Goldman Sachs, Morgan Stanley and Bank of America Continued The Strong Trend With Their Second Quarter Financials
On Monday, bank earnings continued with The Goldman Sachs Group Inc (NYSE:GS), also joining the trend of topped profit and revenue estimates on the back of better-than-expected fixed income results
Phillip Securities Downgrades Bank of America(BAC.US) to Hold Rating, Raises Target Price to $45
Phillip Securities analyst Glenn Thum downgrades $Bank of America(BAC.US)$ to a hold rating, and adjusts the target price from $40.82 to $45.According to TipRanks data, the analyst has a success
Bank of America Merrill Lynch Securities: Maintains Buy rating for Shenzhou International Group Holdings Limited unsponsored ADR, with a target price of HKD 93.5.
Bank of America Securities released a research report stating that the decline in the stock price of Shenzhou International (02313) from the June high may be due to Nike's guidance reduction and tariffs. The report believes that many of the concerns of investors are somewhat exaggerated and that the company has an attractive risk-return profile, especially after the sell-off. The target price is HKD 93.5 and the rating is maintained as "buy". The bank expects the company's gross margin to recover to over 28% in the first half of this year and to recover to 30% at some point in the second half of this year. The bank still believes that the company's profit growth in the first half of this year may be significantly higher than the income growth. Nike's guidance reduction has caused many concerns and has already had a negative
Two officials of the Federal Reserve indicated that it is necessary to reform the discount window tool.
Boorman, a director of the Federal Reserve, and Logan, the president of the Dallas Federal Reserve, suggested that the Federal Reserve should assess to what extent its emergency lending tools can meet the liquidity needs of the banking system, implying the need to reform the discount window.
Netflix executives interpret Q2 financial reports: free cash flow is expected to remain around $6 billion this year.
Netflix announced its second quarter financial report today: revenue of $9.559 billion, an increase of 16.8% year-on-year; net income of $2.147 billion, an increase of 44% year-on-year; diluted earnings per share were $4.88, a growth from $3.29 in the same period last year.
Top 20 US stock trading volume on July 18: a well-known analyst said that orders for the Apple iPhone 16 may not have increased.
On Thursday, Nvidia, the top-performing stock in trading volume, rose 2.8%, partially recovering from the huge losses suffered on Wednesday, with a transaction value of $38.113 billion. As of the close of trading on Thursday, the stock had fallen more than 6.3% and may record a decline this week. Tesla, in second place, rose 0.29%, with a transaction value of $27.806 billion. According to the California New Car Dealers Association (CNCDA), Tesla's sales in California in the second quarter of 2024 sharply fell by 24%. The CNCDA reported on Thursday that Tesla's car registration in California has dropped 17% so far this year compared to last year, despite Tesla's.
Fed's Lael Brainard calls for raising the federal deposit insurance limit for deposit insurance companies.
Lorie Logan, president of the Federal Reserve Bank of Dallas, said that the current federal deposit insurance limit may be too low, especially after last year's turmoil in the US banking system. She said that since Congress last raised the limit to $250,000 in 2008, the economy has grown significantly, and added that if the limit were increased in line with nominal GDP, today's limit would be close to $500,000. The need for protection after the collapse of Silicon Valley Bank and Signature Bank also indicates that this limit is too low. Logan said in a speech at a meeting of the Federal Reserve Bank of Dallas on Thursday, "This is obviously in the bank."
Bank of America Options Spot-On: On July 18th, 257.19K Contracts Were Traded, With 3.37 Million Open Interest
On July 18th ET, $Bank of America(BAC.US)$ had active options trading, with a total trading volume of 257.19K options for the day, of which put options accounted for 45.7% of the total transactions,
10 Financials Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
Fast Racing Will Be on Display at the 2024 Bank of America Chicago Marathon
Bank of America Is Maintained at Market Perform by BMO Capital
Bank of America Is Maintained at Market Perform by BMO
Bank of America Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/18/2024 -9.07% BMO Capital $38 → $40 Maintains Market Perform 07/17/2024 4.57% Morgan Stanley $44 → $46
A Quick Look at Today's Ratings for Bank of America(BAC.US), With a Forecast Between $46 to $49
On Jul 18, major Wall Street analysts update their ratings for $Bank of America(BAC.US)$, with price targets ranging from $46 to $49.Morgan Stanley analyst Betsy Graseck maintains with a buy rating,
Express News | Bank of America : BMO Raises Target Price to $40 From $38
Oppenheimer Adjusts Price Target on Bank of America to $49 From $46, Maintains Outperform Rating
Bank of America (BAC) has an average outperform rating and a price target range of $37.50 to $52, according to analysts polled by Capital IQ.Price: 43.97, Change: -0.01, Percent Change: -0.02
The Bank of America Corporation (NYSE:BAC) Second-Quarter Results Are Out And Analysts Have Published New Forecasts
Investors in Bank of America Corporation (NYSE:BAC) had a good week, as its shares rose 5.4% to close at US$43.98 following the release of its second-quarter results. Bank of America reported
RBC Capital raises Bank of America's target price to 46 dollars.
RBC Capital has raised its target price for Bank of America from $39 to $46 and maintains an "outperform" rating relative to the large cap market.
Bank Stocks Celebrate Return of M&A, Ignore the Health of the Consumer -- Barrons.com
By Rebecca Ungarino Wall Street is back. Main Street? Not so much. That's the big takeaway after the largest U.S. financial institutions reported this earnings season. JPMorgan Chase, Citigroup,
In the second quarter, the investment banking industry in the USA achieved the best performance in two years.
In the second quarter, the investment banking business of the five major banks achieved a total revenue of 8.2 billion US dollars, a year-on-year increase of 40%. Morgan Stanley said that it is now in the early stage of investment banking business recovery.
Bank of America Options Spot-On: On July 17th, 231.15K Contracts Were Traded, With 3.31 Million Open Interest
On July 17th ET, $Bank of America(BAC.US)$ had active options trading, with a total trading volume of 231.15K options for the day, of which put options accounted for 43.72% of the total transactions,