Nomura Reiterates Bullish View on Bank of America (BAC) Following Strong Q3
- Stocks and yen struggle as tech troubles weigh
- Meta Platforms reports softer Q2 revenue guidance on plans to boost spending on AI
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen hits fresh 34-year lows against dollar ahead of BOJ meeting
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Hasbro (HAS) brand strength sees earnings top expectations
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Jefferies Remains Bullish on Bank of America (BAC) Following 3Q Report
October 18, 2016 8:43 AM EDTJefferies reiterated a Buy rating and $19.00 price target on Bank of America (NYSE: BAC) following the company's 3Q earnings report. Fees were up 3% Y-Y on better IB, trading, service charges, and "other," flipping three quarters of negative comps.
Analyst Ken Usdin commented,... More
Bank of America (BAC) Posts Q3 EPS of $0.41
October 17, 2016 6:46 AM EDTBank of America (NYSE: BAC) reported Q3 EPS of $0.41, which may not compare with the analyst estimate of $0.33. Revenue was $21.6 billion, versus $20.9 billion expected.
For earnings history and earnings-related data on Bank of America (BAC) click here.
... More