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Smartkarma Newswire

QBE Insurance (QBE) Earnings: Exits North America Middle-Market, Projects 1H GWP at $13.1B

By | Earnings Alerts
  • QBE to close its North America middle-market segment after a strategic review.
  • The middle-market segment contributed approximately $500 million in gross written premium in FY23.
  • The segment has faced performance challenges for several years.
  • This closure aims to refocus North America’s strategy on more significant market segments with better relevance and scale.
  • The closure is expected to have a minimal impact on QBE’s FY24 Group combined operating ratio.
  • QBE projects 1H gross written premium to be around $13.1 billion, showcasing a 3% year-over-year growth at constant currency.
  • 1H net insurance revenue is anticipated to be about $8.4 billion.
  • Group catastrophe costs for the first five months estimated at around $500 million, against a budget of $609 million.
  • Total investment income for the first five months is $643 million.
  • QBE expects FY24 Group gross written premium growth at constant currency to be in the mid-single digits.
  • Analyst recommendations for QBE include 10 buys, 2 holds, and 1 sell.

Qbe Insurance on Smartkarma

Analyst coverage of Qbe Insurance on Smartkarma recently featured a report by Janaghan Jeyakumar, CFA titled “Quiddity ASX Mar 24 Index Rebal: Many High-Impact Names.” Jeyakumar’s analysis indicated that on average, stocks being added to the index had 11 times the average daily volume (ADV) for buys, while those being deleted had 8 times ADV for sells. The report suggested that the additions could potentially outperform the deletions over the next two weeks. Following the March 2024 index rebalancing event for ASX indices, changes were noted across various categories, with 14 additions and 10 deletions for ASX 300.

The insights provided by Jeyakumar offer valuable perspectives for investors tracking Qbe Insurance among other companies. His bullish sentiment towards the high-impact names included in the rebalancing indicates a positive outlook on their performance. Investors seeking independent research on companies like Qbe Insurance can leverage Smartkarma’s platform to access detailed reports authored by top analysts like Janaghan Jeyakumar, CFA, to make more informed investment decisions in the market.


A look at Qbe Insurance Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth5
Resilience3
Momentum5
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

QBE Insurance Group Limited, an insurance company that offers various commercial and industrial insurance policies along with individual policies, is showing positive signs for long-term growth. With a top score in Growth and Momentum, the company is poised for expansion and has strong forward momentum.

While maintaining steady scores in Value, Dividend, and Resilience, QBE Insurance demonstrates stability in its financial standing. Combining growth potential with resilience against market fluctuations, the company presents a balanced outlook for investors seeking long-term prospects in the insurance sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Vinci SA (DG) Earnings: May Passenger Traffic Up 8.7%, Positive Commercial Movements

By | Earnings Alerts
  • Date: June 18, 2024
  • Passenger Traffic Increase: Vinci saw an 8.7% rise in passenger traffic in May.
  • Airport Commercial Movements: There was a 5.7% rise in commercial movements at the airports.
  • Analyst Recommendations:
    • 22 Buy Recommendations
    • 3 Hold Recommendations
    • 2 Sell Recommendations

A look at Vinci SA Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience3
Momentum3
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Vinci SA seems to have a positive long-term outlook. With strong scores in Growth and Dividend, indicating a potential for expansion and steady returns to investors, the company appears well-positioned for future success. While Value, Resilience, and Momentum scores are not as high, the overall outlook for Vinci SA is optimistic.

VINCI SA is a global player in concessions and construction, offering a range of services in the engineering and infrastructure sectors. Specializing in various engineering disciplines and infrastructure management, including public infrastructure like motorways, airports, and rail networks, Vinci SA has established itself as a key player in the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Singapore Airlines (SIA) Earnings: Passenger Load Factor Hits 86.1% Despite Year-on-Year Decline

By | Earnings Alerts
  • Singapore Airlines Group’s passenger load factor for May 2024 was 86.1%, slightly lower than 88% the same month last year.
  • The number of passengers carried by the group airlines increased by 14% year-on-year (y/y) to 3.23 million.
  • The cargo load factor also improved, reaching 56.5%, compared to 53.2% y/y.
  • The total cargo and mail handled by the group increased by 25% y/y, totaling 92.5 million kilograms.
  • Available seat kilometers for the group airlines increased by 12.6% y/y.
  • Revenue passenger kilometers grew by 10.2% y/y.
  • Overall demand for air travel was robust across all route regions in May 2024.
  • Current market sentiment includes 2 buys, 7 holds, and 3 sells.
  • All comparisons are made with the values reported in the company’s original disclosures.

Singapore Airlines on Smartkarma

On Smartkarma, notable analysts like Neil Glynn and Mohshin Aziz have provided insightful coverage of Singapore Airlines. Neil Glynn, with a bearish stance, anticipates further earnings normalization for Singapore Airlines in 4Q24. He highlights that the company is facing significant inflationary pressures and forecasts for FY25 suggest a continued decline in earnings, significantly deviating from the consensus. Glynn emphasizes the importance of cost control and efficiency as key factors for SIA’s profitability.

In contrast, Mohshin Aziz takes a bullish view on Singapore Airlines, citing strong performance in November 2023 with positive passenger and cargo numbers. Aziz notes a favorable trend in fuel and USD costs, indicating a potentially promising period for SIA. He recommends a buy rating for the stock, projecting a substantial upside potential compared to the current market sentiment. The contrasting analyses from Glynn and Aziz provide investors with diverse perspectives on the future outlook of Singapore Airlines.


A look at Singapore Airlines Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Smartkarma Smart Scores provide a comprehensive outlook on Singapore Airlines Limited. With high ratings in Growth and Dividend, the airline is positioned for long-term success. A top score in Growth indicates potential for expansion and innovation, while a strong Dividend score suggests the company’s ability to provide consistent returns to shareholders. Although Value and Resilience scores are solid but not the highest, the Momentum score reflects positive traction in the market.

Singapore Airlines Limited, a prominent player in air transportation and related services, has a diverse operational reach spanning across various continents. Offering services such as air charter, pilot training, and tour wholesaling, the company is deeply integrated into global aviation. With a solid foundation and promising prospects in Growth and Dividend, Singapore Airlines appears well-equipped to navigate the aviation industry’s challenges and capitalize on future opportunities.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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China Resources Power (836) Earnings Surge: May Power Generation Up 6.7%

By | Earnings Alerts
  • Power Generation Increase: China Res Power’s power generation rose by 6.7% in the recent period.
  • Wind Power Down: Despite the overall increase, wind power generation saw a decrease of 2.7%.
  • Analyst Ratings: There are currently 25 buy ratings, 4 hold ratings, and 0 sell ratings for China Res Power.

A look at China Resources Power Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience2
Momentum5
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts using Smartkarma Smart Scores have evaluated China Resources Power Holdings Company Limited, a major player in the power generation industry in China. With a strong emphasis on growth and momentum, the company has received high scores in these areas. The Growth score of 5 reflects positive expectations for the company’s expansion and development strategies in the long term, indicating a promising outlook for future growth opportunities. Additionally, a Momentum score of 5 suggests that China Resources Power is positioned well to capitalize on current market trends and the overall direction of the industry.

While the company shows strength in growth and momentum, it lags slightly in other areas such as Value and Dividend, receiving scores of 3 and 2 respectively. This implies that investors looking for value or seeking high dividend returns might not find China Resources Power as attractive in these aspects. However, considering its core business as a power generation company in China, the company’s overall performance indicates a potential for sustainable growth and market competitiveness in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Ashtead (AHT) Earnings Fall Short of Estimates in 4Q Report

By | Earnings Alerts
  • Ashtead‘s 4Q Performance:
    • Revenue: $2.63 billion (missed estimate of $2.66 billion)
    • Rental Revenue: $2.31 billion (missed estimate of $2.33 billion)
    • EBITDA: $1.14 billion (missed estimate of $1.17 billion)
    • Adjusted Pretax Profit: $445.6 million (missed estimate of $461 million)
    • Operating Profit: $561.2 million (missed estimate of $588.5 million)
    • Adjusted EPS: 79.3 cents (missed estimate of 80.8 cents)
  • Annual Performance:
    • Revenue: $10.86 billion (slightly missed estimate of $10.88 billion)
    • Rental Revenue: $9.63 billion (exceeded estimate of $9.12 billion)
    • EBITDA: $4.89 billion (missed estimate of $4.93 billion)
    • Adjusted Pretax Profit: $2.23 billion (missed estimate of $2.24 billion)
    • Free Cash Flow: $216.5 million (exceeded estimate of $144.5 million)
  • Comments: Higher interest expenses due to the interest rate environment and increased debt levels led to a slight decrease in adjusted pretax profit compared to the previous year.
  • Analyst Rating: 15 buys, 6 holds, 0 sells

A look at Ashtead Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Ashtead Group Plc, an international equipment rental company, shows a promising long-term outlook according to Smartkarma’s Smart Scores. With a growth score of 4 and momentum score of 4, Ashtead is positioned well for future expansion and market performance. This indicates strong potential for the company to continue growing and maintaining positive momentum in the coming years, reflecting a favorable outlook for investors.

While Ashtead scores moderately on value, dividend, and resilience, the standout scores in growth and momentum suggest a dynamic and forward-moving trajectory for the company. Ashtead‘s focus on renting construction and industrial equipment, primarily in the US through its subsidiary Sunbelt Rentals and in the UK through A-Plant, positions it as a key player in the industry with room for further development and profitability in the future.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Lennar Corp A (LEN) Earnings: EPS Surges Despite 3Q New Orders Forecast Miss

By | Earnings Alerts
  • Third Quarter Forecast: Lennar expects to see new orders between 20,500 to 21,000, which falls short of the estimated 21,095 units.
  • Deliveries for the third quarter are also expected to match the range of 20,500 to 21,000, slightly below the estimate of 21,004.
  • Second Quarter Results:
    • Earnings Per Share (EPS) was reported at $3.45, up from $3.01 last year.
    • Revenue increased by 9.6% year-over-year to $8.77 billion, exceeding the estimate of $8.57 billion.
    • New home deliveries grew by 9%.
    • Gross Margin on Home Sales was 22.6%, close to last year’s 22.5% and matching the estimate.
    • Backlog decreased by 12% from last year, totaling 17,873 units.
  • Company Comments:
    • The company expects to deliver between 20,500 and 21,000 homes in the third quarter with a gross margin of around 23.0%.
    • Employment remains strong, and housing supply is chronically short due to a decade-long production deficit, while demand is driven by strong household formation.
    • Interest rate movements and consumer sentiment challenged affordability, but sales incentives led to a 19% increase in new orders and a 15% increase in deliveries year-over-year.
    • The average sales price per home delivered was $426,000 in the second quarter, down 5% from last year.
    • Homebuilding gross margin in the second quarter was 22.6%, an increase of 10 basis points from last year.
    • Selling, General & Administrative (S,G&A) expenses were 7.5%, resulting in a net margin of 15.1%.
  • Analyst Ratings: 14 analysts recommend buying, 7 suggest holding, and 2 advise selling.

A look at Lennar Corp A Smart Scores

FactorScoreMagnitude
Value4
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Lennar Corp A holds a promising long-term outlook. With strong scores of 4 in Value, Growth, Resilience, and Momentum, the company seems well-positioned for future success. Lennar’s high Value score suggests that the company is trading at an attractive price relative to its fundamentals, while its Growth score indicates potential for expansion and increasing revenues. The Resilience score highlights the company’s ability to weather economic challenges, and the Momentum score signifies positive trends in stock performance.

Lennar Corporation, primarily known for constructing and selling single-family homes, also engages in various related services such as mortgage financing and title insurance. With solid scores across key factors, Lennar Corp A appears to be a promising investment option for investors looking for a company with strong fundamentals and growth potential in the real estate sector.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Citigroup Inc (C) Earnings: May Charge-Offs at 2.4%, Delinquencies at 1.41%

By | Earnings Alerts
  • Citigroup reported charge-offs at 2.4% in May 2024.
  • Delinquencies were noted at 1.41% for the same period.
  • Analyst recommendations include 16 buys, 10 holds, and 0 sells.

Citigroup Inc on Smartkarma

Top independent analyst Daniel Tabbush recently published research on Citigroup Inc on Smartkarma, presenting a bearish perspective. Tabbush’s report titled “Citigroup – Impairment Costs Far Higher than Any Recent Quarter & Net Interest Income near Halting” highlights Citigroup’s significant increase in impairment costs, particularly from unfunded commitments. The net interest income of the company is showing signs of stagnation, with total impairment costs jumping to USD3.5bn in 4Q23 compared to an average of USD1.8-1.9bn in previous quarters. The analysis suggests that the challenging environment, including geopolitical risks, could have negative implications not only for Citigroup but also for other major global banks like HSBC Holdings.

Smartkarma provides a platform for in-depth insights from analysts like Daniel Tabbush, offering valuable perspectives that can influence investment decisions. Tabbush’s bearish stance on Citigroup’s current financial situation sheds light on the potential risks and challenges facing the banking sector. Investors can leverage this research to gain a deeper understanding of Citigroup’s performance and its implications for the broader market. By accessing independent research on Smartkarma, investors can make informed choices based on a diverse range of opinions and analyses from experts like Tabbush.


A look at Citigroup Inc Smart Scores

FactorScoreMagnitude
Value5
Dividend4
Growth3
Resilience2
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on Smartkarma Smart Scores, Citigroup Inc. is positioned favorably for long-term performance. The company scores high in value and dividend, indicating strong fundamentals and potential for solid returns for investors. Its focus on growth and momentum, although not as high as value and dividend, suggests promising prospects ahead. However, the resilience score, while lower than the other factors, may pose some challenges in unpredictable market conditions.

Citigroup Inc. is a diverse financial services company that offers a wide range of financial products to both individual and corporate clients worldwide. With a strong emphasis on value and dividends, the company may attract long-term investors looking for stability and potential income. While growth and momentum factors are slightly lower, they still contribute to Citigroup’s overall positive outlook for the future, despite some potential vulnerability in times of market stress.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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American Express Co (AXP) Earnings: Charge-Offs Rise to 2.4% vs. 1.6% Y/Y, Increased Delinquencies Noted

By | Earnings Alerts
  • American Express charge-offs reached 2.4%, up from 1.6% year over year.
  • Delinquencies increased to 1.4%, compared to 1.1% a year ago.
  • Analyst recommendations for American Express:
    • 17 analysts recommend buying the stock.
    • 12 analysts suggest holding the stock.
    • 5 analysts advise selling the stock.

A look at American Express Co Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysts utilizing Smartkarma Smart Scores have provided an optimistic long-term outlook for American Express Co. With solid scores in Growth, Resilience, and Momentum categories, the company appears well-positioned for future success. These high scores indicate that American Express is expected to demonstrate strong growth potential, resilience in challenging economic conditions, and positive momentum in the market.

American Express Co, a global payment and travel company, has received average scores for its Value and Dividend factors. While these aspects may not be as strong as growth, resilience, and momentum indicators, they still contribute to the overall positive outlook for the company. Recognized for its charge and credit payment card products and travel-related services, American Express Co continues to play a significant role in providing essential financial solutions to consumers and businesses worldwide.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Aeroports De Paris (ADP) Earnings: May Passenger Traffic Surges by 8.4%

By | Earnings Alerts
  • Passenger traffic increased by 8.4% in May.
  • Paris airport saw a 2.5% rise in passenger numbers.
  • TAV airports experienced a significant 17.3% growth in passenger traffic.
  • Total passengers in May reached 31.40 million.
  • Analyst recommendations include 6 buys, 16 holds, and 1 sell.

A look at Aeroports De Paris Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth5
Resilience2
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Aeroports De Paris shows a promising long-term outlook. With a strong Growth score of 5, the company demonstrates significant potential for expansion and development in the aviation industry. Additionally, a Momentum score of 4 suggests that the company is experiencing favorable trends that could lead to continued success in the future. While the Value and Resilience scores are more moderate at 2, the Dividend score of 3 indicates the company’s capability to provide returns to its shareholders. Overall, Aeroports De Paris appears to be well-positioned for sustainable growth and performance.

Aeroports De Paris (ADP) is a company that manages all the civil airports in the Paris area, in addition to operating light aircraft aerodromes. Offering a range of air transport services and business solutions such as office rentals, ADP plays a vital role in the aviation sector. With its strong Growth and Momentum scores, the company is poised to capitalize on future opportunities and maintain its position as a key player in the industry. While the Value and Resilience scores are not as high, the Dividend score reflects the company’s commitment to providing returns to its investors, further enhancing its attractiveness as an investment option.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Bank of America (BAC) Earnings Report: Key Charge-Offs Reach 2.46%, Delinquencies at 1.39%

By | Earnings Alerts
  • Charge-Offs Increase: Bank of America’s charge-off rate in May 2024 was 2.46%.
  • Delinquency Rate: The delinquency rate for the bank during the same period was 1.39%.
  • Analyst Ratings:
    • 14 analysts have rated Bank of America as a “buy.”
    • 14 analysts have given it a “hold” rating.
    • 1 analyst has issued a “sell” rating.

Bank Of America on Smartkarma

Analyst coverage of Bank of America on Smartkarma includes insights from Ethan Aw. In one of his research reports titled “Aequitas ASEAN IPOs + Placements Broker Performance 2023,” Aw analyzes broker performance for ASEAN IPOs and placements in 2023, focusing on 18 deals above US$100 million. The report delves into historical data to provide a comprehensive overview of the market landscape. Aw’s sentiment leans towards bullish, offering valuable perspectives for investors looking to understand the dynamics of ASEAN IPOs and placements.


A look at Bank Of America Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Bank of America Corporation, a leading financial institution, stands out with a solid outlook as per the Smartkarma Smart Scores. With a top-notch Value score of 4, the company showcases strong fundamentals and an attractive investment proposition. Complementing this, its Growth score of 4 indicates promising future prospects for expansion and revenue growth. Furthermore, the Momentum score of 4 suggests positive market sentiment and upward trend expectations.

While Bank of America’s Dividend score of 3 reflects a moderate dividend performance, the Resilience score of 2 points to potential vulnerabilities that investors may need to consider. Overall, Bank of America appears well-positioned for long-term success, offering a range of banking, investing, and financial services backed by solid value, growth potential, and market momentum.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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