BOK Financial: Double Whammy From Oil Market, COVID-19 [Seeking Alpha]
BOK Financial Corporation (BOKF)
Last bok financial corporation earnings: 4/22 07:55 am
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US:NASDAQ Investor Relations:
bokf.com
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Source: Seeking Alpha
Summary BOKF has high exposure to the oil and gas sector; therefore, provisions charge is expected to increase this year following the international crude oil price crash. The effect of the 50bps Fed Funds rate cut on an asset sensitive balance sheet is expected to lead to a compression in margin. Risks are high from the oil market and COVID-19 pandemic. As a result, a neutral rating for BOKF is appropriate. Earnings of BOK Financial ( Provisions Charges to Receive Double Whammy from COVID-19, Oil Price Crash The WTI crude oil price was down 42% by March 12 from the last high on February 20, 2020, mostly due to the failure of OPEC and its allies ban on travel 10-K filing In addition, provisions charge is expected to be driven upwards by the effect of COVID-19 on sectors other than oil and gas. These sectors include travel, retail, and restaurant business. Based on the negative effects of the oil price crash and the COVID-19 pandemic, I’m expecting BOKF’s provisions charge to rise to $
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BOKF
News
- BOK Financial Co. (NASDAQ: BOKF) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Wendell Franklin Named Director of Corporate Security at BOK Financial [Yahoo! Finance]Yahoo! Finance
- Wendell Franklin Named Director of Corporate Security at BOK FinancialAccesswire
- Oil prices drop amid rising inventories, diplomatic push for Gaza ceasefire [Yahoo! Finance Canada]Yahoo! Finance Canada
- Oil prices drop amid rising inventories, diplomatic push for Gaza ceasefire [Yahoo! Finance]Yahoo! Finance
BOKF
Earnings
- 4/24/24 - Beat
BOKF
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form 10-Q
- 4/24/24 - Form 8-K
- BOKF's page on the SEC website