BAC Dec 2024 31.000 put
| Previous close | 0.0900 |
| Open | 0.0800 |
| Bid | 0.0700 |
| Ask | 0.0800 |
| Strike | 31.00 |
| Expiry date | 2024-12-20 |
| Day's range | 0.0800 - 0.0800 |
| Contract range | N/A |
| Volume | |
| Open interest | 1.2k |
- Yahoo Finance Video
Citi's performance was 'a little sluggish': Analyst on earnings
Goldman Sachs (GS) was a notable standout among the Big Banks that reported third quarter earnings on Tuesday — which also included Bank of America (BAC) and Citigroup (C). Goldman Sachs saw investment banking fees rise 20%, or $1.8 billion, from this time last year To speak more on bank earnings, Market Domination welcomes CFRA Director of Equity Research Ken Leon. As financial institutions adjust to the new interest rate environment, Leon forecasts M&A underwriting transactions. He found Citi's earnings performance to be "a little sluggish." CFRA has Citi at a Buy rating with a $73 per share price target. "The intermediate of course, is a streamlined bank, one that's watching expenses. It's rid itself of consumer banks outside the US, and it has still a pretty significant institutional treasury service business," Leon tells Julie Hyman and Josh Lipton. "It wasn't good enough today, and I think part of this was the messaging from senior management that still talks about a multiyear transformation." Leon also weighs in on Bank of America's net interest income and looks ahead to what to expect from Morgan Stanley (MS) when it reports earnings Wednesday morning. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan.
Yahoo Finance'Soft landing' optimism spurs broad Wall Street rebound at big banks
The biggest banks staged a broad Wall Street rebound in the third quarter, as optimism about a possible 'soft landing' and rate cuts from the Fed spurred dealmaking and trading.
Barrons.comBank of America Bond Losses Narrowed to $85.7 Billion. They Still Lead the Industry.
Concern about the unrealized losses has receded. The bank has emphasized that the portfolio is rolling off its books as mortgage securities are paid off.
