Citizens Financial profit slips on weaker interest income [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: Yahoo! Finance
Banks in the United States have been bracing for a turnaround in gains from interest income, as they paid more to retain customers who are in search of higher-yield securities, while loan growth declines. Citizens Financial's net interest income (NII) - the difference between what it earns on loans and pays for deposits - tumbled 12% to $1.44 billion in the first quarter compared with the previous year. Larger rivals Bank of America and Wells Fargo also posted similar declines in NII in recent days. Period-end loans and leases fell 7% to $143 billion in the quarter ended March from a year ago. The bank set aside $171 million in provisions for credit losses in the first quarter, slightly higher than $168 million a year earlier, as it prepares for more customers to miss or fall behind on their payments. The lender reported net income of $334 million, or 65 cents per share, for the first quarter, compared with $511 million, or $1 per share, a year earlier. (Reporting by Mehnaz
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- MERRILL LYNCH B.V. FILES ANNUAL FINANCIAL REPORTPR Newswire
- Boeing taps debt market to raise $10 billion: Reuters [CNBC]CNBC
- Japan's currency falls to its weakest since 1990 against the dollar as the yen keeps yelping [Yahoo! Finance]Yahoo! Finance
- Boeing taps debt market to raise $10 billion: sources [Reuters]Reuters
- Federal Reserve Meeting Preview: High Interest Rates 'Need More Time To Work,' Bank of America Says [Yahoo! Finance]Yahoo! Finance
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 4/29/24 - Form 424B2
- 4/29/24 - Form FWP
- 4/29/24 - Form 424B2
- BAC's page on the SEC website