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BAC Jul 2024 18.000 call

OPR - OPR Delayed price. Currency in USD
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22.500.00 (0.00%)
As of 11:22AM EDT. Market open.
Full screen
Previous close22.50
Expiry date2024-07-19
Day's range22.50 - 22.50
Contract rangeN/A
Open interest4
  • Yahoo Finance Video

    Why Morgan Stanley is this analyst's top banking pick

    Big Banks have kicked off the second-quarter earnings season over the past couple of trading days, Bank of America (BAC) and Morgan Stanley (MS) being the latest financial institutions to report their results. Bank of America shares are rising on its earnings beat while forecasting its net interest income (NII) to pick up in the fourth quarter of 2024. Topping overall earnings estimates, Morgan Stanley saw its wealth management segment miss net revenue estimates by $70 million. The Morning Brief welcomes Argus Research director of financial services research Stephen Biggar to talk about how he is reacting to Morgan Stanley's quarterly results after naming it a top pick. "A little bit light on the wealth management side for Morgan Stanley today, certainly offset by a terrific performance by investment banking, revenues up 51% there," Biggar says. "So that's been kind of the story broadly with banks and what we expect going into the quarter that we'd have a much better backdrop and environment for investment banking." Biggar weighs in on the areas interest rate cuts by the Federal Reserve will benefit banks the most. "Lower rates would be a benefit for banks both on the loan growth side — loan growth has been very anemic as high interest rates have curbed loan demand — and also taking some, some pressure off those deposit costs," Biggar explains to Yahoo Finance. "So I think that's why banks are, well, they're very well hedged to whether rates go up or down." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • Yahoo Finance

    Bank of America leans on Wall Street as high rates pose challenges to Main Street operations

    Second-quarter profits at Bank of America fell 7% from a year ago as its consumer operations wrestled with higher interest rates, but it was able to churn out more investment banking fees and trading revenue.

  • Investor's Business Daily

    Bank Of America Stock Adds To 24% Rally On Q2 Earnings; Financial Stocks Eye Breakouts

    BAC stock surged Tuesday after Bank of America reported results. PNC Financial, State Street, Morgan Stanley release earnings.