NEW YORK (TheStreet) -- Shares of Bank of America Corp. are down by 0.51% to $15.74 in pre-market trading on Wednesday morning, following the release of the financial institute's 2015 first quarter earnings results, which came in below what analysts predicted for the quarter. For the most recent quarter Bank of America said its net income was $3.4 billion, or 27 cents per diluted share, compared to the 29 cents per share analysts had forecast. This compares to a loss of $276 million, or a loss of 5 cents per share for the same period in 2014. Revenue declined by 1% year-over-year to $21.4 billion versus the 21.5 billion analysts were anticipating. "Continuing the trend from last quarter, we saw core loan and deposit growth, higher mortgage originations, and increased wealth management client balances. We retained a top position in investment banking as our team generated the highest advisory fees since the Merrill Lynch merger. We see continued encouraging signs in customer and client activity, with consumer spending increasing and utilization of credit by our commercial customers rising. This should bode well for the near-term economic outlook" Bank of America CEO Brian Moynihan said in a statement. Separately, TheStreet Ratings team rates BANK OF AMERICA CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: "We rate BANK OF AMERICA CORP (BAC) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Among the primary strengths of the company is its expanding profit margins over time. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."You can view the full analysis from the report here: BAC Ratings Report BAC data by YCharts Must Read: Warren Buffett's Top 25 Stocks for 2015
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