Billionaire Legend Dumps $9.6 Billion of Key Holding While Buying $345 Million of His Favorite Stock.

The billionaire investor is making some curious moves.

Motley Fool 2 days ago

BAC
Berkshire Hathaway: Buy, Sell, or Hold?

The company's stock holdings have shifted -- in some cases rather dramatically.

Motley Fool 2 days ago

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AAPL

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Netflix earnings, retail rales data, Fedspeak: What to watch

As the week concludes, hosts Julie Hyman and Josh Lipton preview key events investors should monitor in the coming week. Columbus Day will be observed on Monday, when the bond market (^TYX, ^TNX, ^FVX) will be closed while the stock market remains open. The third quarter earnings season continues in full force, with Big Banks such as Morgan Stanley (MS), Citigroup (C), and Bank of America (BAC) scheduled to report. Industry giants including Netflix (NFLX), Johnson & Johnson (JNJ), UnitedHealth (UNH), and ASML Holding (ASML) will also unveil quarterly results. Thursday brings the release of September retail sales data, offering fresh insights into consumer behavior. Economists anticipate a 0.3% reading, an increase from August's 0.1%. The housing market will be in focus next Friday with the release of Homebuilder Confidence and Housing Starts & Building Permits data. Investors can expect more commentary from Federal Reserve officials, with Fed Governor Christopher Waller and Fed Governor Adriana Kugler slated to speak. Their remarks should provide additional insights into the central bank's monetary policy outlook. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith

Yahoo Finance Video 3 days ago

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Buffett Cuts Bank of America Stake Below 10%, Letting Him Trade in Secret

(Bloomberg) -- Warren Buffett can take his time to reveal trades in Bank of America Corp. stock now that his conglomerate’s stake has been trimmed below a 10% regulatory threshold requiring rapid disclosure.Most Read from BloombergThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms, an Old Boogeyman Returns: BrusselizationChicago Marathon to Honor Kenyan Who Died After His World RecordSan Franci

Bloomberg 3 days ago

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Stocks to watch next week: Netflix, LVMH, ASML, Rio Tinto and Goldman Sachs

Earnings preview of key companies reporting next week and what to look out for.

Yahoo Finance UK 3 days ago

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Why JPMorgan Chase, Bank of America, and Wells Fargo Are Trading Higher

JPMorgan Chase and Wells Fargo reported third-quarter earnings this morning.

Motley Fool 3 days ago

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Performance Overview

Return	BAC-PL	S&P 500
YTD	+9.50%	+22.83%
1-Year	+25.29%	+35.37%
3-Year	+3.05%	+32.00%

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Bank of America Corporation (BAC-PL)

Bank earnings, Nvidia record high, oil prices sink: 3 Things

What to expect from bank earnings: BofA, Citi, Goldman

Goldman Sachs, Bank of America Extend Breakouts On Earnings; Citigroup Eyes Buy Point

Bank of America Q3 Earnings: Profit Drops 12% On Loan Loss Provisions, Investment Banking Fees Soar 18%

Bank of America Reports Third Quarter 2024 Financial Results

Bank of America (BAC) Q3 Earnings and Revenues Top Estimates

Bank of America Joins Rivals in Topping Q3 Estimates

Bank of America: Q3 Earnings Snapshot

BofA profit beats estimates on investment banking, trading strength

Trending tickers: Nvidia, LVMH, Goldman Sachs, Trump Media and Coinbase

Bank of America (NYSE:BAC) shareholders notch a 60% return over 1 year, yet earnings have been shrinking

China stimulus, Boeing layoffs, new Nike CEO: 3 Things

Bank of America Folds Fintech Investment Banking Team Into Tech

US and European stocks rise with earnings in focus

Does Warren Buffett Know Something Wall Street Doesn't? The Billionaire Legend Dumps $9.6 Billion of Key Holding While Buying $345 Million of His Favorite Stock.

Berkshire Hathaway: Buy, Sell, or Hold?

Netflix earnings, retail rales data, Fedspeak: What to watch

Buffett Cuts Bank of America Stake Below 10%, Letting Him Trade in Secret

Stocks to watch next week: Netflix, LVMH, ASML, Rio Tinto and Goldman Sachs

Why JPMorgan Chase, Bank of America, and Wells Fargo Are Trading Higher

Performance Overview