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.
in the 10-year Treasury yield than its peers — and more similar to some regional banks that are also nursing underwater bonds. Bank of America had more than $100 billion in paper losses on bonds at 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,
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: CNBC - 🏆 12. / 72 Read more »
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.
Source: MarketWatch - 🏆 3. / 97 Read more »
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.
Source: CNBC - 🏆 12. / 72 Read more »
Bank of America earnings: What to expectSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »
J&J, Bank of America, Goldman, Lockheed, Ericsson, NetScout, and More Market MoversJohnson & Johnson, Bank of America, and Goldman Sachs are scheduled to report third-quarter earnings on Tuesday, Ericsson slumps after withdrawing margin...
Source: MarketWatch - 🏆 3. / 97 Read more »