Like-To The Moon - Tiger Brokers Online Investing Community - To The Moon

4
Comment
Favorite

jimmylaw
2022-10-18

Like

Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates

Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed

Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

4

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":9989501888,"tweetId":"9989501888","gmtCreate":1666045180844,"gmtModify":1676537694897,"author":{"id":3570772304712620,"authorId":3570772304712620,"authorIdStr":"3570772304712620","name":"jimmylaw","avatar":"https://static.tigerbbs.com/f6c847ae11f03f4682632e6fa4016040","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":3,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0},"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Like</p></body></html>","htmlText":"<html><head></head><body><p>Like</p></body></html>","text":"Like","highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9989501888","repostId":1160743860,"repostType":4,"repost":{"id":"1160743860","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1666003685,"share":"https://www.laohu8.com/m/news/1160743860?lang=&edition=full","pubTime":"2022-10-17 18:48","market":"us","language":"en","title":"Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1160743860","media":"Tiger Newspress","summary":"Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed","content":"<html><head></head><body><p>Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.</p><p>Here are the numbers:</p><ul><li>Earnings:  81 cents vs. the 77 cents a share estimate of analysts surveyed by Refinitiv.</li><li>Revenue: $24.61 billion vs. $23.57 billion estimate</li></ul><p>Bank of America said third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the company booked a $738 million provision for credit losses in the quarter. Revenue net of interest expense jumped to $24.61 billion.</p><p>Shares of the bank rose 2.49% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/4519db9b2e49bbd37920a7f299794f29\" tg-width=\"821\" tg-height=\"825\" referrerpolicy=\"no-referrer\"/></p><p>Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. While bank stocks got hammered this year amid concerns a recession was on the way, lenders including Bank of America, JPMorgan Chase and Wells Fargo are producing stronger profits as rates rise, allowing them to generate more profits from their core deposits and lending activities.</p><p>“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” Moynihan said in the release. “Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”</p><p>Investors will be eager to see how well the bank’s retail and business customers are holding up amid signs that both inflation and higher interest rates are taking a toll on the economy.</p><p>Bank of America shares have fallen 29% this year through Friday, worse than the 26% decline of the KBW Bank Index.</p><p>Last week, JPMorgan and Wells Fargo topped expectations for third-quarter profit and revenue by generating better-than-expected interest income.Citigroupalso beat analysts’ estimates, and Morgan Stanley missed as choppy marketstook a tollon its investment management business.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America Tops Estimates on Better-Than-Expected Bond Trading, Higher Interest Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-17 18:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.</p><p>Here are the numbers:</p><ul><li>Earnings:  81 cents vs. the 77 cents a share estimate of analysts surveyed by Refinitiv.</li><li>Revenue: $24.61 billion vs. $23.57 billion estimate</li></ul><p>Bank of America said third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the company booked a $738 million provision for credit losses in the quarter. Revenue net of interest expense jumped to $24.61 billion.</p><p>Shares of the bank rose 2.49% in premarket trading.</p><p><img src=\"https://static.tigerbbs.com/4519db9b2e49bbd37920a7f299794f29\" tg-width=\"821\" tg-height=\"825\" referrerpolicy=\"no-referrer\"/></p><p>Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. While bank stocks got hammered this year amid concerns a recession was on the way, lenders including Bank of America, JPMorgan Chase and Wells Fargo are producing stronger profits as rates rise, allowing them to generate more profits from their core deposits and lending activities.</p><p>“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” Moynihan said in the release. “Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”</p><p>Investors will be eager to see how well the bank’s retail and business customers are holding up amid signs that both inflation and higher interest rates are taking a toll on the economy.</p><p>Bank of America shares have fallen 29% this year through Friday, worse than the 26% decline of the KBW Bank Index.</p><p>Last week, JPMorgan and Wells Fargo topped expectations for third-quarter profit and revenue by generating better-than-expected interest income.Citigroupalso beat analysts’ estimates, and Morgan Stanley missed as choppy marketstook a tollon its investment management business.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160743860","content_text":"Bank of Americasaid Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.Here are the numbers:Earnings:  81 cents vs. the 77 cents a share estimate of analysts surveyed by Refinitiv.Revenue: $24.61 billion vs. $23.57 billion estimateBank of America said third-quarter profit fell 8% to $7.1 billion, or 81 cents a share, as the company booked a $738 million provision for credit losses in the quarter. Revenue net of interest expense jumped to $24.61 billion.Shares of the bank rose 2.49% in premarket trading.Bank of America, led by CEO Brian Moynihan, was supposed to be one of the main beneficiaries of the Federal Reserve’s rate-boosting campaign. While bank stocks got hammered this year amid concerns a recession was on the way, lenders including Bank of America, JPMorgan Chase and Wells Fargo are producing stronger profits as rates rise, allowing them to generate more profits from their core deposits and lending activities.“Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts,” Moynihan said in the release. “Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients.”Investors will be eager to see how well the bank’s retail and business customers are holding up amid signs that both inflation and higher interest rates are taking a toll on the economy.Bank of America shares have fallen 29% this year through Friday, worse than the 26% decline of the KBW Bank Index.Last week, JPMorgan and Wells Fargo topped expectations for third-quarter profit and revenue by generating better-than-expected interest income.Citigroupalso beat analysts’ estimates, and Morgan Stanley missed as choppy marketstook a tollon its investment management business.","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}