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Yahoo Finance • 10 days ago

Q3 2024 Aspen Technology Inc Earnings Call

Participants Antonio J. Pietri; President, CEO & Director; Aspen Technology, Inc. Christopher Stagno; Senior VP, CAO & Interim CFO; Aspen Technology, Inc. David Emerson Ridley-Lane; VP; BofA Securities, Research Division Dylan Tyler Be... Full story

Yahoo Finance • a month ago

Bank of America Set to Report Earnings as High Interest Rates Cut Both Ways

Analysts polled by FactSet expected the bank to report earnings of $0.76 per share on revenue of $25.5 billion. Continue reading View comments... Full story

Yahoo Finance • 4 months ago

UPDATE 1-Bank of America bonuses for dealmakers, traders are broadly flat -source

(Adds background in paragraph 5, analyst quote in paragraphs 8-9) By Saeed Azhar NEW YORK, Jan 26 (Reuters) - Bank of America's bonus pool for investment bankers will range from steady to 3% lower for 2023 under pressure from a slowdown... Full story

Yahoo Finance • 4 months ago

One-Time Charges Concealed How Well Big Banks Did During The Last Quarter Of 2023

The week ended with earnings reports from four biggest U.S. banks. JPMorgan Chase & Co (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), Bank of America Corporation (NYSE: BAC) and Citigroup Inc (NYSE: C) delivered disappointing news as one-... Full story

Yahoo Finance • 4 months ago

BofA CEO Sees a Soft Landing for the Economy. Consumers Are 'Still in the Game.'

Bank of America CEO Brian Moynihan has penciled in a soft landing for the economy and offered some insights into the state of the consumer on the company’s fourth-quarter earnings call. “We see the consumer activity indicating that they're... Full story

Yahoo Finance • 4 months ago

Big U.S. bank profits fall on insurance fund charges, falling lending margins

WASHINGTON (Reuters) - Major U.S. bank fourth quarter profits fell on Friday as lenders put aside cash to replenish a government insurance fund dented by last year's bank failures, and as the rising cost of retaining deposits ate into marg... Full story

Yahoo Finance • 4 months ago

WRAPUP 1-Big U.S. bank profits fall on insurance fund charges, falling lending margins

WASHINGTON, Jan 12 (Reuters) - Major U.S. bank fourth quarter profits fell on Friday as lenders put aside cash to replenish a government insurance fund dented by last year's bank failures, and as the rising cost of retaining deposits ate i... Full story

Yahoo Finance • 4 months ago

BofA’s Bond Traders Post a Surprise Drop as Profit Slumps

(Bloomberg) -- Bank of America Corp.’s earnings fell short of expectations as the bank’s numerous charges in the fourth quarter cut into profit and the firm’s fixed-income traders posted a surprise drop in revenue. Most Read from Bloomber... Full story

Yahoo Finance • 4 months ago

Bank of America Earnings Hit by 2 Large Charges

Bank of America recorded two charges that impacted its fourth-quarter earnings. First, earlier this week, BofA said it would recognize [a net noncash pretax charge of about $1.6 billion in the fourth quarter](https://www. Continue reading... Full story

Yahoo Finance • 4 months ago

BofA Held-to-Maturity Losses Decline

A year-end Treasury rally helped Bank of America reduce the losses in its "held-to-maturity" portfolio. The former get marked to market, while the latter are assumed to be carried until they mature and don’t need to be updated to reflect m... Full story

Yahoo Finance • 4 months ago

BofA's Earnings Report Will Wrap Up a Tough Year

Investors will be looking for insights into how Bank of America is managing its loan book and a slowing economy when the company reports its financial results before the start of trading on Friday. Analysts expect the bank to post a fiscal... Full story

Yahoo Finance • 4 months ago

Oil to remain volatile in 2024, says BofA

(Reuters) - U.S. oil companies and refiners are likely to face another challenging 12 months in 2024, Bank of America (BofA) analysts wrote in a note on Friday, who expect Brent crude to average $80 per barrel this year. Crude futures los... Full story

Yahoo Finance • 5 months ago

Bank of America Bond Losses Narrowed From Rally to Estimated $100 Billion

By contrast, JPMorgan Chase’s unrealized bond losses may be in the $30 billion to $35 billion range now. Continue reading... Full story

Yahoo Finance • 5 months ago

12 Best Slow Growth Stocks To Buy According To Hedge Funds

In this article, we will take a detailed look at the12 Best Slow Growth Stocks To Buy According To Hedge Funds. For a quick overview of such stocks, read our article 5 Best Slow Growth Stocks To Buy According To Hedge Funds. It would be i... Full story

Yahoo Finance • 5 months ago

Meet the Only Warren Buffett Stock That Wall Street Thinks Will Soar Over 70% in 2024

Buffett might not particularly care for analysts' opinions, but he'd like this one if it turns out to be right. Continue reading... Full story

Yahoo Finance • 5 months ago

Warren Buffett's Biggest Bets: 57.1% of Berkshire Hathaway's $358 Billion Portfolio Is Invested in These 2 Stocks

Portfolio diversification can be a valuable tool, but it's clear that legendarily successful investor Warren Buffett isn't a fan. Continue reading... Full story

Yahoo Finance • 6 months ago

Here's Why United Rentals, Vulcan Materials, BofA and Qualcomm Are Higher Today

One aspect of our investment thesis behind United Rentals and Vulcan Materials was confirmed by earnings and guidance from Construction Partners . Construction Partners' backlog rose to $1.6 billion exiting September, underpinning its reve... Full story

Yahoo Finance • 6 months ago

Bank of America pays $12 million fine for reporting false mortgage data

(Reuters) - Bank of America will pay a $12 million penalty for submitting false mortgage lending information to the government, violating a federal law that lenders have routinely followed for decades, the U.S. Consumer Financial Protectio... Full story

Yahoo Finance • 6 months ago

71% of Warren Buffett's $357 Billion Portfolio Is Invested in Just 4 Stocks

A whopping $252 billion of Berkshire Hathaway's $357 billion of invested assets can be traced to four brand-name businesses. Continue reading... Full story

Yahoo Finance • 6 months ago

Q2 2024 Transphorm Technology Inc Earnings Call

Participants David Hanover; IR; KCSA Strategic Communications Primit Parikh; Co-founder, President & CEO; Transphorm Technology, Inc. Cameron McAulay; CFO; Transphorm Technology, Inc. David Williams; Analyst; The Benchmark Company, LLC... Full story