Traders in fixed income, currencies and commodities stayed in high demand, bringing in $3.5 billion in revenue for BofA, up 27% from a year earlier. Bank of America's net interest income, which reflects how much money the bank makes from charging interest to customers, rose 25% to $14.4 ...
(FICC).The decreases were partially offset by highertrading revenue in Equities.Provision for Credit LossesThe provision for credit losses increased$383 million to$1.5 billion and$771 millionto$2.8 billion for the three and six months ended June 30,2024 compared to thesame periods in 2023.The ...
Driven by a client-first culture, we provide integrated financial solutions, capital markets execution and transformative advice to corporations with more than $2 billion in revenue, financial institutions and government agencies. Our team of experienced corporate and investment bankers serve as steadfast...
our advisor training programs and digital delivery for our clients as well as positive market helped us deliver strong revenue. Asset under management flows were $25 billion in the quarter. Sales and trading, excluding DVA, delivered its eighth consecutive quarter of year over year revenue ...
Blum, Bank of America (Fixed Income)Phone: 1.212.449.3112jonathan.blum@bofa.com Reporters May Contact: Bill Halldin, Bank of AmericaPhone: 1.916.724.0093william.halldin@bofa.com Christopher P. Feeney, Bank of AmericaPhone: 1.980.386.6794christopher.feeney@bofa.com Logo - https://mma.prnewswire...
Of note to investors, Incyte updated its 2024 revenue expectation for Jakafi, setting the guidance in the range of $2.74 billion to $2.77 billion. This is higher than the previous guidance, which had a top end of $2.75 billion. For BofA analyst Tazeen Ahmad, the key point here is Incyte...
PROBoosted Price Target for Morgan Stanley After $1 Billion Revenue Beat Business mix issues mean one of our financial holdings will benefit from improving investment banking activity. MSBACGS Portfolio Jan 16, 2025 12:15 PM EST PROVIDEO: Why We Like This Holding's New Acquisition Plus, digging...
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Bank of America's 12-month trailing net income and revenue are $26.5 billion and $98.6 billion, respectively.1The company'smarket capis about $267 billion.2These financial data are as of February 2024. Below is a look in more detail at Bank of America's 6 biggest shareholders. ...
In 2023, Bank of America reported $98.58 billion in revenue and $26.51 billion in net income.5It has a market capitalization of $304.29 billion as of May 16, 2024.6 Bank of America’s major acquisitions represent efforts by the company to expand into new areas of finance and banking or to...