Previous close | 1,150.00 |
Open | 1,149.24 |
Bid | 1,112.00 x 900 |
Ask | 1,508.24 x 1100 |
Day's range | 1,149.24 - 1,167.69 |
52-week range | 1,041.20 - 1,240.00 |
Volume | |
Avg. volume | 6,904 |
Market cap | 0 |
Beta (5Y monthly) | 1.39 |
PE ratio (TTM) | 330.11 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 72.50 (6.25%) |
Ex-dividend date | 28 Mar 2024 |
1y target est | N/A |
Bank of America Corp (NYSE:BAC) reported better-than-expected earnings for its first quarter on April 16. The Charlotte, North Carolina-based bank posted quarterly adjusted net income of $7.2 billion and adjusted EPS of 83 cents, beating the consensus of 77 cents. Revenue, net of interest expense, decreased 2% year over year to $25.8 billion. Adjusted revenue declined 1.6% year over year to $25.98 billion, beating the consensus of $25.46 billion, according to data from Benzinga Pro. On April 25,
On the face of it, Bank of America and Goldman Sachs annual shareholder meetings this week were uneventful—no blowout wins for long-shot proposals, no drawn-out battles with infamous activist funds. The two resolutions called on BofA and Goldman to implement policies to prevent the chief executive from also holding the title of board chair—both banks’ CEOs currently do—in the interest of sounder corporate governance and checks on power. While this has been a longstanding debate, what stands out is the increased support these proposals drew when shareholders’ votes were tallied on April 24.
David Solomon defeated a proposal seeking to separate his roles as CEO and chairman of Goldman Sachs, but the measure received double the support it did in 2023.