Bank of America Set to Continue Its Rally
at The Street - Fri Oct 23, 2:00PM CDT
It looks like a good risk/reward long candidate.
BAC: 16.52 (+0.36)
Bank Stock Roundup: Q3 Earnings Bring Some Respite; BNY Mellon, Regions in Focus
Zacks Equity Research - Zacks Investment Research - Fri Oct 23, 10:47AM CDT
Amid the tough industry backdrop and rising costs in third-quarter 2015, most of the banks that reported this week succeeded in outpacing the earnings estimates aided by top-line growth. These ultimately led to positive share price movement.
FITB: 19.11 (+0.40), RF: 9.45 (+0.24), COF: 81.12 (+6.18), JPM: 63.87 (+0.68), USB: 42.62 (+0.78), STI: 41.75 (+0.96), BAC: 16.52 (+0.36), WFC: 54.75 (+0.69), PNC: 91.24 (+1.76), BK: 42.25 (+0.60)
Are BofA's 1 Million New Credit Cards a Good Omen?
at The Street - Fri Oct 23, 8:34AM CDT
Consumer businesses are looking up at Wells Fargo and Citigroup, while trading has weighed on earnings at Wall Street banks like Goldman Sachs and Morgan Stanley.
GS: 185.50 (+1.94), JPM: 63.87 (+0.68), C: 53.64 (+1.13), WFC: 54.75 (+0.69), BAC: 16.52 (+0.36), MS: 32.62 (+0.27)
Bank of America's Comeback Continues
Motley Fool Staff - Motley Fool - Fri Oct 23, 5:18AM CDT
There's no doubt that Bank of America has had a rough few years. And this past quarter was no exception, with a decline in revenue weighing on the bank's bottom line. But digging deeper, there was good news too. In the video below, The Motley...
BAC: 16.52 (+0.36)
Wells Fargo & Co. Had a Solid Third Quarter. Why Didn't Bank of America?
Motley Fool Staff - Motley Fool - Thu Oct 22, 5:00PM CDT
The major U.S. banks have all reported quarterly earnings, with each facing its own issues with profitability. But while Wells Fargo reported solid asset growth, Bank of America and Citigroup continue to mend from the financial crisis....
GS: 185.50 (+1.94), JPM: 63.87 (+0.68), C: 53.64 (+1.13), WFC: 54.75 (+0.69), BAC: 16.52 (+0.36)
Bank of America Declares Quarterly Stock Dividends
M2 - Thu Oct 22, 11:26AM CDT
Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.05 per share, payable December 24 to shareholders of record as of December 4.
BAC: 16.52 (+0.36)
Merrill Lynch Study on Giving in Retirement Reveals $8 Trillion Longevity Bonus
Business Wire - Thu Oct 22, 11:15AM CDT
A new Merrill Lynch study reveals a potential giving surge in the United States over the next two decades valued at an estimated $8 trillion, due to the aging baby boomer generation, increasing life expectancy and high rates of giving among retirees. The study, "Giving in Retirement: America's Longevity Bonus" conducted in partnership with Age Wave, found that with more time, savings and skills to contribute to the charities and causes they care about, 65 percent of retirees agree retirement is the best time in life to give back.
BAC: 16.52 (+0.36)
3 Things Bank of America Wants Investors to Know
John Maxfield, The Motley Fool - Motley Fool - Thu Oct 22, 9:21AM CDT
Bank of America hosted a conference call last week to flush out details of the bank's third-quarter performance. Here are three points that CEO Brian Moynihan emphasized on the call. 1. Bank of America continues to make progress toward its "full...
BAC: 16.52 (+0.36)
Covered Call Alerts For Chipotle Mexican Grill, Horizon Pharma, Abbott Laboratories, Bank of America and Amgen Released By InvestorsObserver
PR Newswire - Thu Oct 22, 8:31AM CDT
InvestorsObserver issues critical PriceWatch Alerts for CMG, HZNP, ABT, BAC and AMGN.
ABT: 43.60 (+0.10), CMG: 649.72 (-0.90), HZNP: 17.06 (+3.94), AMGN: 155.75 (+3.44), BAC: 16.52 (+0.36)
Zacks Earnings Trends Highlights: Bank of America
Zacks Equity Research - Zacks Investment Research - Thu Oct 22, 8:30AM CDT
Zacks Earnings Trends Highlights: Bank of America
BAC: 16.52 (+0.36)
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: 16.52 (+0.36)
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: 16.52 (+0.36)
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: 16.52 (+0.36)
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: 69.17 (+1.07), JPM: 63.87 (+0.68), BAC: 16.52 (+0.36), WFC: 54.75 (+0.69)
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: 209.09 (-2.63), JPM: 63.87 (+0.68), C: 53.64 (+1.13), WFC: 54.75 (+0.69), BAC: 16.52 (+0.36)
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: 33.74 (-0.22), USB: 42.62 (+0.78), S: 4.71 (+0.25), C: 53.64 (+1.13), SYF: 31.69 (-0.14), BAC: 16.52 (+0.36), GOOGL: 719.33 (+38.19), TMUS: 41.27 (+0.83), AAPL: 119.08 (+3.58), VZ: 46.16 (+0.27), USM: 37.66 (+0.12)
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: 29.51 (-0.07), C: 53.64 (+1.13), BAC: 16.52 (+0.36), WFC: 54.75 (+0.69)
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: 74.59 (+2.09), ALLY: 19.99 (+0.06), C: 53.64 (+1.13), WFC: 54.75 (+0.69), BAC: 16.52 (+0.36), MS: 32.62 (+0.27), GS: 185.50 (+1.94), COF: 81.12 (+6.18), JPM: 63.87 (+0.68), AIG: 61.28 (+0.53), ACN: 107.99 (+1.53)