Oppenheimer Upgrades Bank of America (BAC) to Outperform
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/21/2026
- Wall St indexes advance with boost from chips, Iran optimism
- Intel soars after Trump says Apple agreed to work with chipmaker on US production
- Apple CEO warns price hikes 'unavoidable' as chip costs bite - WSJ
- Wall Street scrambles to lift Micron price targets ahead of earnings
- SanDisk and Micron surge as Apple confirms memory price pass-through
- Zelenskiy: best guarantee of Europe's future is fast-track EU membership for Ukraine
- Needham Starts NeoVolta (NEOV) at Buy
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Companies to add 40 million barrels of oil to US SPR after Iran war ends, energy secretary says
- Sanuwave cuts Q2 2026 revenue guidance amid Ultramist sales pressure
Bank of America (BAC) Q1 'Noisy' But Core OK - Evercore Partners
April 16, 2014 8:51 AM EDTEvercore Partners analyst Andrew Marquardt offered an early read of Bank of America's (NYSE: BAC) first quarter results calling them "noisy" but earnings power was OK with core EPS of $0.26.
Marquardt comments, "Overall, noisy results but about in line to slightly below expectations. Core spread in... More
Bank Of America (BAC) Posts Q1 adj.-EPS of 35c
April 16, 2014 7:02 AM EDTBank Of America Corp. (NYSE: BAC) reported Q1 EPS of $0.35, $0.08 better than the analyst estimate of $0.27. Revenue for the quarter came in at $22.8 billion versus the consensus estimate of $22.38 billion.
Unadjusted net loss was $.05 per share. The results for the first quarter of 2014 include $6.0 billion in litigation expense related to the previously announced settlement with the Federal Housing Finance Agency (FHFA), and additional reserves primarily for previously disclosed legacy mortgage-related matters.
"The cost of resolving more of our mortgage issues hurt our earnings this quarter, said Chief Executive Officer Brian Moynihan. But... More
