|Bid||29.15 x 22700|
|Ask||29.16 x 5700|
|Day's Range||28.74 - 29.18|
|52 Week Range||21.77 - 29.50|
|PE Ratio (TTM)||16.67|
|Earnings Date||Jan 11, 2018 - Jan 15, 2018|
|Forward Dividend & Yield||0.48 (1.66%)|
|1y Target Est||29.32|
Before 2015, Bank of America’s (BAC) valuation was low, due to narrower margins and slower expansion by some divisions. However, the bank’s geographical and division-wise performance has improved over ...
Commercial banks (XLF) will likely see subdued credit offtake in the United States due to interest rate hikes and tax rate cuts allowing for higher operating cash flow. However, economies are buoyant,…...
Jim Cramer explained the "stupid" market action after the Federal Reserve's Wednesday meeting and pinpointed a handful of buying opportunities.
Bank of America’s (BAC) consumer banking net income grew by 15% in 3Q17 to $2.1 billion, thanks to high operating leverage, interest rates, and a marginal rise in credit offtake. Economic…
As the Fed has targeted rate hikes in recent quarters, banks have benefited from higher spreads. Further rate hikes could garner similar benefits in 2018, although liquidity and slower credit…
US commercial banks (XLF) operated at near-zero rates after the 2007 financial crisis up until 4Q15. The Fed has raised rates since then and increased the frequency of rate hikes since 4Q16.…
As of September 30, 2017, Bank of America (BAC) managed $2.7 trillion in asset management products. The bank’s managed assets have risen 7% YoY (year-over-year) in 3Q17 due to new flow and broad…
Over the last two quarters, trading activity has fallen for commercial and investment banks (XLF) due to the placement of funds by institutions in debt-related offerings and no major corrections. Low…
In this series, we’ll study Bank of America’s performance, future investments, divisions, yields, expected growth, valuation, dividends, and analyst ratings.
NEW YORK, NY / ACCESSWIRE / December 13, 2017 / Bank of America soared to a new high yesterday despite a catalyst while shares of Citigroup also saw a modest bump in share price after revealing a new beta ...
Investing.com - The price of the digital currency bitcoin remained lower on Sunday, but was off the lowest levels of the day as investors awaited the launch of trading of the first U.S. bitcoin futures later in the day.
Investors' optimism on expectations of improved earnings performance on the back of lower taxes has driven banking stocks higher.
Stocks are up, and a major Bitcoin ETF looks poised to hold last week's tremendous gains. Apple is presenting a potential follow-on buy point.
Critics of the Republican-sponsored plan say companies will use the windfall to reward investors with share buybacks and dividends.
Goldman Sachs (GS) confirmed on Thursday that it will clear Bitcoin futures for certain clients once trading goes live on the Chicago Board Options Exchange this Sunday. Other banks, including Bank of America (BAC) and Citigroup (C), are not expected to clear futures right off the bat, the Wall Street Journal reported. Goldman released the following statement: “As a leading FCM [Futures Commission Merchant], we are committed to providing clearing services to our clients across all major futures exchanges and contracts.
Home Depot approved a $15 billion share buyback and set a new long-term sales target, following similar repurchase programs from Bank of America and Mastercard.