Bank of America profit falls on lower customer interest payments [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
BofA's net interest income (NII) — the difference between what it earns on loans and pays for deposits — slid 3% to $14 billion. An uncertain economic outlook and shifting expectations for U.S. interest rate cuts have made it more difficult to predict future profits, banking executives said last week. If the Federal Reserve keeps rates higher for longer in the coming months, lenders that made bumper profits from rising interest rates in the last two years could build on their gains. But their earnings could diminish if a potential economic slowdown deters borrowers from taking out loans. Revenue in Bank of America's investment banking and wealth management climbed, partially offsetting the decline in interest payments. Investment banking fees jumped 35% to $1.6 billion. Last month, Chief Financial Officer Alastair Borthwick said he expected investment banking revenue to jump 10% to 15% in the first quarter from a year earlier. Revenue from the segment rose at rival JPMorgan
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
- 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
- UPDATE 1-Boeing taps debt market to raise $10 billion: sources [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