Bank of America bonds were being snapped up before and earnings Q3 earnings
Bank of America's stock was up 1.4% after third-quarter earnings showed a profit beat that offset a decline in net interest income, and buyers were snapping up its outstanding bonds as spreads narrowed to their tightest levels of the year.
Bank of America Q3 Earnings: Profit Drops 12% On Loan Loss Provisions, Investment Banking Fees Soar 18%
Bank of America Corp (NYSE: BAC) reported $6.9 billion in net income and EPS of $0.81 for Q3 fiscal 2024, beating analyst estimates. Revenue was $25.49 billion, with gains in trading revenue and investment banking fees offsetting declines in net interest income.
Mike Mayo, an analyst from Wells Fargo, maintained the Buy rating on Bank of America (BAC – Research Report). The associated price target ...
Big bank earnings aren’t done yet. Morgan Stanley’s results are due at 7:30 a.m. ET, with a conference call slated for an ...
Morgan Stanley's profit rose in the third quarter, fueled by a rebound in dealmaking that also helped its rivals.
Barclays analyst Jason Goldberg maintained a Buy rating on Bank of America (BAC – Research Report) today and set a price target of ...
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