Bank of America is set to report third-quarter earnings.Provision for credit losses: $1.3 billionto be one of the biggest beneficiaries of higher interest rates this year. Instead, the company's stock has been the worst performer among its big-bank peers in 2023. That's because, under CEOin the 10-year Treasury yield than its peers — and more similar to some regional banks that are also nursing underwater bonds.
The situation has pressured the bank's net interest income, or NII, which is a key metric that analysts will be watching this quarter. In July, the bank's CFO, Alistair Borthwick,Top economists unanimous on 'higher for longer' rates as inflation threats lingerMike Trout
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bank of America is set to report third-quarter earnings — here's what the Street expectsBank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.
Fonte: NBCDFW - 🏆 288. / 63 Consulte Mais informação »
Amid a rocky market in preferred securities, Bank of America finds opportunityBank of America is cautious on preferred securities, but sees some relative value in these names.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »
Bank of America Corp. stock rises Monday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »
As oil prices rise, these global stocks are set to outperform: Bank of AmericaBank of America said that three global stocks were set to benefit from both rising gas and oil prices.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »
Bank of America earnings: What to expectSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »