Bank of America Corporation announced an 11% year-over-year increase in its fourth-quarter 2022 revenue, net of interest expense, to $24.5 billion, while generating net income for the period of $7.1
Investors are worried about earnings weakness in the financial sector.
With US stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Bank of America Corporation (NYSE: BAC) to post
Stephanie Link, chief investment strategist at Hightower Advisors, joins CNBC's 'Squawk Box' to discuss bank earnings, net interest income-sensitive companies, and consumer health in 2023.
The CNN Money Fear and Greed index moved to the "Greed" zone following the release of US inflation data. US stocks closed higher on Thursday after consumer price data showed inflation cooling in Decem
Bank of America Corp. reported fourth-quarter results that beat estimates on trading revenue and FICC trading revenue. Sonali Basak breaks down the numbers on Bloomberg Television.
Bank of America Corp BAC, +0.26% stock rose 0.3% in premarket trades Friday after the financial firm beat its earnings and revenue targets as it benefitted from higher interest rates on its loans. Ban
The lender's fourth-quarter profit rose to $7.1 billion, or 85 cents per share, beating analysts estimates of 77 cents.
Bank of America reported fourth-quarter results on Friday that topped expectations on the top and bottom lines.
Expectations are running high that Bank of America will post gains in interest income thanks to higher rates and loan growth in the fourth quarter.
U.S. stock index futures were muted on Friday ahead of results from big U.S. banks that will kick off the quarterly earnings season and provide more clues on the strength of corporate America.
U.S. stock futures were little changed on Friday, as investors await the first batch of big fourth-quarter earnings that will include reports from JPMorgan Chase & Co. and Bank of America Corp.
In my view, substantial buybacks are the only reason to own any bank. With strong buybacks, BAC stock would be a Buy for those who don't already own it.
U.S. stocks end higher Thursday, with the Nasdaq Composite notching its longest win streak since July, after consumer-price index data showed inflation slowed again last month, but not by a wide enoug
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