|Bid||34.44 x 2900|
|Ask||34.48 x 27000|
|Day's range||34.35 - 34.96|
|52-week range||22.66 - 34.96|
|Beta (5Y Monthly)||1.64|
|PE ratio (TTM)||12.69|
|Earnings date||15 Jan 2020|
|Forward dividend & yield||0.72 (2.08%)|
|1y target est||34.34|
The Fed kept interest rates unchanged at the Federal Open Market Committee (FOMC) Meeting and forecasts reflect no change of rate throughout 2020.
Bank of America is incentivizing customers to do more of their day-to-day simple transactions digitally by paying them $15. It is cheaper for the bank and informs customers about options they may not know.
Saudi Aramco’s shares rose 10 per cent during its second day of trading on Thursday, pushing the state oil group’s valuation above $2tn. Shares climbed by the maximum daily limit to SR38.7 before profit-taking pushed the price down, according to the website of Riyadh’s Tadawul stock exchange. for the company has long been sought by Saudi Arabia’s ambitious Crown Prince Mohammed bin Salman, and Riyadh has worked to backstop the flotation to ensure its success.
Fed Chairman Jerome Powell said Wednesday that the Fed could "adjust the details" of its balance sheet policies and repo operations to prevent another flare-up in money markets.
Bank of America today announced that its artificial intelligence (AI)-driven virtual financial assistant, Erica®, has surpassed 10 million users since its nationwide rollout in June 2018 and is on track to complete 100 million client requests in the coming weeks. These milestones coincide with the introduction of several new Erica insights within the bank’s award-winning mobile app that offer clients personalized, proactive guidance to help them stay on top of their finances.
Bank of America chief executive Brian Moynihan has joined a chorus of US bankers predicting a strong end to the year for trading and investment banking. Mr Moynihan told investors on Wednesday that the two divisions would record higher fourth-quarter revenues than a year earlier, a day after upbeat remarks from senior executives at Citigroup, JPMorgan Chase and Goldman Sachs. fourth quarter in some of Wall Street’s biggest businesses in 2018, including double-digit percentage declines in fixed-income revenues at each of the big five banks in a period when investment banking revenues also fell for all major players except JPMorgan.
When it comes to investing in bank stocks, a flattening yield curve, Fed rate cuts and illiquid capital markets are typically considered red flags that send investors running for the hills.
The US economy added 266,000 jobs in November, surpassing analyst estimates by a wide margin and demonstrating the continued strength of the US labour market. Hourly earnings increased 3.1 per cent over the past year, also beating estimates of a 3 per cent gain. “The fact that the labour market hasn’t slowed, I mean, really, that’s amazing — given all the worry we’ve had, all the recession talk,” said Ethan Harris, head of global economics research for Bank of America Merrill Lynch.
President Trump's latest hints at a delay in the U.S.-China trade agreement causes the yield on benchmark 10-year Treasury note to hit the lowest in the last four months.
Key drivers of this year’s late-cycle bull market gains are expected to shift as the global markets enter the new year, according to BofA Merrill Lynch Global Research, which was recently named Institutional Investor’s top research firm in the world. An interim, skinny U.S.-China trade deal should temporarily relieve trade concerns ahead of the U.S. presidential election and pave the way for a midyear, mini-boost in global growth led by U.S. rates and a weaker dollar. A rebound in U.S. corporate earnings should spur a long-awaited uptick in capital spending and lift the S&P 500 to another year-end high of 3300, or 6 percent above current levels.
Thai billionaire Charoen Sirivadhanabhakdi's Thai Beverage is planning to spin off some regional beer assets in an initial public offering (IPO) that could raise as much as $3 billion, sources close to the matter said. The Singapore-listed company has approached banks about a listing of a unit that could house its beer assets in Vietnam and Thailand, one of the sources said on condition of anonymity because he was not authorised to speak to the media.
FDIC-insured commercial banks and savings institutions' Q3 earnings negatively impacted by higher provisions and expenses, partly offset by elevated net operating revenues and loan growth.