The company's net interest income, one of the main drivers of a bank's revenue, has been under pressure lately as loan and deposit growth has slowed.
Bank of America shares have declined about 11% this year, compared with the approximately 20% decline of the KBW Bank Index. This month, the Consumer Financial Protection Bureau said it fined the Charlotte, North Carolina-based bank for including fake accounts and bogus fees. Analysts may ask CEO Brian Moynihan if the problems have been resolved.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Top Wall Street analysts are bullish on these five stocksTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Apple.
Source: CNBC - 🏆 12. / 72 Read more »
Bulls and bears are locked in a battle for Wall Street | CNN BusinessBulls and bears have always engaged in battle on Wall Street. But the divide between so-called “bulls” and “bears” — optimistic investors who forecast rising stock prices and pessimistic investors who expect declining stock prices — is growing wider.
Source: CNN - 🏆 4. / 95 Read more »
Netflix Earnings Preview: Bullish Wall Street Expects Progress on Password-Sharing Crackdown, Ad TierMacquarie speaks of a 'potentially momentous' quarterly update, while peers predict signs of accelerating growth in the second half of the year.
Source: THR - 🏆 411. / 53 Read more »