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Zacks News
Headquartered in Charlotte, NC, Bank of America Corporation (incorporated in 1874) is one of the largest financial holding companies in the United States. With total assets worth $2.74 trillion as of Jun 30, 2020, it provides a diverse range of banking and non-banking financial services and products.
The Bank of New York Mellon Corporation (BK) Surpasses Q2 Earnings and Revenue Estimates
by Zacks Equity Research
The Bank of New York Mellon (BK) delivered earnings and revenue surprises of 5.59% and 1.25%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
Analysts Estimate BankUnited, Inc. (BKU) to Report a Decline in Earnings: What to Look Out for
by Zacks Equity Research
BankUnited (BKU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Should You Buy JPM, C & Other Big Bank Stocks Before Q2 Earnings?
by Swayta Shah
The Q2 earnings outlook for JPM, C, BAC and WFC has been improving lately as underlying business trends have improved. Should investors buy these big bank stocks now or wait for a better entry point?
Unveiling Bank of America (BAC) Q2 Outlook: Wall Street Estimates for Key Metrics
by Zacks Equity Research
Beyond analysts' top -and-bottom-line estimates for Bank of America (BAC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.
Here is What to Know Beyond Why Bank of America Corporation (BAC) is a Trending Stock
by Zacks Equity Research
Bank of America (BAC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Is Bank of America (BAC) Stock a Buy Before Q2 Earnings?
by Swayta Shah
High rates, impressive IB and trading businesses and modest loan demand are likely to have aided Bank of America's (BAC) Q2 earnings. But rising provisions and expenses might have been headwinds. Should investors buy the BAC stock now or wait for a better entry point?
Should You Invest in the Invesco S&P 500 Equal Weight Financials ETF (RSPF)?
by Zacks Equity Research
Sector ETF report for RSPF
How Will Bank ETFs Perform in Light of Q2 Earnings?
by Sanghamitra Saha
Big banks will start releasing their quarterly numbers this week.
Bank of America (BAC) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
Bank of America (BAC) reachead $41.42 at the closing of the latest trading day, reflecting a +1.97% change compared to its last close.
Earnings Preview: Bank of America (BAC) Q2 Earnings Expected to Decline
by Zacks Equity Research
Bank of America (BAC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
June CPI Will Focus Trader Minds: Global Week Ahead
by John Blank
In the Global Week Ahead, Fed Chair Powell's testimony and June CPI data top the stock trader agenda. Starting on Friday, major U.S. banks report Q2 earnings.
The Zacks Analyst Blog Highlights Citigroup, JPMorgan & Chase and Bank of America
by Zacks Equity Research
Citigroup, JPMorgan & Chase and Bank of America are included in this Analyst Blog.
3 Bank Stocks to Keep an Eye On as They Hit a New 52-Week High
by Riya Anand
Stocks like Citigroup (C), JPMorgan (JPM) and Bank of America (BAC) are expected to maintain their momentum and keep scaling new highs.
Bank OZK (OZK) Announces a 2.6% Hike in Quarterly Dividend
by Zacks Equity Research
Bank OZK (OZK) raises its quarterly dividend by 2.6% to 40 cents per share. This marks the 56th consecutive quarter of a dividend hike.
PNC Financial (PNC) Announces a 3% Hike in Quarterly Dividend
by Zacks Equity Research
PNC Financial (PNC) announces a quarterly dividend hike of 3% following the Fed's stress test results. Its solid balance sheet and earnings strength are set to support the capital distribution moves.
5 S&P 500 Banks That Outperformed the Index in the First Half
by Swayta Shah
Investors remain bullish on bank stocks in the first half of 2024, driven by rate cut expectations, decent lending and modest economic growth. So, banks - Citigroup (C), Wells Fargo (WFC), JPMorgan (JPM), Bank of America (BAC) and BNY Mellon (BK) - outperform the S&P 500 index.
Jefferies (JEF) Q2 Results Show Rebound in IB: Others to Follow?
by Swayta Shah
Jefferies (JEF) Q2 results reflect a marked improvement in IB revenues. So, other banks - JPMorgan (JPM), Citigroup (C) and Bank of America (BAC) - will fare resoundingly well too.
BNY Mellon (BK) Intends to Hike Quarterly Dividend by 11.9%
by Zacks Equity Research
BNY Mellon (BK) plans to increase quarterly cash dividend by 11.9% to 47 cents per share following the 2024 stress test results, which reflect a robust and resilient balance sheet and capital position.
Goldman (GS) & Others Boost Payouts Following Stress Test
by Zacks Equity Research
U.S. banks, including Goldman (GS), JPMorgan (JPM) and Bank of America (BAC), Citigroup (C), Fifth Third Bancorp (FITB), among others, are lifting their payouts in the wake of stress test.
Top Stocks to Consider After Cooler PCE Data
by Shaun Pruitt
On Friday, Core PCE, the Fed's preferred inflationary measure optimistically reflected a 0.1% uptick in May compared to a 0.3% increase in April.
JPMorgan (JPM) & Others to Pay $46M to End Rate Swaps Trial
by Zacks Equity Research
Several major global banks, including JPMorgan (JPM), Goldman Sachs (GS) and BNP Paribas SA (BNPQY), agree to pay $46 million (in total) to settle the interest-rate swap case.
Jefferies (JEF) Hits 52-Week High on Q2 Earnings Beat, IB Fees Up
by Zacks Equity Research
The resurgence of IB business and solid trading performance support Jefferies' (JEF) fiscal Q2 results, leading to higher net revenues. A rise in operating expenses acts as an undermining factor.
Bank of America Corporation (BAC) is Attracting Investor Attention: Here is What You Should Know
by Zacks Equity Research
Zacks.com users have recently been watching Bank of America (BAC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Citi, BofA, Others Eye Swiss Expansion Post Credit Suisse Buyout
by Nikita Kataruka
After Credit Suisse's takeover by UBS, banks like BNP Paribas (BNPQY), Deutsche Bank (DB), Citi (C) and BofA (BAC) target Switzerland for business expansion.
Large Banks to be Conservative About Shareholder Payouts
by Swayta Shah
The 2024 stress test results are due this Wednesday. So, banks - JPMorgan (JPM), Goldman (GS), Morgan Stanley (MS), Bank of America (BAC) and Citizens Financial Group (CFG) - are in the spotlight.