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BAC

Bank of America

$28.42

0.07 (0.25%)

07:07
10/15/18
10/15
07:07
10/15/18
07:07

Bank of America CEO: Highest quarterly pre-tax earnings in company history

Brian Moynihan, Chairman and CEO said, "Responsible growth, backed by a solid U.S. economy and a healthy U.S. consumer, combined to deliver the highest quarterly pre-tax earnings in our company's history. This marks the 15th consecutive quarter of positive operating leverage, driven by continued growth in deposits, client balances in wealth management, solid loan growth and disciplined expense management. Our strong balance sheet has allowed us to return $19 billion to shareholders so far this year in dividends and share buybacks. Our high-tech, high-touch approach continues to drive both client satisfaction and efficiencies. More than 3 million users have accessed Erica, the industry's only AI virtual assistant, since its April rollout, and nearly a quarter of deposit transactions this quarter were performed via mobile device. We also have opened 53 financial centers and renovated more than 400 others in the last 12 months. We continue to expand into new markets, recently opening our first financial center in Pittsburgh, and we plan to open in Salt Lake City in the coming months, with additional markets to follow. In Global Banking, deposit growth reflects GTS investments, and Global Markets profitability improved. Bank of America is helping our clients address the straightforward question of what they would like the power to do, and delivering capabilities and solutions to help them reach their goals."

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    Oct

BAC Bank of America
$28.42

0.07 (0.25%)

09/25/18
WOLF
09/25/18
INITIATION
Target $40
WOLF
Outperform
Bank of America initiated with an Outperform at Wolfe Research
Wolfe Research analyst Steven Chubak initiated Bank of America with an Outperform and $40 price target.
09/19/18
OPCO
09/19/18
NO CHANGE
OPCO
Outperform
U.S. banks 'in very good shape,' says Oppenheimer, favorites include BofA, Citi
Oppenheimer analyst Chris Kotowski tells investors in a research note that the U.S. banking group is on solid footing with balance sheets less risky than at any time over the last 33 years the firm covered the group and says his favorite bank stocks are Outperform-rated Bank of America (BAC), Citi (C), CIT (CIT) and Goldman Sachs (GS). However, Kotowski notes that banks are trading at an average relative P/E of just ~66% relative to the S&P 500 and returning to a historical avg valuation of 73%-80% range would imply over a thousand basis points of outperformance by the group. In his view, the U.S. banks are, on the whole, in "very good" shape.
07/17/18
BARD
07/17/18
NO CHANGE
Target $30
BARD
Neutral
Baird would be buyers of Bank of America on weakness
Baird analyst David George said he would remain a buyer of Bank of America shares on any weakness, stating that its operating leverage was impressive in Q2 and should continue along with solid execution. George maintained his Neutral rating and $30 price target on Bank of America shares.
07/09/18
GSCO
07/09/18
NO CHANGE
GSCO
Bank of America, Morgan Stanley top ideas into Q2 earnings season, says Goldman Sachs
Goldman Sachs analyst Richard Ramsden expects Bank of America (BAC) and Morgan Stanley (MS) to beat consensus estimates in Q2. The analyst argues that both appear best positioned, while he sees risk for U.S. Bancorp (USB) and JPMorgan (JPM). Ramsden highlights Bank of America given the material valuation dislocation that looks to support the stock over time. Additionally, the analyst expects an expense and NII beat for Morgan Stanley.

TODAY'S FREE FLY STORIES

SENS

Senseonics

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-0.021 (-2.46%)

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RETA

Reata Pharmaceuticals

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SANM

Sanmina

$30.31

-0.11 (-0.36%)

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QGEN

Qiagen

$27.29

0.21 (0.78%)

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RPAY

Repay Holdings

$13.18

-0.1 (-0.75%)

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  • 18

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AKS

AK Steel

$2.44

-0.07 (-2.79%)

, MT

ArcelorMittal

$14.34

-0.415 (-2.81%)

16:01
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General news
Trump says steel tariffs on Turkey to be raised back up to 50% »

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AK Steel

$2.44

-0.07 (-2.79%)

MT

ArcelorMittal

$14.34

-0.415 (-2.81%)

NUE

Nucor

$51.61

-1.08 (-2.05%)

STLD

Steel Dynamics

$29.55

-0.82 (-2.70%)

X

U.S. Steel

$11.14

-0.2 (-1.76%)

TMST

TimkenSteel

$5.71

-0.115 (-1.98%)

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  • 17

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RETA

Reata Pharmaceuticals

$101.70

5.9 (6.16%)

16:00
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RPAY

Repay Holdings

$13.18

-0.1 (-0.75%)

16:00
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  • 18

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AEMD

Aethlon Medical

$0.26

0.0016 (0.63%)

15:56
10/14/19
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15:56
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Aethlon Medical announces 1-for-15 reverse stock split »

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  • 14

    Oct

AYTU

Aytu BioScience

$1.22

0.01 (0.83%)

15:55
10/14/19
10/14
15:55
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15:55
Conference/Events
Aytu BioScience to host conference call »

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  • 14

    Oct

JNJ

Johnson & Johnson

$130.78

-0.57 (-0.43%)

15:53
10/14/19
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15:53
Earnings
Fly Intel: What to watch in Johnson & Johnson earnings report »

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  • 15

    Oct

RGSE

RGS Energy

$0.00

(0.00%)

15:50
10/14/19
10/14
15:50
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15:50
Conference/Events
RGS Energy to host business news update conference call »

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TGNA

Tegna

$15.21

0.05 (0.33%)

15:50
10/14/19
10/14
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10/14/19
15:50
Periodicals
Tegna investor Standard General considering proxy fight, Bloomberg says »

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  • 07

    Nov

15:33
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Conference/Events
Wolfe Research utilities analyst to hold a group luncheon »

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RCUS

Arcus Biosciences

$8.12

-0.075 (-0.92%)

15:26
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Conference/Events
Arcus Biosciences management to meet with SVB Leerink »

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  • 21

    Oct

MLND

Millendo Therapeutics

$7.09

-0.15 (-2.07%)

15:24
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Conference/Events
Millendo Therapeutics management to meet with SVB Leerink »

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  • 15

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MREO

Mereo BioPharma

$3.40

-0.15 (-4.23%)

15:22
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Conference/Events
Mereo BioPharma management to meet with SVB Leerink »

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  • 15

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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NYSE market internals summary »

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FAST

Fastenal

$35.48

-0.885 (-2.43%)

15:11
10/14/19
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15:11
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15:11
Downgrade
Fastenal rating change  »

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  • 23

    Oct

PE

Parsley Energy

$15.27

-1.71 (-10.07%)

, JAG

Jagged Peak Energy

$6.76

-0.055 (-0.81%)

15:00
10/14/19
10/14
15:00
10/14/19
15:00
Recommendations
Parsley Energy, Jagged Peak Energy analyst commentary  »

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PE

Parsley Energy

$15.27

-1.71 (-10.07%)

JAG

Jagged Peak Energy

$6.76

-0.055 (-0.81%)

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  • 14

    Oct

  • 06

    Nov

CURO

Curo Group

$12.76

-0.1 (-0.78%)

, GOOG

Alphabet

$1,220.44

6.58 (0.54%)

15:00
10/14/19
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15:00
Recommendations
Curo Group, Alphabet, Alphabet Class A, Elevate Credit, Enova International, Apple analyst commentary  »

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CURO

Curo Group

$12.76

-0.1 (-0.78%)

GOOG

Alphabet

$1,220.44

6.58 (0.54%)

GOOGL

Alphabet Class A

$1,220.24

5.62 (0.46%)

ELVT

Elevate Credit

$4.42

-0.03 (-0.67%)

ENVA

Enova International

$19.99

0.03 (0.15%)

AAPL

Apple

$236.16

-0.05 (-0.02%)

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  • 24

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  • 13

    Nov

ZUO

Zuora

$14.37

-0.29 (-1.98%)

14:55
10/14/19
10/14
14:55
10/14/19
14:55
Options
Zuora put volume heavy and directionally bearish »

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BAC

Bank of America

$29.06

0.155 (0.54%)

, GS

Goldman Sachs

$205.68

0.98 (0.48%)

14:54
10/14/19
10/14
14:54
10/14/19
14:54
Earnings
Fly Intel: What to watch in next round of big banks' earnings reports »

Goldman Sachs (GS), Bank…

BAC

Bank of America

$29.06

0.155 (0.54%)

GS

Goldman Sachs

$205.68

0.98 (0.48%)

MS

Morgan Stanley

$42.19

0.25 (0.60%)

BABA

Alibaba

$171.95

-1.015 (-0.59%)

FDC

First Data

$0.00

(0.00%)

03/08/13
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  • 15

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  • 12

    Nov

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    Nov

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
10/14/19
10/14
14:17
10/14/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is below average…

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