{"id":2465,"date":"2024-04-17T01:35:07","date_gmt":"2024-04-16T17:35:07","guid":{"rendered":"https:\/\/applelatest.com\/uncategorized\/2465.html"},"modified":"2024-04-17T01:35:07","modified_gmt":"2024-04-16T17:35:07","slug":"%e7%be%8e%e5%9c%8b%e9%8a%80%e8%a1%8c%e8%82%a1%e5%83%b9%e4%bb%8a%e6%97%a5%e6%89%bf%e5%a3%93%e7%9a%84%e5%8e%9f%e5%9b%a0","status":"publish","type":"post","link":"https:\/\/applelatest.com\/en\/stocks\/2465.html","title":{"rendered":"Reasons why Bank of America shares are under pressure today"},"content":{"rendered":"
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\"06f2f041472aecad51a18e8ff6b134ef\"<\/div>\n<\/div>\n<\/div>\n<\/figure>\n

Bank of America<\/strong> (NYSE: BAC)<\/span>The company's performance was better than expected, but investors were more concerned about increased expenses and higher-than-expected nonperforming loan charge-offs. As of 12:30 p.m. ET, the company's shares were down slightly by about 3%.<\/p>\n

Credit Card Business Suffers<\/h2>\n

Bank of America reported first quarter sales of $25.82 billion and EPS of $0.83, beating the Wall Street consensus estimate of $25.46 billion in sales and $0.77 in EPS. Revenue declined 2% year-over-year as higher investment banking and trading revenue did not offset lower net interest income.<\/p>\n

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Consumer Banking revenue declined 51 TP3T and average deposits declined 71 TP3T, but remained well above pre-pandemic levels. During the quarter, the bank added 245,000 new checking accounts and saw strong growth in the Global Wealth Management, Banking and Markets divisions.<\/p>\n

\"We had a strong quarter as our business performed well, adding customers and deepening\u90c3 relationships,\" said Brian Moynihan, Simmons Chief Executive Officer, in a statement.\" Continued strong earnings and robust spend management enable our company to continue to maintain its market-leading position in each of our businesses.<\/p>\n

However, there are some signs of continued economic uncertainty. The aggregate amount of non-performing loan charge-offs was $1.5 billion, an increase of $26% over the last three months of 2023, significantly higher than the analysts' estimate of $1.26 billion.<\/p>\n

Is Bank of America Stock Down After Earnings Release Worth Buying?<\/h2>\n

Bank of America officials attributed the lower-than-expected charge-offs to an increase in credit-card problems, which they said was more of a hangover from the last three months of 2023, but said the number was stabilizing.<\/p>\n

Bank of America also dealt with a number of one-time issues during the quarter, including the Federal Deposit Insurance Corp.'s (FDIC) decision to suspend the bank's operations in the United States.<\/p>\n

In all, Bank of America has shown resilience in a turbulent economy. Investors looking to invest in a large nationally chartered bank should keep Bank of America in mind.<\/p>\n

Should you invest $1,000 in a U.S. bank now?<\/h2>\n

Before buying Bank of America stock, consider the following:<\/p>\n

Motley Fool Stock Advisor<\/em>A team of analysts have just selected what they believe to be the most popular analysts in the world at the moment.-est (superlative suffix)<\/strong>The name of the person is suitable for the investor to purchase10<\/strong>Bank of America is not one of the 10 stocks listed on ....... These 10 stocks could generate huge returns in the years to come.<\/p>\n

Consider April 15, 2005Nvidia<\/strong>) on the list at ...... If you invest 1,000 in our recommendedIn dollars, you'll have $526,933.<\/strong>! *<\/span>Stock Advisor provides easy-to-use stock investment tools for investors.<\/span><\/strong><\/p>\n

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<\/div>\n

View these 10 stocks.\"<\/strong><\/p>\n

*Stock Advisor's Circular as of April 15, 2024<\/span><\/em><\/em><\/p>\n

Bank of America is an advertising\u90c3 partner of The Ascent, a Motley Fool company.Lou Whiteman has no position in any of the above stocks.The Motley Fool holds a recommendation for Bank of America.The Motley Fool has a disclosure policy.<\/em><\/p>\n

Why are Bank of America shares under pressure today?<\/p>\n

<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Solid quarter, but offsetting sales caught investors off guard.<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[55],"tags":[1922],"blocksy_meta":"","yoast_head":"\n\u7f8e\u570b\u9280\u884c\u80a1\u50f9\u4eca\u65e5\u627f\u58d3\u7684\u539f\u56e0 - Apple Latest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/applelatest.com\/en\/stocks\/2465.html\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u7f8e\u570b\u9280\u884c\u80a1\u50f9\u4eca\u65e5\u627f\u58d3\u7684\u539f\u56e0\" \/>\n<meta property=\"og:description\" content=\"\u672c\u5b63\u5ea6\u696d\u52e3\u7a69\u5065\uff0c\u4f46\u6c96\u92b7\u984d\u8b93\u6295\u8cc7\u8005\u63aa\u624b\u4e0d\u53ca\u3002\" \/>\n<meta property=\"og:url\" content=\"https:\/\/applelatest.com\/en\/stocks\/2465.html\/\" \/>\n<meta property=\"og:site_name\" content=\"Apple Latest\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-16T17:35:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/jFCfjARmnhPF8_0R_BjoCQ--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--\/https:\/\/media.zenfs.com\/en\/motleyfool.com\/06f2f041472aecad51a18e8ff6b134ef\" \/>\n<meta name=\"author\" content=\"applelatest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"applelatest\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/applelatest.com\/uncategorized\/2465.html#article\",\"isPartOf\":{\"@id\":\"https:\/\/applelatest.com\/uncategorized\/2465.html\"},\"author\":{\"name\":\"applelatest\",\"@id\":\"https:\/\/applelatest.com\/#\/schema\/person\/ed60be871043e449bf7d8e44ac3499a7\"},\"headline\":\"\u7f8e\u570b\u9280\u884c\u80a1\u50f9\u4eca\u65e5\u627f\u58d3\u7684\u539f\u56e0\",\"datePublished\":\"2024-04-16T17:35:07+00:00\",\"dateModified\":\"2024-04-16T17:35:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/applelatest.com\/uncategorized\/2465.html\"},\"wordCount\":28,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/applelatest.com\/#organization\"},\"keywords\":[\"\u7f8e\u570b\u9280\u884c\u6295\u8cc7\u9280\u884c\"],\"articleSection\":[\"stocks\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/applelatest.com\/uncategorized\/2465.html#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/applelatest.com\/uncategorized\/2465.html\",\"url\":\"https:\/\/applelatest.com\/uncategorized\/2465.html\",\"name\":\"\u7f8e\u570b\u9280\u884c\u80a1\u50f9\u4eca\u65e5\u627f\u58d3\u7684\u539f\u56e0 - 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