These Analysts Boost Their Forecasts On Bank of America Following Better-Than-Expected Earnings
These Analysts Boost Their Forecasts On Bank of America Following Better-Than-Expected Earnings
Bank of America Corp (NYSE:BAC) reported better-than-expected second-quarter results on Tuesday.
美国银行公司（NYSE：BAC）周二公布了比预期更好的第二季度业绩。
The company posted second-quarter fiscal 2024 net income of $6.9 billion and EPS of 83 cents, beating the analyst consensus estimate of 80 cents, according to data from Benzinga Pro.
根据《贝宁萨普罗》的数据，该公司发布了2024财年第二季度净收入69亿美元，每股收益83美分，超出分析师共识预期的80美分。
Revenue, net of interest expense, increased 0.8% year-over-year to $25.54 billion, beating the analyst consensus estimate of $25.22 billion.
净营业收入为255.4亿美元，净利息收入减去利息费用，同比增长0.8％，超过分析师预估的252.2亿美元。
The net interest income was $13.7 billion (-3.0% Y/Y), as higher deposit costs more than offset higher asset yields and modest loan growth. Noninterest income was $11.7 billion (+6.0% Y/Y). Provision for credit losses was $1.5 billion, compared to $1.1 billion a year ago.
净利差是137亿美元（同比下降3.0%），由于存款成本上涨超过了资产收益率和适度的贷款增长，因而净利差下降。非利息收入为117亿美元（同比增长6.0%）。贷款损失准备金为15亿美元，低于去年的11亿美元。
CFO Alastair Borthwick said, "We announced plans for an eight percent increase in our quarterly common stock dividend, to 26 cents per share, pending Board approval."
首席财务官阿拉斯泰尔·博斯威克表示：“我们宣布计划将季度普通股股息每股增加8%，至26美分，待董事会批准。”
Bank of America said it sees net interest income of ~$14.50 billion in the fourth quarter. It assumes a 25 bps interest rate cut.
美国银行表示，预计第四季度净利润约为145亿美元。它预计利率下调25个基点。
Bank of America shares fell 0.4% to trade at $43.96 on Wednesday.
周三，美国银行股价下跌0.4%，报43.96美元。
These analysts made changes to their price targets on Bank of America after the company released quarterly results.
这些分析师在公司发布季度业绩后对美国银行的价格目标做出了调整。
- RBC Capital analyst Gerard Cassidy maintained Bank of America with an Outperform rating and raised the price target from $39 to $46.
- Keefe, Bruyette & Woods analyst David Konrad reiterated the stock with an Outperform rating, while increasing the price target from $46 to $48.
- Evercore ISI Group analyst Glenn Schorr maintained Bank of America with an Outperform rating, while raising the price target from $43 to $46.
- Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and boosted the price target from $43 to $49.
- Morgan Stanley analyst Betsy Graseck maintained Bank of America with an Overweight rating and raised the price target from $44 to $46.
- RBC资本分析师杰里德·卡西迪（Gerard Cassidy）维持美国银行的“跑赢大盘”评级，并将价格目标从39美元提高至46美元。
- Keefe、Bruyette&Woods分析师大卫·康拉德（David Konrad）重申了该股票的“跑赢大盘”评级，同时将价格目标从46美元提高至48美元。
- Evercore ISI Group分析师格伦·肖尔（Glenn Schorr）维持美国银行的“跑赢大盘”评级，将价格目标从43美元上调到46美元。
- 巴克莱银行分析师杰森·戈德伯格（Jason Goldberg）维持该股票的“超配”评级，将价格目标从43美元上调至49美元。
- 摩根士丹利的分析师贝茨·格拉赛克（Betsy Graseck）维持对美国银行的“超配”评级，将价格目标从44美元上调至46美元。
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