Bank of America (BAC) Beats in Q4, But Discount to TBV Increases as Oil Exposure Eyed

UBS Says Bank of America (BAC) Weakness is Due to Energy Exposure Concerns - Cuts PT to $18

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

FBR Capital Remains Bullish as Bank of America's (BAC) 4Q was Weighted by U.K. Tax Charges

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

BofA earnings beat tempered by concern about weak oil prices

January 19, 2016 7:08 AM EST

By Sweta Singh

(Reuters) - Bank of America Corp (NYSE: BAC) joined other lenders in expressing concern about weak oil prices after the No. 2 U.S. bank by assets reported better-than-expected quarterly earnings, helped by a drop in costs and revenue rises in most of its businesses.

U.S. banks, like their global counterparts, have had a rough year as falling oil prices and worries about slowing growth in China contributed to weakness in credit markets, pressuring revenue growth. The new year also started on a grim note as oil prices fell below $30... More

Bank of America (BAC) Tops Q4 EPS by 2c

January 19, 2016 6:50 AM EST

Bank of America (NYSE: BAC) reported Q4 EPS of $0.28, $0.02 better than the analyst estimate of $0.26. Revenue for the quarter came in at $19.76 billion versus the consensus estimate of $19.86 billion.

Highlights:

Revenue, net of interest expense, (FTE basis) up 4% to $19.8B(A)Net interest... More