Vi använder cookies för att till exempel erbjuda support via livechatt och visa dig innehåll som vi tror att du är intresserad av. Om du accepterar att markets.com använder cookies klickar du på Godkänn.
CFD:er är komplexa instrument som innebär hög risk att du förlorar pengar snabbt på grund av hävstången. 74,2% av icke-professionella investerares konton förlorar pengar när de handlar med CFD:er hos den här leverantören. Du bör överväga om du förstår hur CFD:er fungerar och om du har råd att ta den höga risken att förlora dina pengar.
Bank of America share price slumps as Q4 earnings halve
Earnings miss in Q4 drives Bank of America stock lower ahead of MLK holiday
Bank of America stock, trading under the ticker BAC on the NYSE, declined by over 1% last Friday following a significant drop in quarterly profit compared to the previous year and revenue that fell short of estimates.
In Q4 2023, Bank of America reported a net income decrease to $3.1 billion, or 35 cents per share, compared to $7.1 billion, or 85 cents per share, in the corresponding period the prior year. This figure includes one-time items related to a noncash pretax charge of about $1.6 billion tied to the global transition away from an index used to replace the London Interbank Offered Rate (LIBOR). The bank said that the impact would be reintegrated into its interest income in subsequent periods, primarily through 2026.
The adjustment followed the discontinuation of the Bloomberg Short-Term Bank Yield Index, which Bank of America used for calculating rates on certain commercial loans. This move aligns with the U.S. Federal Reserve and other banking regulators' decision to phase out the use of LIBOR by mid-2023.
Excluding these items, Bank of America’s earnings per share came in at 70 cents, ahead the 53 cents FactSet consensus — however, revenue declined by 10% to $22.0 billion, falling short of the $23.7 billion forecast quoted by FactSet.
The Bank of America stock price closed at $32.80 a share (-1.06%) on Friday, reflecting a decrease of 35 cents. U.S. markets are closed on Monday due to the Martin Luther King holiday.
Välj dina rörelseriktningar
Beräkna ditt hypotetiska P/L (sammanlagda kostnader och avgifter) om du hade gjort en affär i dag.
Marknad
ETF:er
ETF:er
Råvaror:
Aktier
Valuta
Obligationer
Råvara
Index
Instrument
Porsche
Procter & Gamble
Roku Inc
Deere
Quanta Services
UniCredit
Rolls-Royce
Inditex
Deliveroo Holdings
Goldman Sachs
Coca-Cola Co (NYSE)
Infosys
Toro
ChargePoint Holdings Inc
Comcast
Chipotle
Campari
The Cheesecake Factory
Virgin Galactic
LVMH
Eni
Medtronic
ProSiebenSat.1
Qualcomm
BioNTech
SIG
Meta (Formerly Facebook)
Philip Morris
Visa
Schlumberger
SMCI
Plug Power
Nike
ADT
3D Systems
Nikola Corporation
Pinterest Inc
Bristol Myers
Jumia Technologies
Broadcom
Upstart Holdings Inc
Salesforce.com
Amazon.com
Cinemark
Moderna Inc
AMC Entertainment Holdings
Air France-KLM
Glencore plc
Starbucks
Uber
Golar LNG
Pfizer
Palantir Technologies Inc
CrowdStrike Holdings
Mastercard
Blackrock
Vir Biotechnology
Toyota
Kuaishou
MerckCo USA
Cisco Systems
Porsche AG
II-VI
JD.com
Snap
JP Morgan
Lululemon
UPS
AIA
Deutsche Bank
Airbus Group SE
Zoom Video Communications
XPeng Inc
Trade Desk
AbbVie
Sartorius AG
Mondelez
Hammerson
CNOOC
Snowflake
Thermo Fisher
CCB (Asia)
Kraft Heinz
Unilever
China Life
eBay
Linde PLC
GameStop
Infinera
UnitedHealth
ASOS
SAP
Barclays
Christian Dior
Wish.com Inc
AstraZeneca
FirstRand
SONY
CAT
Applied Materials
BlackBerry
ALIBABA HK
British American Tobacco
AT&T
Siemens
Diageo
Palo Alto Networks
Vipshop
Amgen
Prosus N.V.
ASML
Airbnb Inc
Lithium Americas Corp
JnJ
Wal-Mart Stores
Nasdaq
Exxon Mobil
McDonald's
Shopify
Hermes
Iberdrola
Peloton Interactive Inc.
Apple
Volkswagen
Marriott
Sea
Micron
Conoco Phillips
Morgan Stanley
Ford
Upwork Inc.
Nel ASA
Bank of America
Accenture
Santander
Abbott
Trump Media & Technology Group
Royal Bank Canada
UiPath Inc
Spotify
Fedex
LUCID
Anglo American
Allianz
Dave & Buster's
Shell plc (LSE)
Xiaomi
Adidas
Skillz Inc
HDFC Bank
Cellnex
Freeport McMoRan
Wells Fargo
PepsiCo
Berkshire Hathaway
Lockheed Martin
Coinbase Inc
HSBC
Target
Netflix
Vonovia
PayPal
DISNEY
Invesco Mortgage
Blackstone
Boeing Co
Lumentum Holdings
Canopy Growth
Beyond Meat
Block
Qorvo
Delivery Hero SE
Teladoc
Unity Software
PG&E
Microsoft
Gilead
Li Auto
Chevron
Naspers
BP
MercadoLibre.com
Alibaba
New Oriental
CarMax
Lemonade
Citigroup
Two Harbors Investment aration
Taiwan Semi
Total
Bayer
Marston's
Twilio
Home Depot
Oracle
Gen Digital Inc
Baidu
ZIM Integrated Shipping Services Ltd
T-Mobile
Norwegian Cruise Line
ON Semiconductor
American Express
Macy's
Vodafone
L'Oreal
Tesla
Robinhood
Nio
Lloyds
Aptiv PLC
Novavax
Norwegian Air Shuttle
American Airlines
TUI
Annaly Capital
RTX Corp
NVIDIA
Adobe
General Motors
PETROCHINA
Aurora Cannabis Inc
Barrick Gold
Fuelcell
General Electric
Anheuser-Busch Inbev
Continental
Eli Lilly
F5 Networks
Etsy
Hubspot
easyJet
Telecom Italia
Ceconomy
Rio Tinto
AMD
Cameco
Arista
Tencent
British American Tobacco
DeltaAir
Verizon
Airbus
Lufthansa
Teleperformance
GSX Techedu
Rivian Automotive
Wayfair
IBM
Bilibili Inc
HSBC HK
Occidental
Lyft
IAG
Costco
Tilray
Fresnillo
Intel
ROBLOX Corp
BASF
Workday Inc
GoPro
DoorDash
Electrolux
GoHealth
Alphabet (Google)
Typ av konto
Riktning
Kvantitet
Beloppet måste vara lika med eller högre än
Filen ska vara mindre än
Beloppet måste vara en multipel av den lägsta lotsökningen
Tidigare resultat är inte en tillförlitlig indikator på framtida resultat.
Alla positioner på instrument som är noterade i en annan valuta än din kontovaluta kommer också att omfattas av en omräkningsavgift vid positionsutgången.
Bank of America earnings: BofA misses revenue estimates on lower securities trading, lending income
In a comment cited by MarketWatch, Edward Jones analyst James Shanahan noted that the bank missed revenue forecasts primarily due to lower-than-expected securities trading revenues and traditional lending income:
“Strength in business and credit card lending contributed to modest loan growth during the quarter. However, lending profit margins declined, particularly within the global markets business.”
The bank also incurred a Federal Deposit Insurance Corp. (FDIC) fee of $2.1 billion related to the failures of Silicon Valley Bank and Signature Bank last year.
Net interest income dropped by 5% to $13.9 billion, driven by higher deposit costs and lower deposit balances. Noninterest income fell by $1.8 billion to $8.0 billion.
The provision for loan losses increased by $12 million to $1.1 billion. Bank of America's average deposits rose 2% to $1.9 trillion, while average loans and leases saw a modest increase to $1.1 trillion.
In terms of segments, the consumer banking division reported a net income of $2.8 billion, with a 4% decline in revenue to $10.3 billion. The global wealth and investment-management segment achieved a net income of $1 billion, with client balances rising 12% to $3.8 trillion. The global banking division posted a net income of $2.5 billion, with investment banking fees increasing by 7% to $1.1 billion. The global markets division reported a net income of $636 million, with sales and trading revenue rising 3% to $3.6 billion.
Moody's Investors Service analyst Peter Nerby described Bank of America's earnings as "modest”, citing the impact of interest rate headwinds partially offset by strong organic growth and expense discipline.
Over the last 12 months, the Bank of America share price has slid by 3.8% —in contrast to the benchmark S&P 500 index, which has gained 20%.
When considering shares for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.
SV
