|Bid||30.05 x 28000|
|Ask||30.06 x 900|
|Day's Range||29.82 - 30.16|
|52 Week Range||22.66 - 31.91|
|Beta (3Y Monthly)||1.54|
|PE Ratio (TTM)||11.52|
|Earnings Date||Jul 17, 2019|
|Forward Dividend & Yield||0.60 (2.17%)|
|1y Target Est||33.33|
A new study by Merrill conducted in partnership with Age Wave finds that financial independence defines adulthood today (75 percent) – more so than the traditional milestones of employment (61 percent), homeownership (30 percent) or starting a family (20 percent). The study also found that despite unique financial challenges, today’s women are progressing through early adulthood faster and more successfully than men. The study revealed that one in four early adults with a retirement account have already made an early withdrawal, primarily to pay off credit card or student loan debt.
J.P. Morgan made $9.2 billion in the first three months of the year. Bank of America said that it generated $7.3 billion. More than anything else that banks do, investors value net interest income, or the revenue that banks garner from collecting loan payments, minus the interest it pays to depositors.
Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Asset quality Bank of America’s (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter. The net
Executives cited a good start to April and the expectation of several large initial public offerings in coming months to offer hope after a rough start to 2019 for their capital-markets businesses. The five largest Wall Street firms’ trading and investment banking revenue both fell in back-to-back quarters, the first time that’s happened in more than six years. "After a slow start, momentum and confidence picked up," Morgan Stanley Chief Financial Officer Jon Pruzan told investors Wednesday.
Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Revenues missed the estimate Bank of America (BAC) posted total revenues, net of the interest expense, of $23.0 billion. The revenues were roughly flat compared to
“The stock should remain a core holding,” Ken Usdin of Jeffries says, but now isn’t the time to invest new money in the name, saying there is “not enough upside.”
Amid slump in investment banking and trading, Morgan Stanley's (MS) Q1 earnings beat estimates driven by loan growth and lower expenses.
Why Bank of America’s Q1 Results Didn't Lift Its StockWhat restricted the upside in stock? On April 16, Bank of America (BAC) announced mixed first-quarter results. The YoY (year-over-year) improvement in the net interest due to continued growth in
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes? Let's find out.
Announcement: Moody's Fully Supported Municipal& IRB Deals. Global Credit Research- 16 Apr 2019. New York, April 16, 2019-- ASSIGNMENTS:.
Another day of lethargy and uncertainty, with the S&P 500 essentially breaking even on Tuesday. Volume wasn't wild, but it was above the recent average, suggesting some traders are sneaking out of trades while things are quiet.Source: Allan Ajifo via Wikimedia (Modified)There were still major movers though. Netflix (NASDAQ:NFLX) was one of them, up a little more than 3% headed into its earnings report. Last quarter's results were good, but its outlook was lackluster. However, NFLX stock held onto most of its regular-hours gains during the after-hours session.At the other end of the spectrum, Tenet Healthcare (NYSE:THC) led a herd of healthcare plan stocks lower, giving up more than 11% of its value on a combination of profit-taking and worries about the future of healthcare with either party in the White House.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 S&P 500 Stocks to Weather the Earnings Storm Neither are compelling prospects headed into today's session though. Rather, it's the stock charts of Western Digital (NASDAQ:WDC), UnitedHealth Group (NYSE:UNH) and Bank of America (NYSE:BAC) that merit the closest looks. Here's what to look for. Bank of America (BAC)Bank of America is a name we've taken several looks at in recent weeks, as it continues to chip away at a technical ceiling. As of our last look on the last day of February, it hadn't happened yet, but BAC was once again close to clearing resistance at $29.75.That's happened in the meantime, but BofA isn't over its final hump just yet. The shape of Tuesday's bar, however, is subtly bullish in that it implies the bears can't keep BAC stock down, and the bulls are willing to buy en masse on big dips. Click to Enlarge * Notice on the daily chart how yesterday's open fairly deep in the red was almost entirely wiped away by the day's end. * Also notice on the daily chart that the bulls poured in on Friday and Tuesday. While no major progress was made, the market tipped its hand. * The key, of course, is still clearing the new technical ceiling at $30.17, where BAC stock has peaked twice since mid-March. UnitedHealth Group (UNH)UnitedHealth Group might ring a bell. We've warned several times that the stock was rocking its way into trouble, and the resistance found at key moving average lines late last month only exacerbated the risks.The worst-case scenario has been realized in the meantime. That is, the last bastion of technical support has been obliterated … and in the worst way possible. The shape of Tuesday's bar opens the door to the possibility of a rebound, but if that effort crumbles, there's little left that will be able to prop UNH stock up. * 10 Dividend Growth Stocks You Can't Miss Click to Enlarge * On Friday, UnitedHealth shares fell under what would have ideally been a floor that tagged the December and March lows. It looked like the bulls would draw a line in the sand there, but they clearly didn't. * Yesterday was a bearish day, albeit not the worst kind. The worst kind would have happened after a prolonged rally. * The volume spike that accompanied yesterday's setback often indicates a capitulation, where the last of the sellers are flushed out and the first of the bargain hunters flood in. It could take a few days to determine if that's the way things are going to pan out though. Getting back above that technical floor will be the key. Western Digital (WDC)In late February, we pointed out Western Digital shares were acting like they were in recovery mode. Although the effort may have only been to close a gap, that action had the potential to put a bigger recovery move into place.That's exactly how things have taken shape in the meantime. While the bulls and the bears have continued to grapple even after closing the gap, yesterday's big gain may have dealt a decisive blow to the bearish pressure. It also pushed WDC stock above a key technical hurdle. Click to Enlarge * Although the gap has been closed, the rally didn't follow through straight-away. But, the slide back to the 50-day moving average line (highlighted) and push up and off of it may actually lay the better foundation. * The big win on Tuesday was the break above the white 200-day moving average line at $53.16. This is the first time Western Digital has been above it since the middle of 2018. * Zooming out to the weekly chart, it's easy to see WDC stock is no stranger to major moves once the 200-day moving average line is crossed.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 3 Big Stock Charts for Wednesday: Western Digital, UnitedHealth Group and Bank of America appeared first on InvestorPlace.
The bank started working with clients this month to help them with potential sales of corporate bonds denominated in the local currency, according to Eduardo Alcalay, Bank of America’s chief executive officer for Brazil. The securities will only be offered to professional investors, he said.
Investing.com - Shares in Morgan Stanley (NYSE:MS) rose to their highest level in seven months after the bank appeared to navigate volatility in global markets in the first quarter slightly better than the market had expected.
At JPMorgan Chase and Bank of America, bank deposits and loans grew and lending margins widened. Retail net interest income rose 11 per cent at Chase and 10 per cent at BofA, to $9.4bn and $7.1bn, respectively. “Look at the banks’ different businesses — corporate and investment banking is not a source of growth, and asset management is not [either].
State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said. The offering will be led by the investment banking units of JPMorgan Chase & Co and Citigroup Inc, along with the investment banks owned by Itau Unibanco Holding SA , Banco Bradesco SA, Bank of America Corp , Credit Suisse Group AG, Banco do Brasil SA , Banco Santander Brasil SA and HSBC Holdings Plc.
U.S. stocks ended slightly higher on Tuesday, with the S&P 500 inching closer to its all-time high following a string of mostly positive earnings, while a drop in healthcare shares limited the advance. ...
Bank of America reported mixed Q1 results and predicted a slowdown in net interest income, likely hitting its fastest-growing consumer banking unit.
Stocks were up modestly as the trend for the broader market remains higher. When we do encounter selling pressure, it's generally light and there's not much follow through, as the market goes through a series of rallies and pauses with heavy sector rotation taking place. That makes for an interesting dynamic as we sort for top stock trades to watch as the market tiptoes higher into earnings season. Top Stock Trades for Tomorrow 1: Bank of AmericaWe've heard from JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and others as the banks continue to release their quarterly results. On Tuesday, it was Bank of America's (NYSE:BAC) turn.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter beating on earnings but missing on revenue expectations, the bank initially went lower on Tuesday. However, bulls pushed the name back up, with shares slightly positive on Tuesday. * 7 Stocks That Can Outperform for Years The move kept BAC stock over range resistance near $29.50 and sets up an important test with $30. Over that and BAC can really get some legs. BofA could be better, but so far holding over resistance and the 20-day moving average is definitely encouraging for bulls.Below these two levels though and bulls may want to let BAC reset. Top Stock Trades for Tomorrow 2: Morgan StanleyMorgan Stanley (NYSE:MS) will soon be in the spotlight, as the stock reports earnings Wednesday morning. Up about 2% on Tuesday going into the report and one does become worried with a sell-the-news event.However, MS stock has been one of the stronger banks as of late and if that momentum continues, it could carry the stock through $47 resistance.If it gets through resistance, look for a potential run toward $50. If resistance holds, a decline down into the $45 level and 200-day moving average is likely. Top Stock Trades for Tomorrow 3: The Trade DeskThe Trade Desk (NASDAQ:TTD) has been rather resilient over the past few trading sessions, and shares are now breaking out of the wedge pattern we pointed out earlier in the week.What a great setup TTD has become. Bulls can use $210 and $215 as their upside targets. Below the 20-day would warrant some attention.TTD was one of our favorite mid-cap growth stocks (along with six others) last month, and still is. Top Stock Trades for Tomorrow 4: TwilioShares of Twilio (NYSE:TWLO) are trading great on Tuesday, breaking out of a very nice wedge on Tuesday. The action isn't unlike what we see in TTD. Over the 20-day, 50-day and now short-term downtrend resistance, TWLO has the potential to run.$133 to $135 would be my first target.There's a reason we were hoping for a big pullback in TWLO stock. Top Stock Trades for Tomorrow 5: Realty IncomeBoy, the REITs are paying the price today, with the whole group under pressure. Of course, long-term bulls won't fret the decline given how much the group is up. Still, names like Realty Income (NYSE:O) have been taking it on the chin.The stock is quickly below the 20-day and 50-day moving average and I don't know if the selling is over, with shares $4.50 off the recent highs. Channel support near $68 could give O a bounce, but if it finds the 50-day or the now-declining 20-day moving average to be resistance, this one could have more selling in its future. * 5 Stocks to Profit From (Legal) Insider Buying Signals It hit channel resistance and promptly pulled back, while the 20-day and 50-day have failed as support in the past. See how it handles channel support and $68. Below causes some concern. Is it time to take profits?Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long O. Compare Brokers The post 5 Top Stock Trades for Wednesday: BAC, MS, O appeared first on InvestorPlace.
Tuesday's earnings report was another chapter in Bank of America Corp.'s recent success story. BofA had another record quarter and logged its 17th consecutive quarter of positive operating leverage.