Bank Of America Corp.
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Higher Provisions Weigh on Bank of America’s Q2 Results
Bank of America (NYSE:BAC) stock fell 3.1% in pre-market trading today after the company reported its second-quarter results.
What to Expect from JPMorgan Chase’s Q2 Earnings
Wall Street analysts expect JPMorgan Chase to post sales of $30.3 billion in the second quarter. The estimate represents growth of 2.5% YoY.
Bank of America Stock Falls Due to Disappointing Q1 Results
Bank of America (NYSE:BAC) stock fell 6.5% in pre-market trading on Wednesday after the company reported its first-quarter financial results.
Higher Provisions Weigh on JPMorgan Chase’s Q1 Earnings
JPMorgan Chase (NYSE:JPM) reported lower-than-expected first-quarter numbers today. Higher provisions weighed on the bank’s profitability.
Is It Pointless to Look at Big Banks’ Q1 Earnings?
JPMorgan Chase will announce its first-quarter results before the markets open on April 14. Analysts expect the bank to post revenues of $29.7 billion.
Why Apple Has Been a Savior for Buffett and Berkshire
Berkshire Hathaway Class B shares have fallen 25% in 2020, while the S&P 500 has fallen 28.5%. Apple (NASDAQ:AAPL) is Berkshire Hathaway’s biggest holding.
Amazon Stock Rose 1,000% Due to Small Business Loans Program
Amazon is in talks to bring Goldman Sachs on board as a partner for its small business loans program called “Amazon Lending.”
JPMorgan Chase’s Q4 EPS Could See Stellar Growth
JPMorgan Chase is set to report its fourth-quarter earnings results before the market opens on January 14. We expect its revenue to improve year-over-year.
Boeing, Buffett, and Billions: Is the Moat Intact?
Yesterday, Boeing rose 0.41% on rumors that Warren Buffett might buy into the beleaguered plane maker. At 10:27 AM today, it was up about 1% at $334.62.
Why Citigroup’s Q4 Earnings Could Lift Its Stock
Citigroup will announce its fourth-quarter earnings before the markets open on January 14. The company’s revenue growth will likely accelerate.
Was 2019 a “Nightmare” for Warren Buffett and Berkshire?
Warren Buffett underperformed the stock markets last year. Berkshire Hathaway’s returns versus the S&P 500 were the worst since 2009.
L Brands Stock Up on Bank of America’s Bullish Stance
L Brands (LB) stock surged 7.8% on January 3 as Bank of America (BAC) upgraded it to “buy” from “neutral.” However, L Brands stock shrunk 29.4% in 2019.
Will Wells Fargo Stock Continue to Underperform in 2020?
On January 2, Baird downgraded Wells Fargo (WFC) stock to “underperform” from “neutral.” Baird has a target price of $50.
Goldman Sachs’ Best Stock Picks for 2020
Strategists at Goldman Sachs (GS) project Netflix (NFLX), T-Mobile (TMUS), and Coca-Cola (KO) to be among the best stock picks for 2020.
BofA Cut Boeing Target Price Due to Rising MAX Uncertainty
On Monday, Bank of America analyst Ronald Epstein lowered his target price on Boeing stock by $10 to $360. However, he maintained his “neutral” rating.
How to Make Money with Dividend Investing
If you’re an income investor, I’ve got a strategy for you. Dividend investing is a time-tested way to grow your account over the long haul.
JPMorgan Chase Stock: What Can Investors Expect?
Keefe Bruyette & Woods downgraded JPMorgan Chase stock to “market perform” from “outperform.” The firm increased the target price to $135 from $128.
Why is a BoAML Analyst Bullish on Intel after Headwinds?
Intel (INTC) stock is trading above $55, a level that was last seen in 2000. Also, Advanced Micro Devices (AMD) is trading above its 20-year high.
Ray Dalio, the Role of Credit, and the Economic Machine
Credit is the most important part of the economy, leading to increased spending, increased income levels, higher GDP, and faster productivity growth.
Raymond James Turns Bearish on Wells Fargo Stock
On December 2, Raymond James downgraded Wells Fargo to “underperform” from “market perform.” It expects revenue and margin headwinds to dent the stock.
What Berkshire Hathaway Really Does, Says Buffett
Berkshire Hathaway is a huge conglomerate with diverse operations. The company’s operations are complex, so let’s take an easy-to-understand approach.
BB&T and SunTrust Get Regulatory Nod to Merge
BB&T Corporation (BBT) and SunTrust Banks (STI) announced on November 19 that they’d received the necessary regulatory nod for their merger.
Goldman Sachs Settles Lawsuit but No “Mea Culpa”
Goldman Sachs (GS) settled a lawsuit that alleged it rigged bond prices. Also, Deutsche Bank agreed to pay a fine of $15 million to settle a lawsuit.
Roku Stock Gains as BofA Increases Target Price
Roku (ROKU) stock has risen more than 5% today after Bank of America (BAC) analyst Ziv Israel increased its target price from $150 to $160.
How Berkshire Hathaway’s Holdings Changed in Q3
On Thursday, Berkshire Hathaway (BRK.B) (BRK.A) released its third-quarter 13F. There were some surprises in the filing. The company took a new stake in RH.
American Airlines Stock: Why UBS Is Bearish
American Airlines (AAL) stock fell 3% yesterday after UBS analyst Myles Walton initiated coverage of the stock with a “sell” rating.
United Airlines Stock: Why UBS Says to ‘Buy’ It?
On Wednesday, UBS analyst Myles Walton said to “buy” United Airlines (UAL) stock for double-digit returns over the next year.
Wellington Management: Analyzing Its Top Holdings
Wellington Management filed its 13F on Wednesday. Based on the filing, the market value of total publicly traded securities was around $443.45 billion.
Berkshire Hathaway’s 13F: Will Buffett Surprise Us?
Berkshire Hathaway’s (BRK.B) (BRK.A) 13F filing should be out by tomorrow. Does Warren Buffett have a surprise up his sleeve?
Are Banks a Good Bet for Buffett and Berkshire?
Banks comprise around 30% of Warren Buffett’s portfolio by market value. Out of Berkshire Hathaway’s portfolio of 46 stocks, five are commercial banks.
J.P. Morgan Sees More Upside in These Two Bank Stocks
On Monday, J.P. Morgan raised its target price on Citigroup, Bank of America, and Wells Fargo stock. Citigroup and Bank of America shares closed higher.
Are Cryptocurrencies and PayPal a Risk for Banking?
Alternative options, such as cryptocurrencies or payment platforms like PayPal (PYPL), may impact banks in the long term. They are here to stay.
Why Bank Stocks Weren’t Impacted by Fed’s Rate Cut
Shares of large US banks including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo were trading in the green in the after-hours.
Understanding Banks’ Market and Reputational Risks
All banks face risks. Two key areas to understand are banks’ market risk and reputational risk. Here’s a summary of each type.
Citigroup Stock: Valuation Gap Indicates Further Upside
Analysts expect Citigroup’s (C) EPS to increase at a double-digit rate in the coming quarters, which makes its valuation lucrative.
Ford Sees a Deutsche Bank Downgrade: More to Come?
Ford delivered solid third-quarter results, beating expectations on both the top and bottom lines. Its revenue and EPS were $33.93 billion and $0.34.
Bank of America Stock: Analysts Are Upbeat
Most of the analysts covering Bank of America stock recommend a “buy.” On Tuesday, Atlantic Equities upgraded the stock to “overweight” from “neutral.”
Berkshire Hathaway: Will Bank of America Be Like Apple?
Berkshire Hathaway approached the Fed to increase its stake in Bank of America. The company added more Bank of America shares in the second quarter.
Bank of America: Strong Q3 Earnings, Falling Rate Concerns
Bank of America (BAC) had an impressive third-quarter performance. The bank’s revenues and earnings beat analysts’ expectations.
Will Bank of America Stock Keep Rising after Earnings?
Over the past few days, we’ve seen several bullish bets suggesting that Bank of America stock could keep climbing higher after earnings tomorrow.
GM Strike Negotiations in ‘Home Stretch’? Banks Weigh In
General Motors (GM) stock has been on a downtrend ever since United Automobile Workers called for a strike on September 16.
Why Southwest Excluded Hawaii from Its Fare Hike
JPMorgan Chase analyst Jamie Baker revealed on October 10 that Southwest Airlines had excluded Hawaiian flights from the recent fare hike across its network.
How Bank of America Became Buffett’s Berkshire Jewel
In 2011, Warren Buffett invested $5 billion in Bank of America (BAC). BAC is now Berkshire Hathaway’s second-largest holding and is worth about $27 billion.
Dow Jones Falls by 300 Points, S&P 500 Falls 1.33% Today
The markets are trading lower today. The Dow Jones Industrial Average Index has fallen by 300 points or 1.14% at the time of this writing.
BofA and Credit Suisse Differ on Equity Market
On October 1, Credit Suisse’s Suresh Tantia told CNBC that the equity market will rebound from the current levels. However, the S&P 500 declined by 1.2%
Boeing to Miss Aircraft Delivery Aim by 50% on MAX Woes
Boeing (BA) will fall short of its 2019 aircraft delivery target by over 50%, according to Jefferies analyst Sheila Kahyaoglu.
Southwest’s Pilot Union: MAX Crisis Might Last until March
On Monday, Southwest Airlines’ (LUV) pilot union warned that the airline might not resume Boeing (BA) 737 MAX services in January 2020.
Southwest Airlines Stock Up 18% This Year: What’s Next?
Southwest Airlines (LUV) stock, which has been impacted by labor disputes and Boeing’s (BA) 737 MAX crisis, has managed to rebound.
Airline Stocks: Bank of America Analyst Is More Selective
Bank of America (BAC) analyst Andrew Didora has become more selective on airline stocks. He upgraded Southwest Airlines (LUV).
Will the Rate Cut Force Trump to Abandon the Trade War?
In a second consecutive instance of monetary easing, the Fed cut the federal funds rate by 25 basis points to 1.75%–2% yesterday.
Soros Exits, Buffet Increases: Who Is Right on Apple?
In Q4 2018, legendary investor George Soros sold all his holding in Apple (AAPL). In Q3 2018, Apple represented around 0.2% of his total portfolio.
US Banking Sector: Key Trends and Outlook
Changes in technology have reshaped the banking sector. Banks are increasingly collaborating with fintech firms to improve their customer service.
An Overview of the US Banking Sector
The banking sector plays a pivotal role in our daily lives. This series explores the sector, its driving factors, and its key indicators and latest trends.
JPMorgan and Bank of America: Time to Buy Stocks
In August, JPMorgan Chase (JPM) and Bank of America Merrill Lynch (BAC) suggested that investors not buy just yet. Their opinions are now changing.
Bank Stocks Falter despite Buffett’s Backing
Warren Buffett is betting big on bank stocks. Banks stock had an impressive financial performance in the first half of the year.
Investors’ Obsession with Yield Curve Inversion
You’ve likely heard about it in the financial press recently: this ominous, notorious thing called the “yield curve inversion.”
Kudlow Doesn’t See a Recession, Trump Might Fear One
White House economic advisor Larry Kudlow doesn’t see a looming recession. However, recession fears grew as the yield curve inverted last week.
Berkshire Hathaway 13F: Warren Buffett Played It Safe
There weren’t any real surprises in Berkshire Hathaway’s 13F for the second quarter. In some ways, the 13F replicated the first quarter.
Bank Stocks Fell Due to Recession Fears
Major US bank stocks had a rough day on Wednesday. Notably, recession fears gripped the overall market. Investors shouldn’t rush to buy bank stocks.
Fed’s Rate Cut Weighed on Big Banks’ Stocks
The Fed announced a 25 basis point rate cut on Wednesday to a target range of 2%–2.25%. The Fed’s rate cut came after more than a ten-year hiatus.
How Warren Buffett’s Banking Investments Look after Q2
Warren Buffet loves banking stocks. Out of his current portfolio of 47 stocks, five are commercial banks, including two regional banks.
Should Warren Buffett Be Adding Banking Stocks?
In a regulatory filing, Berkshire Hathaway (BRK-B) revealed that it had increased its stake in Bank of America (BAC).
Bank of America Posts Mixed Q2 Results Amid Rate Cut Concerns
On Wednesday, Bank of America (BAC) reported mixed second-quarter results. The bank’s profitability beat analysts’ expectation.
What to Expect from Big Banks’ Earnings This Week
Many big banks in the US plan to announce their second-quarter earnings this week.
Is the US Federal Reserve behind the Curve on Rate Cuts?
On July 2, Australia’s central bank lowered its benchmark interest rate by 25 basis points to a record low of 1%. The bank lowered rates in June as well.
Banks Reward Shareholders after Stress Test Results
The banking industry’s stress tests are significant this year. Several observers, including leading banks, expect a recession.
Bank of America CEO Calls for Cashless Society: The Libra Effect?
Speaking at the Fortune Brainstorm Conference on June 19, Bank of America (BAC) CEO Brian Moynihan spoke in support of a cashless society. He said that the second-largest bank in the US has “more to gain than anybody” from such a scenario.
Berkshire’s Portfolio: How Did BAC and WFC Perform in May?
May was a dismal month for banking stocks.
C, MS, and BAC: Top Banks Tumbled More than 4%
Top banking stocks, including Citigroup and Bank of America, were hit hard on May 13 amid heightened fears of a full-blown trade war.
Bank of America’s Asset Quality, Efficiency, and Earnings
Bank of America’s (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter.
Bank of America: Analysts’ Recommendations and Target Price
Among the 31 analysts tracking Bank of America, 18 recommended a “buy,” while 13 recommended a “hold.”
Analyzing Bank of America’s Revenues in Q1
Bank of America (BAC) posted total revenues of $23.0 billion. The revenues were roughly flat compared to the same period in 2018.
Morgan Stanley’s Valuation and Target Prices
Morgan Stanley (MS) is trading at a forward PE ratio of 9.6x, which is ~16% lower than its five-year average PE ratio.
Goldman Sachs: Valuation, Outlook, and Price Targets
Goldman Sachs (GS), which reported a drop in its Q1 earnings on April 15, outlined a series of efforts to improve its earnings in the coming quarters.
Lower Q1 Revenue Drags Goldman Sachs Stock Down
Goldman Sachs (GS) posted mixed first-quarter results yesterday, with its revenue missing analysts’ estimate.
What to Expect from Bank of America Stock
Bank of America (BAC) has impressed investors with its strong performance both on the sales and earnings front in the past several quarters.
How Did Bank of America Fare in the First Quarter?
Bank of America (BAC) posted mixed first-quarter results today.
Where Citigroup Stock Could Be Heading
Growth in lending and higher deposits are expected to drive Citigroup’s net interest income even in the absence of a rate hike.
JPMorgan Chase Stock: What to Expect in the Future
As of April 11, JPMorgan Chase stock has underperformed the benchmark index. The shares were trading 2.5% higher early on April 12.
JPMorgan Chase Reported Strong Q1 Numbers
JPMorgan Chase (JPM) reported stronger-than-expected first-quarter numbers on April 12. The bank beat analysts’ estimate.
Where Union Pacific Stock Could Be Heading
Union Pacific stock (UNP) is up ~21% YTD as of April 11 and has outperformed the broader market.
Bank of America Stock: Why Analysts Are Bullish
Bank of America’s (BAC) impressive financial performance in the past several quarters and its ability to sustain growth momentum in loans and deposits makes analysts positive on its stock.
Will Bank of America Continue to Beat Estimates?
Bank of America (BAC) is slated to announce its first quarter results on Tuesday, April 16.
Citigroup: What to Expect in Q1
Citigroup (C) is scheduled to announce its first-quarter results before the markets open on April 15.
What Analysts Recommend for JPM ahead of Q1 Results
Increased volatility and persisting challenges in trading-related products continue to hurt the top line of banks in the US.
Why Analysts Have Low Growth Expectations for JPM in Q1
JPMorgan Chase (JPM) is expected to announce its first-quarter results before the markets open on Friday, April 12.
Dow Closes in the Red due to Plunge in Boeing Stock
The Dow’s underperformance yesterday was mainly due to the plunge in Boeing (BA).
Berkshire Hathaway’s Banking Holdings in Q1
Among Berkshire Hathaway’s financial holdings, JPMorgan Chase was the worst performer, while Goldman Sachs was the top performer.
How Warren Buffett Views Apple’s Big Bets on Payment Industry
Earlier this week, Apple (AAPL) announced new services including video streaming, a gaming subscription, and a credit card in partnership with Goldman Sachs (GS).
Analyst: FedEx Could Boost Its Stock with Increased Buybacks
Shares of FedEx (FDX) are up 1.6% today after an analyst predicted that the company might announce an increase in its share repurchases.
Boeing Gains on Reports of Early Software Fix for 737 MAX
Boeing (BA) gained 1.5% last Friday following a report that the airplane manufacturer could come up with a software fix for its 737 MAX jets sooner than expected.
PayPal Ups Its Competition with Expanded Card Variety
It’s been a tit-for-tat scenario for PayPal (PYPL) and Square (SQ) in the mobile peer-to-peer payment market.
Was Buffett’s Right Hand, Charlie Munger, Right about Elon Musk?
In the previous part of this series, we discussed why Tesla’s (TSLA) CEO, Elon Musk, might be on the verge of more trouble.
Square Isn’t Hurting from Rise of PayPal’s Venmo
PayPal reported that Venmo’s transaction volume soared 80% year-over-year to $19 billion in the quarter.
Warren Buffett Disagrees with President Trump
In Buffett’s annual shareholder letter, he took shots at President Trump without actually naming him.
Etsy Bets Investors Will Choose a Good Name over Riches
Etsy (ETSY) appears to be betting that investors will prefer it investing in safeguarding its reputation rather than driving revenue growth.
Could Warren Buffett’s Views on Bitcoin Change?
Berkshire Hathaway (BRK-B) chair Warren Buffett has never been a fan of cryptocurrencies like bitcoin.
‘Weapons of Mass Destruction’ Cost Berkshire $300 Million in 2018
In his 2002 shareholder letter, Berkshire Hathaway (BRK-B) chair Warren Buffett shared his views on derivatives.
Why Warren Buffett Abandoned an Age-Old Practice This Year
Warren Buffett said, “For nearly three decades, the initial paragraph featured the percentage change in Berkshire’s per-share book value. It’s now time to abandon that practice.”
How Warren Buffett’s Investment Philosophy Has Evolved
Berkshire Hathaway trimmed stakes in Apple, Wells Fargo, Southwest Airlines, United Continental, Phillips 66, and Charter Communications in the fourth quarter.