Bank Of America Corp.

Bank of America (NYSE:BAC) stock fell 3.1% in pre-market trading today after the company reported its second-quarter results.

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 (NYSE:BAC) stock fell 6.5% in pre-market trading on Wednesday after the company reported its first-quarter financial results.

JPMorgan Chase (NYSE:JPM) reported lower-than-expected first-quarter numbers today. Higher provisions weighed on the bank’s profitability.

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.

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 is in talks to bring Goldman Sachs on board as a partner for its small business loans program called “Amazon Lending.”

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.

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.

Citigroup will announce its fourth-quarter earnings before the markets open on January 14. The company’s revenue growth will likely accelerate.

Warren Buffett underperformed the stock markets last year. Berkshire Hathaway’s returns versus the S&P 500 were the worst since 2009.

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.

On January 2, Baird downgraded Wells Fargo (WFC) stock to “underperform” from “neutral.” Baird has a target price of $50.

Strategists at Goldman Sachs (GS) project Netflix (NFLX), T-Mobile (TMUS), and Coca-Cola (KO) to be among the best stock picks for 2020.

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.

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.

Keefe Bruyette & Woods downgraded JPMorgan Chase stock to “market perform” from “outperform.” The firm increased the target price to $135 from $128.

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.

Credit is the most important part of the economy, leading to increased spending, increased income levels, higher GDP, and faster productivity growth.

On December 2, Raymond James downgraded Wells Fargo to “underperform” from “market perform.” It expects revenue and margin headwinds to dent the stock.

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 Corporation (BBT) and SunTrust Banks (STI) announced on November 19 that they’d received the necessary regulatory nod for their merger.

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 (ROKU) stock has risen more than 5% today after Bank of America (BAC) analyst Ziv Israel increased its target price from $150 to $160.

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 (AAL) stock fell 3% yesterday after UBS analyst Myles Walton initiated coverage of the stock with a “sell” rating.

On Wednesday, UBS analyst Myles Walton said to “buy” United Airlines (UAL) stock for double-digit returns over the next year.

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 (BRK.B) (BRK.A) 13F filing should be out by tomorrow. Does Warren Buffett have a surprise up his sleeve?

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.

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.

Alternative options, such as cryptocurrencies or payment platforms like PayPal (PYPL), may impact banks in the long term. They are here to stay.

Shares of large US banks including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo were trading in the green in the after-hours.

All banks face risks. Two key areas to understand are banks’ market risk and reputational risk. Here’s a summary of each type.

Analysts expect Citigroup’s (C) EPS to increase at a double-digit rate in the coming quarters, which makes its valuation lucrative.

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.

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 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 (BAC) had an impressive third-quarter performance. The bank’s revenues and earnings beat analysts’ expectations.

Over the past few days, we’ve seen several bullish bets suggesting that Bank of America stock could keep climbing higher after earnings tomorrow.

General Motors (GM) stock has been on a downtrend ever since United Automobile Workers called for a strike on September 16.

JPMorgan Chase analyst Jamie Baker revealed on October 10 that Southwest Airlines had excluded Hawaiian flights from the recent fare hike across its network.

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.

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.

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 (BA) will fall short of its 2019 aircraft delivery target by over 50%, according to Jefferies analyst Sheila Kahyaoglu.

On Monday, Southwest Airlines’ (LUV) pilot union warned that the airline might not resume Boeing (BA) 737 MAX services in January 2020.

Southwest Airlines (LUV) stock, which has been impacted by labor disputes and Boeing’s (BA) 737 MAX crisis, has managed to rebound.

Bank of America (BAC) analyst Andrew Didora has become more selective on airline stocks. He upgraded Southwest Airlines (LUV).

In a second consecutive instance of monetary easing, the Fed cut the federal funds rate by 25 basis points to 1.75%–2% yesterday.

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.

Changes in technology have reshaped the banking sector. Banks are increasingly collaborating with fintech firms to improve their customer service.

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.

In August, JPMorgan Chase (JPM) and Bank of America Merrill Lynch (BAC) suggested that investors not buy just yet. Their opinions are now changing.

Warren Buffett is betting big on bank stocks. Banks stock had an impressive financial performance in the first half of the year.

You’ve likely heard about it in the financial press recently: this ominous, notorious thing called the “yield curve inversion.”

White House economic advisor Larry Kudlow doesn’t see a looming recession. However, recession fears grew as the yield curve inverted last week.

There weren’t any real surprises in Berkshire Hathaway’s 13F for the second quarter. In some ways, the 13F replicated the first quarter.

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.

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.

Warren Buffet loves banking stocks. Out of his current portfolio of 47 stocks, five are commercial banks, including two regional banks.

In a regulatory filing, Berkshire Hathaway (BRK-B) revealed that it had increased its stake in Bank of America (BAC).

On Wednesday, Bank of America (BAC) reported mixed second-quarter results. The bank’s profitability beat analysts’ expectation.

Many big banks in the US plan to announce their second-quarter earnings this week.

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.

The banking industry’s stress tests are significant this year. Several observers, including leading banks, expect a recession.

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.

May was a dismal month for banking stocks.

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 (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter.

Among the 31 analysts tracking Bank of America, 18 recommended a “buy,” while 13 recommended a “hold.”

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 (MS) is trading at a forward PE ratio of 9.6x, which is ~16% lower than its five-year average PE ratio.

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.

After Goldman Sachs (GS) posted mixed first-quarter results yesterday, KBW lowered its target price to $210 from $215, and BMO reduced it to $260 from $262.

Goldman Sachs (GS) posted mixed first-quarter results yesterday, with its revenue missing analysts’ estimate.

Bank of America (BAC) has impressed investors with its strong performance both on the sales and earnings front in the past several quarters.

Bank of America (BAC) posted mixed first-quarter results today.

Despite frequent criticism from Trump, the Fed went ahead with four rate hikes last year.

Growth in lending and higher deposits are expected to drive Citigroup’s net interest income even in the absence of a rate hike.

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 (JPM) reported stronger-than-expected first-quarter numbers on April 12. The bank beat analysts’ estimate.

Union Pacific stock (UNP) is up ~21% YTD as of April 11 and has outperformed the broader market.

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.

Bank of America (BAC) is slated to announce its first quarter results on Tuesday, April 16.

Among the 28 analysts covering Citigroup, 22 recommended a “buy,” five recommended a “hold,” and one recommended a “sell.”

Citigroup (C) is scheduled to announce its first-quarter results before the markets open on April 15.

Increased volatility and persisting challenges in trading-related products continue to hurt the top line of banks in the US.

JPMorgan Chase (JPM) is expected to announce its first-quarter results before the markets open on Friday, April 12.

The Dow’s underperformance yesterday was mainly due to the plunge in Boeing (BA).

Among Berkshire Hathaway’s financial holdings, JPMorgan Chase was the worst performer, while Goldman Sachs was the top performer.

Earlier this week, Apple (AAPL) announced new services including video streaming, a gaming subscription, and a credit card in partnership with Goldman Sachs (GS).

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 (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.

It’s been a tit-for-tat scenario for PayPal (PYPL) and Square (SQ) in the mobile peer-to-peer payment market.

In the previous part of this series, we discussed why Tesla’s (TSLA) CEO, Elon Musk, might be on the verge of more trouble.

PayPal reported that Venmo’s transaction volume soared 80% year-over-year to $19 billion in the quarter.

In Buffett’s annual shareholder letter, he took shots at President Trump without actually naming him.

Etsy (ETSY) appears to be betting that investors will prefer it investing in safeguarding its reputation rather than driving revenue growth.