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.
美國銀行公司（NYSE：BAC）週二公佈了比預期更好的第二季度業績。
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.
根據《貝寧薩普羅》的數據，該公司發佈了2024財年第二季度淨收入69億美元，每股收益83美分，超出分析師共識預期的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.
淨營業收入爲255.4億美元，淨利息收入減去利息費用，同比增長0.8％，超過分析師預估的252.2億美元。
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.
淨利差是137億美元（同比下降3.0%），由於存款成本上漲超過了資產收益率和適度的貸款增長，因而淨利差下降。非利息收入爲117億美元（同比增長6.0%）。貸款損失準備金爲15億美元，低於去年的11億美元。
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."
首席財務官阿拉斯泰爾·博斯威克表示：“我們宣佈計劃將季度普通股股息每股增加8%，至26美分，待董事會批准。”
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.
美國銀行表示，預計第四季度淨利潤約爲145億美元。它預計利率下調25個點子。
Bank of America shares fell 0.4% to trade at $43.96 on Wednesday.
週三，美國銀行股價下跌0.4%，報43.96美元。
These analysts made changes to their price targets on Bank of America after the company released quarterly results.
這些分析師在公司發佈季度業績後對美國銀行的價格目標做出了調整。
- 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資本分析師傑裏德·卡西迪（Gerard Cassidy）維持美國銀行的“跑贏大盤”評級，並將價格目標從39美元提高至46美元。
- Keefe、Bruyette&Woods分析師大衛·康拉德（David Konrad）重申了該股票的“跑贏大盤”評級，同時將價格目標從46美元提高至48美元。
- Evercore ISI Group分析師格倫·肖爾（Glenn Schorr）維持美國銀行的“跑贏大盤”評級，將價格目標從43美元上調到46美元。
- 巴克萊銀行分析師傑森·戈德伯格（Jason Goldberg）維持該股票的“超配”評級，將價格目標從43美元上調至49美元。
- 摩根士丹利的分析師貝茨·格拉賽克（Betsy Graseck）維持對美國銀行的“超配”評級，將價格目標從44美元上調至46美元。
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