SmarTrend Watching for Potential Rebound in Shares of Bank of America After 1.85% Loss
Comtex SmarTrend(R) - Wed Oct 21, 3:49PM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $15.90 to a high of $16.29. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $15.98 on volume of 64.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BAC: 15.90 (-0.30)
Look for Shares of Bank of America to Potentially Rebound after Yesterday's 1.85% Sell Off
Comtex SmarTrend(R) - Wed Oct 21, 3:48PM CDT
Bank of America (NYSE:BAC) traded in a range yesterday that spanned from a low of $15.90 to a high of $16.29. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $15.98 on volume of 64.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BAC: 15.90 (-0.30)
3 Takeaways from the Q3 Earnings Season
Sheraz Mian - Zacks Investment Research - Wed Oct 21, 3:13PM CDT
3 Takeaways from the Q3 Earnings Season
BAC: 15.90 (-0.30)
Northern Trust Q3 Earnings Lag Estimates; Revenues up Y/Y
Zacks Equity Research - Zacks Investment Research - Wed Oct 21, 2:35PM CDT
Impacted by elevated expenses, Northern Trust Corporation (NTRS) posted a negative earnings surprise of 1% in the third quarter of 2015. Earnings per share came in at 96 cents, missing the Zacks Consensus Estimate by a penny.
NTRS: 66.55 (-3.02), JPM: 62.06 (-0.46), BAC: 15.90 (-0.30), WFC: 53.12 (+0.04)
Price Collapse Means Hard Times for Alternative Oil Production
at The Street - Wed Oct 21, 2:30PM CDT
And this can have far-reaching implications; banks will feel the pain.
TSLA: 210.09 (-2.94), JPM: 62.06 (-0.46), C: 51.81 (-1.03), WFC: 53.12 (+0.04), BAC: 15.90 (-0.30)
Samsung Pay Is Finally Available For Verizon Customers
Madeleine Johnson - Zacks Investment Research - Wed Oct 21, 1:19PM CDT
Verizon customers have had to wait almost a month to use Samsung Pay since its launch.
T: 33.60 (-0.15), USB: 41.10 (-0.15), S: 4.34 (-0.02), C: 51.81 (-1.03), SYF: 32.46 (+0.12), BAC: 15.90 (-0.30), GOOGL: 671.80 (-8.20), TMUS: 40.22 (-0.48), AAPL: 113.76 (-0.01), VZ: 44.86 (-0.38), USM: 37.03 (-0.46)
Wells Fargo Will Soon Be the Nation’s Third-Biggest Bank by Assets, Overtaking Citigroup
John Maxfield, The Motley Fool - Motley Fool - Wed Oct 21, 10:20AM CDT
Data source: YCharts.com. Chart by author. The financial crisis was the best thing that ever happened to Wells Fargo . By steering clear of the most toxic types of subprime mortgages before the crisis, the California-based bank was able to...
GE: 28.85 (+0.07), C: 51.81 (-1.03), BAC: 15.90 (-0.30), WFC: 53.12 (+0.04)
Accenture, Partnership Fund for NYC and Leading Banks Call for Applicants for New York FinTech Innovation Lab 2016
M2 - Wed Oct 21, 8:22AM CDT
Applications are now being accepted for New York's sixth annual FinTech Innovation Lab, a 12-week program co-founded by Accenture (NYSE: ACN) and the Partnership Fund for New York City that helps early- and growth-stage financial technology (fintech) companies accelerate product and business development by gaining exposure to top bank and venture capital executives. Applications are available at www.fintechinnovationlab.com and are due by Dec. 3.
AXP: 76.51 (-0.44), ALLY: 20.21 (-0.09), C: 51.81 (-1.03), WFC: 53.12 (+0.04), BAC: 15.90 (-0.30), MS: 31.48 (-0.77), GS: 179.70 (-5.81), COF: 73.68 (-0.90), JPM: 62.06 (-0.46), AIG: 60.23 (-0.04), ACN: 102.52 (-0.95)
The 4 Most Important Numbers From Bank of America's 3rd-Quarter Earnings
John Maxfield, The Motley Fool - Motley Fool - Wed Oct 21, 5:35AM CDT
Image credit: Getty Images News/Thinkstock. If you have only a few minutes to assess Bank of America 's third-quarter performance , then the four numbers in the following slideshow will give you a quick but valuable perspective on whether or not...
BAC: 15.90 (-0.30)
5 Things Smart Investors Learned From Wells Fargo's Latest Conference Call
John Maxfield, The Motley Fool - Motley Fool - Tue Oct 20, 4:20PM CDT
Last week, Wells Fargo hosted a conference call to discuss its results for the third quarter. Here are the five most important things the bank's executives wanted investors to know. 1. Operating from a position of strength Because Wells...
GE: 28.85 (+0.07), JPM: 62.06 (-0.46), C: 51.81 (-1.03), BAC: 15.90 (-0.30), WFC: 53.12 (+0.04)
For Shaky Energy Stocks, You Have Options
at The Street - Tue Oct 20, 3:00PM CDT
Price distortion is happening in the energy patch.
AXP: 76.51 (-0.44), CHK: 7.87 (-0.32), C: 51.81 (-1.03), XCO: 1.28 (-0.08), SN: 7.40 (-0.35), BAC: 15.90 (-0.30), WFC: 53.12 (+0.04)
Bank of America Is Getting Better, Not Bigger
John Maxfield, The Motley Fool - Motley Fool - Tue Oct 20, 1:20PM CDT
In 2011, a little over a year after taking the helm at Bank of America , CEO Brian Moynihan predicted that the nation's second-biggest bank by assets would earn between $22 billion and $24 billion a year after the effects of the financial crisis...
BAC: 15.90 (-0.30)
5 Valuable Insights From U.S. Bancorp CEO Richard Davis
John Maxfield, The Motley Fool - Motley Fool - Tue Oct 20, 11:41AM CDT
It pays to listen to U.S. Bancorp CEO Richard Davis whenever there's an opportunity to do so. Not only does Davis lead one of the nation's most profitable banks, he's also full of prescient insights on banking. Here are five such insights from...
JPM: 62.06 (-0.46), USB: 41.10 (-0.15), WFC: 53.12 (+0.04), BAC: 15.90 (-0.30)
Why optimism about the US economy's strength has dimmed
By CHRISTOPHER S. RUGABER - AP - Tue Oct 20, 11:17AM CDT
WASHINGTON (AP) — Consumers, fueled by job growth, cheaper gas and higher home values, would drive the U.S. economy through a global slump.
JNJ: 97.63 (+0.04), BAC: 15.90 (-0.30), CSX: 27.49 (-0.27)
Bank of America Stock Should Rise 20% or More -- Here's Why
at The Street - Tue Oct 20, 11:02AM CDT
Bank of America (BAC) shares are likely to gain at least 20%. This massive mortgage and credit card lender is trading at a steep discount to book value.
BAC: 15.90 (-0.30)
Fifth Third (FITB) Q3 Earnings Beat, Expenses Up Y/Y
Zacks Equity Research - Zacks Investment Research - Tue Oct 20, 10:52AM CDT
Driven by higher non-interest income, Fifth Third Bancorp (FITB) delivered a positive earnings surprise of 12.5% in third-quarter 2015.
FITB: 18.28 (-0.55), JPM: 62.06 (-0.46), BAC: 15.90 (-0.30), WFC: 53.12 (+0.04)
Bank of America (BAC) Breaks Through Resistance at $16.24
Comtex SmarTrend(R) - Tue Oct 20, 10:20AM CDT
Shares of Bank of America (NYSE:BAC) opened today above their pivot of $16.11 and have already reached the first level of resistance at $16.24. Analysts will be watching for a cross of the next upside pivot targets of $16.34 and $16.57.
BAC: 15.90 (-0.30)
Regions Q3 Earnings Miss Estimates; Revenues Climb Y/Y
Zacks Equity Research - Zacks Investment Research - Tue Oct 20, 9:55AM CDT
Regions Financial Corporation's (RF) third-quarter 2015 earnings from continuing operations came in at 19 cents per share, missing the Zacks Consensus Estimate by a penny.
RF: 9.03 (-0.18), JPM: 62.06 (-0.46), BAC: 15.90 (-0.30), WFC: 53.12 (+0.04)