Previous Close | 34.68 |
Open | 34.89 |
Bid | 35.63 x 900 |
Ask | 35.64 x 3100 |
Day's Range | 34.75 - 35.68 |
52 Week Range | 24.96 - 38.35 |
Volume | |
Avg. Volume | 40,192,611 |
Market Cap | 280.061B |
Beta (5Y Monthly) | 1.39 |
PE Ratio (TTM) | 12.28 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.96 (2.77%) |
Ex-Dividend Date | Feb 29, 2024 |
1y Target Est | N/A |
Big bank bosses are not hiding their enthusiasm about Wall Street as first quarter jumps in investment banking spur new hopes for a sustained dealmaking revival.
Bank of America (BAC) and Morgan Stanley (MS) were the latest Big Bank stocks to report first-quarter earnings on Tuesday. Both topped earnings and revenue estimates, a trend consistent for major financial players who have reported earnings so far. Hennessy Funds Portfolio Manager David Ellison joins Market Domination to discuss the biggest boons and challenges for the banking sector. "I think the boogeyman or the real new issue is what's going to happen to the deposit side," Ellison explains. "Since the Silicon Valley-First Republic issues of a year or so ago, the deposit side has really been exposed as a risk factor for the industry that we've never had. So you see most of these large banks losing non-interest bearing deposits to the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
Bank of America Corporation (NYSE:BAC) Q1 2024 Earnings Call Transcript April 16, 2024 Operator: Good day everyone and welcome to the Bank of America earnings announcement. At this time, all participants are in a listen-only mode. Later you will have the opportunity to ask questions during the question and answer session. You may register to […]