For Bank of America, digital channels have represented avenues of continued growth, making inroads with credit card spending in particular.According to management, there’s still room left for consumers to keep spending on those cards.The company said in a second-quarter 2024 earnings release that 53% of its consumer sales were made through digital channels in the quarter, up from 51%.The average deposits in the period stood at $949 billion, down 6% from a year ago, supplemental materials revealed. The compa ...

财务数据和关键指标变化 - 公司本季度净收入为69亿美元,每股摊薄收益0.83美元 [8] - 费用收入占总收入的46%,同比增长6% [9] - 资产管理费收入增长14%,投行费用收入增长29%,交易收入增长7% [10] 各条业务线数据和关键指标变化 - 消费者业务净收入26亿美元,同比下降9% [58] - 财富管理业务净收入10亿美元,同比增长5% [62] - 全球银行业务净收入21亿美元,同比下降20% [66] - 全球市场业务净收入14亿美元,同比增长19% [69] 各个市场数据和关键指标变化 - 消费者业务新增27.8万个活跃支票账户,过去6个月新增50万个 [12] - 财富管理业务新增6,100个客户关系 [13] - 商业银行新增数千家小企业和数百家商业银行客户 [13] 公司战略和发展方向及行业竞争 - 公司持续专注于客户中心战略,提供个性化金融解决方案和优质客户服务,吸引新客户并提高客户忠诚度 [14] - 公司持续投资数字化能力,消费者移动银行应用拥有4700万活跃用户,数字渠道销售占比53% [15][16] - 公司在零售存款、财富管理和投行等领域持续投资,提升市场份额 [18][19][20][21] 管理层对经营环境和未来前景的评论 - 公司认为第二季度净息差将是当前利率周期的低谷,预计第三季度和第四季度将会改善 [26][27] - 公司预计下半年消费者信贷减值损失将低于上半年 [28][31] - 公司对长期发展前景保持信心,认为专注于客户、创新和战略投资将持续推动长期成功 [32] 其他重要信息 - 公司资本充足,CET1资本充足率为11.9%,高于监管要求 [24][36] - 公司宣布将在董事会批准后将季度股息增加8% [25] - 公司预计2024年第四季度净息差将达到约14.5亿美元,同比增长4%-5% [75] 问答环节重要的提问和回答 问题1 **Glenn Schorr 提问** 您提到第四季度净息差将同比增长4%-5%,但市场普遍预期2024年净息差将持平,这是否合理? [79] **Alastair Borthwick 回答** 我们一直表示第二季度将是当前利率周期的低谷,从第三季度开始净息差将会改善。我们已经详细阐述了各项因素对净息差的影响,包括固定资产重定价、掉期到期等,市场预期可能还没有完全反映这些因素。我们会在未来几个季度继续更新市场。 [81][82] 问题2 **Mike Mayo 提问** 您提到第二半年信贷减值损失将低于上半年,这是指信用卡还是整体? 另外,您认为公司的净息差水平是否偏低,正常水平应该是多少,ROE目标是多少? [100][105][106][107] **Brian Moynihan 回答** 我们预计信用卡减值损失将在下半年趋于稳定,因为逾期率已经企稳。商业贷款中的办公楼贷款减值也将下降。我们认为正常的净息差水平应该在2.3%-2.4%左右,ROE目标是15%以上。我们有足够的资本缓冲来支持业务增长,剩余部分将通过股息和回购返还给股东。 [107][108][170] 问题3 **Betsy Graseck 提问** 您提到2025年下半年掉期到期将带来净息差改善,请问这部分掉期的规模和影响时间如何? [113][115][117] **Alastair Borthwick 回答** 2025年下半年开始,我们较早期的一些较低利率掉期将陆续到期,这部分规模约为1500亿美元。到期后我们将以当时的较高利率重新置换,这将带来净息差的改善。具体影响金额将取决于届时的收益率曲线水平。我们会在未来继续为您提供更多细节。 [116][117][119][120]

Loading...Loading...Goldman Sachs analyst Richard Ramsden reiterated a Buy rating on Bank Of America Corp BAC with a price target of $45.Bank of America reports fiscal 2024 second-quarter net income of $6.9 billion, beating estimates. Revenue increases 0.8% year over year to $25.5 billion, surpassing expectations.Bank of America anticipates net interest income of ~$14.50 billion in the fourth quarter.Ramsden noted the results as slightly better than expectations, given a core Pre-provision Net Revenue (PPNR ...

Loading...Loading...U.S. stocks traded mostly higher midway through trading, with the Dow Jones index surging more than 550 points on Tuesday.The Dow traded up 1.41% to 40,779.92 while the NASDAQ fell 0.05% to 18,463.13. The S&P 500 also rose, gaining, 0.35% to 5,651.05.Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Industrials Stocks Delivering High-Dividend YieldsLeading and Lagging SectorsIndustrials shares jumped by 2% on Tuesday.In trading on Tuesday, information technology shares f ...

We hit the ground running in this morning’s pre-market. Q2 earnings season for the next four weeks will bring us key performance numbers from all manner of publicly traded equities, while key economic data helps us interest-rate prognosticators keep tabs on the odds of a pending interest rate cut. The Dow, coming off an all-time closing high yesterday, is up another +150 points at the hour, the S&P 500 is +16 and the Nasdaq is +62 points at this hour.If we’re hoping for a July rate cut, we can uncross our f ...

Earnings season is here again, and kicking it off are financial stocks like the commercial and investment banks that most people avoid due to their complex business models. However, as these banking stocks start to report their quarterly figures, investors can get a feel for how the sector is doing and gain insight into how the rest of the economy is doing as a whole.Bank of America TodayBACBank of America$43.76 +1.87 (+4.46%) 52-Week Range$24.96▼$44.23Dividend Yield2.19%P/E Ratio15.14Price Target$40.41Add ...

Tuesday, July 16th, 2024We hit the ground running in this morning’s pre-market. Q2 earnings season for the next four weeks will bring us key performance numbers from all manner of publicly traded equities, while key economic data helps us interest-rate prognosticators keep tabs on the odds of a pending interest rate cut. The Dow, coming off an all-time closing high yesterday, is up another +150 points at the hour, the S&P 500 is +16 and the Nasdaq is +62 points at this hour.If we’re hoping for a July rate c ...

会议主要讨论的核心内容 - 公司在第二季度取得了成功,体现了业务多元化和团队的奉献精神 [1][2] - 公司的有机增长引擎持续为各业务带来客户和活动 [2][3] - 公司在数字化解决方案、战略投资和整合流程方面持续发力 [3][4][5] - 公司的资本实力使其能够为所有利益相关方创造价值 [6] - 公司预计第三季度和第四季度的净利息收入将会增长 [6][9] - 公司的存款和贷款增长预计将保持在个位数水平,存款利率上升的速度也将放缓 [9][10][11] 问答环节重要的提问和回答 问题1 **Glenn Shore 提问** 即使公司第四季度的净利息收入有4%的增长,但目前市场普遍预期公司2024年全年的净利息收入将保持平稳,这是否合理? [17][18] **公司回答** 公司认为第二季度是净利息收入的低谷,从这里开始将会呈现增长态势。公司已经详细阐述了各项因素对净利息收入的影响,市场可以根据这些因素做出自己的判断。公司将在未来几个季度继续更新相关情况。 [18][19][20] 问题2 **Mike Mayo 提问** 公司目前的净利差只有1.93%,这是否意味着公司正在低收益? 公司认为什么样的净利差和资本回报率才是正常水平? [22][23] **公司回答** 公司认为目前的净利差确实偏低,未来将会逐步提升至2.30%-2.40%的正常水平。这需要一个循序渐进的过程。公司的资本回报率目标是达到15%以上,目前略低于这一水平,主要是因为公司积累了大量资本以应对未来的潜在变化。 [23][24] 问题3 **Erika Najarian 提问** 公司披露的利率敏感性分析显示在利率下降100个基点的情况下,公司的净利息收入会下降。但公司在2025年下半年有大量掉期合约到期,这是否意味着公司的利率敏感性将会降低? [27][28] **公司回答** 公司披露的利率敏感性分析是基于静态假设的,并不能完全反映未来的实际情况。随着掉期合约的到期,公司的利率敏感性将会有所降低。公司未来将提供更多关于这一变化的具体信息。 [28]

Key TakeawaysBank of America shares rose Tuesday after reporting better second-quarter revenue and profit than analysts had projected.Net interest income, however, was lower than the same time last year, as Bank of America joins other banks that recently reported drops to NII in the second quarter.The bank's investment banking operations were a source of growth as consumer banking revenue slipped 3% year-over-year. Bank of America (BAC) shares rose Tuesday as second-quarter revenue and profit beat estimates ...

Bank of America (BAC) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.06%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.77 per share when it actually produced earnings of $0.83, delivering a surprise of 7.79%.Over the last four quar ...