Bank of America Corporation

BAC

US0605051046

Banks

Market Closed - Nyse Other stock markets 16:00:02 2024-07-17 EDT			After market 19:04:59
43.98 ^USD	-0.34%		44.12	+0.32%

07-17	Citizens Financial profit beats estimates on strong capital markets	RE
07-17	Barclays Adjusts Price Target on Bank of America to $49 From $43, Maintains Overweight Rating	MT

Bank of America Corporation Reports Earnings Results for the Fourth Quarter Ended December 31, 2019

January 15, 2020 at 06:50 am

Bank of America Corporation announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 12,140 million compared to USD 12,504 million a year ago. Net income was USD 6,994 million compared to USD 7,278 million a year ago. Basic earnings per share was USD 0.75 compared to USD 0.71 a year ago. Diluted earnings per share was USD 0.74 compared to USD 0.7 a year ago. For the full year, net interest income was USD 48,891 million compared to USD 48,162 million a year ago. Net income was USD 27,430 million compared to USD 28,147 million a year ago. Basic earnings per share was USD 2.77 compared to USD 2.64 a year ago. Diluted earnings per share was USD 2.75 compared to USD 2.61 a year ago.

Latest news about Bank of America Corporation

Citizens Financial profit beats estimates on strong capital markets	07-17	RE
Barclays Adjusts Price Target on Bank of America to $49 From $43, Maintains Overweight Rating	07-17	MT
US banks see high deposit costs, investment banking boost	07-17	RE
Stocks to watch as Biden, Trump vie for presidency	07-17	RE
BMO Capital Adjusts Price Target on Bank of America to $40 From $38	07-17	MT
Citi to boost investment banking headcount in India betting on deals surge	07-17	RE
Earnings reports take center stage as tech stocks tumble	07-17
Argus Adjusts Price Target on Bank of America to $48 From $45	07-17	MT
Citizens Financial's profit beats estimates on strong capital markets	07-17	RE
Barclays Adjusts Price Target on Bank of America to $49 From $43, Keeps Overweight Rating	07-17	MT
Goldman Sachs Adjusts Price Target on Bank of America to $48 From $45, Keeps Buy Rating	07-17	MT
RBC Capital Adjusts Price Target on Bank of America to $46 From $39, Keeps Outperform Rating	07-17	MT
Piper Sandler Adjusts Price Target on Bank of America to $44 From $42, Keeps Neutral Rating	07-17	MT
Keefe Bruyette & Wood Adjusts Price Target on Bank of America to $48 From $46, Maintains Outperform Rating	07-17	MT
Citigroup Adjusts Price Target on Bank of America to $46 From $43, Keeps Neutral Rating	07-17	MT
Baird Adjusts Price Target on Bank of America to $40 From $38, Keeps Neutral Rating	07-17	MT
Evercore ISI Adjusts Price Target on Bank of America to $46 From $43, Keeps Outperform Rating	07-17	MT
Morgan Stanley Adjusts Price Target on Bank of America to $46 From $44, Keeps Overweight Rating	07-17	MT
Jefferies Adjusts Price Target on Bank of America to $44 From $41, Keeps Hold Rating	07-17	MT
ANALYST RECOMMENDATIONS : American Airlines, Chevron, UnitedHealth, Bank of America, Eli Lilly...	07-17
Dow notches all-time high, small caps surge again	07-16	RE
Financials Gain as Bank of America, Morgan Stanley Rise - Financials Roundup	07-16	DJ
Dow, S&P 500 Hit Closing Records as Markets Weigh Retail Sales Report, Earnings	07-16	MT
Dow, S&P 500 Hit Closing Records as Markets Weigh Retail Sales Report, Earnings	07-16	MT
Sector Update: Financial Stocks Gain Late Afternoon	07-16	MT

Chart Bank of America Corporation

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Company Profile

Bank of America Corporation is a banking group organized around 5 areas of activity: - commercial banking (58.6% of Net Interest Income); - business and investment banking (25.5%); - wealth management and asset management (12.4%); - market banking (2.9%); - other (0.6%). At the end of 2023, the group managed USD 1,923.8 billion in current deposits and USD 1,053.7 billion in current credits.

Sector

Banks

Calendar

2024-10-15 - Q3 2024 Earnings Release

Related indices

S&P 500

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Ratings for Bank of America Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

43.98 USD

Average target price

43.91 USD

Spread / Average Target

-0.17%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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