Bank of America Stock: Buy, Sell, or Hold? [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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US:NYSE Investor Relations:
investor.bankofamerica.com
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Source: Yahoo! Finance
However, inflationary pressures remain sticky, pushing back interest rate cut expectations for 2024. Given this evolving backdrop, does Bank of America deserve a spot in your portfolio? Bank of America is sensitive to changes in interest rates One reason for the company's rising share price is the Federal Reserve and its interest rate policy. In July, the Federal Reserve made perhaps its final interest rate hike of the cycle when it raised the federal funds rate to an upper range of 5.5%. In December, the Federal Reserve continued to hold interest rates in place, and the committee projected that it would cut them three times in 2024. This set off a flurry of stock buying in interest rate-sensitive sectors like banking. Markets priced in even more rate cuts, and at one point early this year, the futures markets priced in as many as six interest rate cuts during the year. However, inflation has remained elevated, causing markets to trim back their rate-cut hopes for the year.
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News
- Bank of America banker who died from blood clot had sought to leave, citing long hours: recruiter [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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- Exclusive-Bank of America banker who died had sought to leave, citing long hours, recruiter says [Yahoo! Finance]Yahoo! Finance
- Exclusive-Bank of America banker who died had sought to leave, citing long hours, recruiter says [Yahoo! Finance Canada]Yahoo! Finance Canada
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 5/10/24 - Form 8-K
- 5/10/24 - Form 424B2
- 5/10/24 - Form FWP
- BAC's page on the SEC website