Wells Fargo on Bank of America (BAC): 'A turn in NII should lead to positive operating leverage...'

Bank of America (BAC) PT Raised to $44 at Morgan Stanley

Morgan Stanley analyst Betsy Graseck raised the price target on Bank of America (NYSE: BAC) to $44.00 (from $41.00) while maintaining a Overweight rating.... More

Bank of America (BAC) PT Raised to $37 at BMO Capital

BMO Capital analyst James Fotheringham raised the price target on Bank of America (NYSE: BAC) to $37.00 (from $36.00) while maintaining a Market Perform rating.

The analyst comments "Following BAC's 1Q24 top-line beat, we raise estimates by +3%; higher than previously modeled non-interest income (ECM, advisory,... More

Bank of America (BAC) PT Raised to $38 at Baird

(Updated - April 17, 2024 6:53 AM EDT)

Baird analyst David George raised the price target on Bank of America (NYSE: BAC) to $38.00 (from $35.00) while maintaining a Neutral rating.

The analyst commented: " PPNR trends in-line, outlook strong but credit trends weaker. BAC reported core... More

Bank of America (BAC) PT Lowered to $45 at Oppenheimer

Oppenheimer analyst Chris Kotowski lowered the price target on Bank of America (NYSE: BAC) to $45.00 (from $46.00) while maintaining a Outperform rating.... More

Popular stocks with increasing volume: BAC MU MS JPM UNH SOFI COIN NIO INTC

Popular stocks with increasing volume: BAC MU MS JPM UNH SOFI COIN NIO INTC

Midday movers: Morgan Stanley, UnitedHealth rise; Tesla falls

(Updated - April 16, 2024 11:32 AM EDT)

Investing.com -- Main U.S. indexes were mixed Tuesday, as investors digested a cocktail of elevated Middle East tensions, rising bond yields and quarterly corporate earnings.

Here are some of the biggest U.S. stock movers today:

Johnson & Johnson (NYSE: JNJ) stock fell 2% after the healthcare giant reported disappointing first-quarter revenue numbers as sales from its blockbuster psoriasis drug Stelara fell short of expectations.

Morgan Stanley (NYSE: MS) stock rose 4% after the banking... More

Bank of America (BAC) Expects Second Quarter NII To Approach $14 Billion - CFO

Bank of America (NYSE: BAC) Expects Second Quarter NII To Approach $14 Billion - CFO

Morgan Stanley, UnitedHealth and Bank of America rise premarket; Tesla falls

Investing.com -- U.S. futures traded in a mixed fashion Tuesday, as investors digested a cocktail of elevated Middle East tensions, rising bond yields and quarterly corporate earnings.

Here are some of the biggest premarket U.S. stock movers today:

Johnson & Johnson (NYSE: JNJ) stock fell 0.2% after the healthcare giant reported disappointing first-quarter revenue numbers as sales from its blockbuster psoriasis drug Stelara fell short of expectations.

Bank of America meets earnings estimates, beats revenue expectations in Q1 2024

Shares of Bank of America (NYSE: BAC) reported earnings and revenue results for the fiscal Q1 2024 earnings that exceeded Wall Street estimates.

The bank shares fell slightly by 0.6% in premarket trading Tuesday.

BofA reported quarterly earnings per share (EPS) of $0.83, beating the... More

Bank of America profit hurt by losses on credit cards, office loans

By Saeed Azhar and Mehnaz Yasmin

NEW YORK (Reuters) -Bank of America shares on Tuesday fell more than 3% after its first-quarter profits shrank and the bank set aside more money to cover souring loans from consumers whose finances are worsening.

U.S. lenders have cited resilient household finances as evidence that the economy remains on a solid footing, but cracks are starting to show for the lowest-income consumers. While their spending remains robust despite rising borrowing costs, higher prices and shrinking savings, banks are preparing for more Americans to miss payments.

"The market has... More

Bank of America (BAC) Tops Q1 EPS by $0.07, Beats on Revenue

(Updated - April 16, 2024 6:48 AM EDT)

Bank of America (NYSE: BAC) reported Q1 EPS of $0.83, above the analyst estimate of $0.76. Revenue for the quarter came in at $25.8 billion versus the consensus estimate of $25.49 billion.

For earnings history and earnings-related data on Bank of America (BAC) click here.

Quarterly corporate earnings, Chinese growth, UK wages - what's moving markets

Investing.com -- The quarterly corporate earnings season continues Tuesday, with Bank of America and Morgan Stanley the latest of the country's major banks to report. Elsewhere, China's growth exceeded expectations, while U.K. wage growth showed signs of stabilizing. 

The first quarter earnings season will continue Tuesday, with the U.S. banking sector remaining in focus as Bank of America (NYSE:... More

Bank of America (BAC) April option implied volatility into quarter results

Bank of America (NYSE: BAC) April call option implied volatility is at 48, May is at 27; compared to its 52-week range of 20 to 37 into the expected release of quarter results before the bell on April 16.

U.S. earnings seasons begins: What to expect

The American earnings season kicked off last Friday (12), with the release of financial indicators from major financial institutions such as JPMorgan Chase & Co (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), Citigroup Inc (NYSE: C), and BlackRock (NYSE: BLK). In the week of April 15 to 19, other prominent names will report data, including... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Q1 earnings season kicks off

On Friday, stocks on Wall Street retreated as concerns over inflation and geopolitical tensions weighed and a broader decline in banking stocks weighed on investor sentiment.

The Dow Jones Industrial Average fell by 475.84 points, or 1.24%, ending the day at 37,983.24. The S&P 500 saw a decrease of 1.46%, closing at 5,123.41, while the Nasdaq Composite declined by 1.62%, finishing at 16,175.09. During the session, the Dow momentarily dipped by nearly 582 points, indicating a 1.51% loss, and the S&P 500 had slid by as much as 1.75%.

On a weekly basis, the S&P 500 was down by 1.56%, the Dow dropped by 2.37%, and the Nasdaq... More