2 Early Winners From Q2 Earnings Season Ready to Ride Fed Cuts Higher

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 29 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 53%

Bank Of America Corp أخبار

Bank Of New York Mellon

Stocks Analysis by Investing.com (Damian Nowiszewski) covering: Bank of America Corp, Bank of New York Mellon. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com

The decline in interest income is a common denominator despite the positive performance.The Q2 earnings season kicked off with a bang, with most major banks exceeding analyst expectations for both earnings per share and revenue. This positive performance has the potential to extend the sector's upward trend.

This 7% jump extended the stock's upward trend. However, a potential correction may be brewing, with the first price target around $61 supported by the upward trend line. In the case of BofA, the potential for a continuation of the northward movement is also maintained, and implies an approach at least in the vicinity of $52, which would mean breaking out of new historical maximums.Analysts see continued upside for BofA, with a potential climb toward $52, which would break new historical highs. The fair value index also supports this bullish outlook.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 450. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nike Earnings Preview: Will Restructuring Plan Finally Begin to Bear Fruit?Stocks Analysis by Investing.com (Damian Nowiszewski) covering: Nike Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Crypto Bull Market at Risk as Bitcoin, Ethereum Fail to Escape From Downward TrendMarket Analysis by Investing.com (Damian Nowiszewski) covering: BTC/USD, Bitcoin, ETH/USD. Read Investing.com (Damian Nowiszewski)'s Market Analysis on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

Which Stock Is the Better Buy Ahead of Earnings?Stocks Analysis by Investing.com (Damian Nowiszewski) covering: FedEx Corporation, Micron Technology Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »