The results were released after JPMorgan Chase (JPM) and Goldman Sachs (GS) exceeded their second-quarter forecasts but reported a sharp decline in their business revenues. Revenue fell 2.5% to 21.77 billion US dollars. Result: Bank of America reported earnings per share of $1.03. Loan loss reserves decreased by 6.7 billion yuan. Revenue fell 4% to $21.Consumer banking revenue increased by 4% to US$8.2 billion, asset and investment management income increased by 14% to US$5.1 billion, global banking income was stable at US$5.1 billion, bonds fell 38% to US$2 billion, and the stock market soared. 33% is $1.6 billion.Investment banking expenses fell by 1.7% to US$2.1 billion. Stocks: The stocks on the stock market fell 2% today. According to MarketSmith's graphical analysis, the buying point for BAC stock is 43.59. The lines of power go in the opposite direction. Bank of America has a rating of 77 points (out of 99 points) and an EPS rating of 78 points.
Citigroup earnings forecast: Citigroup’s earnings per share are expected to increase by 298% to US$1.99, but revenue is expected to fall by 11% to US$17.36 billion. The result: Earnings per share was US$2.85, and revenue was US$17.47 billion, a 7% drop against the US dollar. 6.8 billion. Sales increased by 1% to $1.Fixed income trading revenue fell 43% to US$3.2 billion, while stock trading revenue increased 37% to US$1.06 billion. Stock price: The stock price rose 0.2%. The stock is down 15% from the 52-week high of 80.29 on June 3rd.Citi's relative strength line has fallen, with an RS rating of 56 and a BPA rating of 75.
The results were released after JPMorgan Chase (JPM) and Goldman Sachs (GS) exceeded their second-quarter forecasts but reported a sharp decline in their business revenues. Revenue fell 2.5% to 21.77 billion US dollars. Result: Bank of America reported earnings per share of $1.03. Loan loss reserves decreased by 6.7 billion yuan. Revenue fell 4% to $21.Consumer banking revenue increased by 4% to US$8.2 billion, asset and investment management income increased by 14% to US$5.1 billion, global banking income was stable at US$5.1 billion, bonds fell 38% to US$2 billion, and the stock market soared. 33% is $1.6 billion.Investment banking expenses fell by 1.7% to US$2.1 billion. Stocks: The stocks on the stock market fell 2% today. According to MarketSmith's graphical analysis, the buying point for BAC stock is 43.59. The lines of power go in the opposite direction. Bank of America has a rating of 77 points (out of 99 points) and an EPS rating of 78 points.
Citigroup earnings forecast: Citigroup’s earnings per share are expected to increase by 298% to US$1.99, but revenue is expected to fall by 11% to US$17.36 billion. The result: Earnings per share was US$2.85, and revenue was US$17.47 billion, a 7% drop against the US dollar. 6.8 billion. Sales increased by 1% to $1.Fixed income trading revenue fell 43% to US$3.2 billion, while stock trading revenue increased 37% to US$1.06 billion. Stock price: The stock price rose 0.2%. The stock is down 15% from the 52-week high of 80.29 on June 3rd.Citi's relative strength line has fallen, with an RS rating of 56 and a BPA rating of 75.
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