Entering text into the input field will update the search result below

Nasty post-earnings price action in BofA

  • The stock has given up another 2.6% today, even as the broader market rallies and its TBTF peers are just modestly lower. Shares are lower by 20% YTD, and 13.4% Y/Y.
  • Holding court at Davos, CEO Brian Moynihan says the job cuts will continue this year after more than 10K reductions in 2015. Total headcount at the bank is 213.3K. The efficiency ratio at BofA for 2015 of 68.6% is far worse than competitors like Citigroup (57%) and Wells Fargo (57.8%)
  • Cost cuts are nice, but revenue growth can also help that ratio. Expect that to remain challenging, however, even as the U.S. economy improves, says CFO Paul Donofrio.

Recommended For You

About BAC Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
BAC--
Bank of America Corporation