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Bank of America's stock has performed well and kept pace with broader trends since October 2023. The bank's net interest margin and net interest yield have exceeded expectations and remained steady. Signs of the coming recession are showing up in many metrics. This is a great time to sell.
Building Permits Come in Lower Than Expected.
Both Housing Starts and Building Permits missed expectations, while BofA, J&J and UnitedHealth all beat on earnings.
Bank of America's first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4 billion digital logins; digital sales represented 50% of total sales, the company noted in its earnings supplementals.
Although the revenue and EPS for Bank of America (BAC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
BofA (BAC) records a decline in revenues and higher expenses in the first quarter of 2024.
Senators Ask Bank Of America For Details About Leon Black's Payments To Jeffrey Epstein, Report Says
The Senate Finance Committee has asked Bank of America to provide details about its handling of millions of dollars in fees made by billionaire private equity investor Leon Black to disgraced financier and sex offender Jeffrey Epstein, the New York Times reported Tuesday.
Bank of America (BAC) on Tuesday posted better-than-expected first-quarter results, including net interest income, a key profitability metric that has dogged its peers in the past week.
Bank of America (BAC) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.94 per share a year ago.
CNBC's Leslie Picker joins ‘Squawk Box' to report on Bank of America's quarterly earnings results.