BofA earnings beat tempered by concern about weak oil prices
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Go back to BofA earnings beat tempered by concern about weak oil prices
January 20, 2016 9:06 AM EST
UBS maintained a Buy rating on Bank of America (NYSE: BAC), and cut the price target to $18.00 (from $20.00), as shares underperform following 4Q earnings. UBS says that the weakness is due to concerns around the company's energy exposure, specifically its "higher risk" subsectors. Management remains confident that core expenses will run just under $13 billion per quarter in a... More
January 20, 2016 7:05 AM EST
FBR Capital reiterated an Outperform rating and $20.00 price target on Bank of America (NYSE: BAC) following the company's 4Q earnings report. BAC's results were weighed on by U.K. tax charges, FAS 91, and ongoing litigation costs. Reported GAAP EPS of $0.28 and estimated... More
January 19, 2016 1:07 PM EST
Bank of America (NYSE: BAC) opened higher this morning after posting a bottom-line beat in the fourth quarter. However, it has been all downhill since amid worries about oil-related losses at the bank.
The highlight for the quarter was EPS of $0.28, versus the consensus of $0.27. EPS adjusted for specials including charge on TruPS redemption, negative impact of UK tax law changes, FAS91, DVA, etc., was EPS closer to $0.33... More
