Bank 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.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:Revenue: $25.32 billion, vs. expected $25.14 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 CEO, the lender piled into low-yielding, long-dated securities during the pandemic.
This 32-year-old was making $17/hour—now his side hustle brings in $500,000 a year. His top 5 business lessons
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Earnings Tuesday: Bank of America, Goldman Sachs continue parade of bank reportsFollow along with MarketWatch's live coverage of Tuesday's earnings slate.
Lire la suite »
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...
Lire la suite »
S&P 500 futures drift as Goldman Sachs and Bank of America earnings awaitedJamie Chisholm is a markets reporter based in London.
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »