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On this point, Bank of America is trading at 13.6 times its consensus 2024 earnings per share of $3.22, as a forward price-to-earnings (P/E) ratio, and 1.3 times its book value. Both of these ...
The stock market has had a stellar run in 2023, and the equity strategy team at Bank of America expects another strong year in 2024 will send the S&P 500 ( ^GSPC) to a record high of 5,000. In a ...
According to Moynihan, Bank of America’s 60 million retail customers are spending 3% more than they did this time last year, but that rate of growth represents half of what it once was following ...
July 31, 2024 at 7:10 AM. Bank of America (NYSE: BAC), one of the largest financial institutions in the world, has underperformed the broader S&P 500 over the past five years. That's certainly not ...
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank ...
The Bank of America boss said that at this time last year, the bank's team of analysts expected the economy to slide into a recession – generally defined as a decline in gross domestic product ...
Bank of America expects home prices will increase by 4.5% this year and another 5% in 2025. A modest decline of 0.5% is anticipated in 2026. Flat new home construction is expected to exacerbate ...
Brian Thomas Moynihan (born October 9, 1959) [ 1] is an American lawyer, investment banker and businessman who is the chairman and CEO of Bank of America. He joined the board of directors, following his promotion to president and CEO in 2010. [ 2][ 3][ 4] He is a member of the Council on Competitiveness [ 5] and Partnership for Rhode Island ...