The bank hasn't repurchased shares in either of its last two quarters.
Prices continue to soar as September inflation data came in higher than expected earlier this week
Cramer on Monday explained why he believes the stock is a buy.
The bank beat Wall Street expectations on earnings and revenue in its third quarter, though its profit was hurt by its decision to boost its loan loss reserves.
"The banks could never pull it off because the Fed kept rates so low that it was hard for them to make money. Now that's over," he said.

Why Zelle moves twice as much money as Venmo

05:40pm, Monday, 17'th Oct 2022 MarketWatch
Zelle may not have its own clothing line or suggest emojis when you pay your friend, but the peer-to-peer payment service is moving serious money, and that seems to be raising eyebrows these days.
Bank of America Corp (NYSE: BAC) was out Monday with its current asset quality ratings. While net charge-offs are still "low and stable," the bank is closely monitoring early credit card delinquencies
On Oct. 4, Wells Fargo & Co. (NYSE: WFC) analyst Michael Blum initiated coverage of Archaea Energy Inc. (NYSE: LFG) with an Overweight rating and a price target of $25 per share. About two weeks later
Wells Fargo's Mike Mayo joins 'Closing Bell' to discuss increased EPS estimates for Bank of America, the parallel between higher interest rates and the strength of deposit relationships, and market co

Morgan Stanley evaluating job cuts, CEO says

03:49pm, Monday, 17'th Oct 2022 MarketWatch
Head count grows at Morgan Stanley and most other other banks but job reductions could be on the table as banks view 2023 landscape.
Earnings have revealed a divide between lenders on deposit pressures, though maybe not as much as the market thinks.

BofA (BAC) Q3 Earnings Beat on Solid NII, Provisions & IB Ail

01:48pm, Monday, 17'th Oct 2022 Zacks Investment Research
Higher rates, solid loan demand and impressive trading business performance support BofA's (BAC) Q3 earnings amid dismal IB performance and higher provisions on worsening macroeconomic outlook.

Company News for Oct 17, 2022

01:38pm, Monday, 17'th Oct 2022 Zacks Investment Research
Companies in The News Are: JPM,UNH,C,WFC

JPMorgan, Citigroup, Wells Fargo and MS are part of Zacks Earnings Preview

12:45pm, Monday, 17'th Oct 2022 Zacks Investment Research
JPMorgan, Citigroup, Wells Fargo and MS are part of Zacks Earnings Preview.

Microsoft To $320? Plus Stifel Slashes PT On IBM

12:40pm, Monday, 17'th Oct 2022 Benzinga
Mizuho cut the price target on Microsoft Corporation (NASDAQ: MSFT) from $340 to $320. Mizuho analyst Gregg Moskowitz maintained a Buy rating on the stock. Microsoft shares rose 1.4% to $231.83 in p
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE