Bank of America

Bank of America profit tops estimates

Bank of America Corp. said Wednesday that fourth-quarter profit rose sharply from a year ago.

Quarterly profit at the Charlotte, N.C.-based bank, the second largest in the U.S. by assets, was $7.3 billion, compared with $2.4 billion a year ago. Per share, earnings were 70 cents. Analysts polled by Refinitiv had expected 63 cents per share.

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https://www.marketwatch.com/story/bank-o...6?mod=bnbh

vorbörslich +3,8% auf 27,55

Name Merrill Lynch verschwindet - Ende einer Institution

Einst war sie ein Synonym für die "Masters of the Universe", die Investmentbanker, die Milliarden-Transaktionen durchziehen und Millionen verdienen. Nun wird einer der renommiertesten Namen an der Wall Street verschwinden: Merrill Lynch.

Die traditionsreiche Marke verschwindet aus der Welt des Investmentbankings. Die Bank of America, die das über 100 Jahre alte Wall-Street-Haus in der Finanzkrise übernommen hatte, will den Namen im Kapitalmarktgeschäft weitgehend streichen. In der Vermögensverwaltung und Investmentsparte bleibt dann lediglich die Kurzform Merrill als Zweitmarke bestehen.

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https://boerse.ard.de/boersenwissen/boer...on100.html

Tradition des Namens "Merrill Lynch" hin oder her, ich habe mich schon lange gefragt, warum man es sich antut das Institut "Bank of America Merrill Lynch" zu nennen.

Der Name "Bank of America" ist doch an Klasse nicht mehr zu überbieten. Besser geht es doch für eine große Bank nicht.

Nach FastGraphs ist BAC sehr günsitg aktuell.

Bank of America shares edge lower as first-quarter revenue falls short

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Bank of America Corp. BAC, -2.28% said Tuesday it had net income of $7.3 billion, or 70 cents a share, in the first quarter, up from $6.9 billion, or 62 cents a share, in the year-earlier period. Revenue edged down to $23.0 billion from $23.1 billion. The FactSet consensus was for EPS of 66 cents and revenue of $23.2 billion. Net interest income rose 10% to $$629 million, driven by higher interest rates and growth in deposits and loans. 

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https://www.marketwatch.com/story/bank-o...yptr=yahoo

Bank of America (BAC) Q2 Earnings and Revenues Beat Estimates

Bank of America (BAC) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.65 per share when it actually produced earnings of $0.70, delivering a surprise of 7.69%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Bank of America, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $23.08 billion for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 0.49%. This compares to year-ago revenues of $22.61 billion.


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Bank of America (BAC) Q3 Earnings and Revenues Beat Estimates

Bank of America (BAC) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 12%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.70 per share when it actually produced earnings of $0.74, delivering a surprise of 5.71%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Bank of America, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $22.81 billion for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 2.82%. This compares to year-ago revenues of $22.78 billion.


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https://finance.yahoo.com/news/bank-amer...12014.html

BofA (BAC) Beats on Q4 Earnings & Revenue Estimates, Costs Up

Improved trading and underwriting performance drove Bank of America’s BAC fourth-quarter 2019 earnings of 74 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents. Also, the figure was up 6% from the prior-year quarter.

As expected, BofA came out with improved trading and investment banking numbers. Sales and trading revenues (excluding DVA) grew 13%, driven by 25% rise in fixed income trading, while equity trading income witnessed a fall of 4% on year-over-year basis.


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https://finance.yahoo.com/news/bofa-bac-...02374.html

Bank of America (BAC) Q1 Earnings Lag Estimates

Bank of America (BAC) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -4.76%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.68 per share when it actually produced earnings of $0.74, delivering a surprise of 8.82%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Bank of America, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $22.77 billion for the quarter ended March 2020, surpassing the Zacks Consensus Estimate by 0.61%. This compares to year-ago revenues of $23 billion.


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https://finance.yahoo.com/news/bank-amer...12404.html

Sieht man quer durch die Bank bei allen großen US-Banks, dass die Umsätze und Erträge eigentlich ganz gut waren in Q1, aber dass extrem viel Geld in die Risikovorsorge gebucht wird. Kaufmännische Vorsicht. Ist sinnvoll!