Bank of America CorpArticle highlights Bank of America's strong Q2 earnings with revenue up 15.3% and net income up 26.4%, recommending it as a buy.
Bank of America, PNC Financial Services, and SoFi Technologies are highlighted as three bank stocks to consider buying in July's high-interest-rate environment. Bank of America reported second-quarter revenue of $31.6 billion, up 15.3% from a year ago, with net income of $9.1 billion, a 26.4% increase, and every division recording double-digit net income growth. PNC Financial Services posted second-quarter revenue of $6.87 billion, up from $5.66 billion a year ago, and net income of $2.05 billion, up from $1.64 billion, while its dividend yield stands at 3.2%. SoFi Technologies, which has yet to report second-quarter results, saw first-quarter revenue of $1.1 billion, up 43% year-over-year, and net income of $155.7 million, up 134%, but its stock fell more than 30% this year after management did not raise guidance.
Bank of America CorpArticle highlights Bank of America's strong Q2 earnings with revenue up 15.3% and net income up 26.4%, recommending it as a buy.
PNC Financial Services Group IncArticle highlights PNC's strong Q2 earnings with revenue up and net income up, plus a 3.2% dividend yield, recommending it as a buy.
SoFi Technologies Inc.Article notes SoFi's strong Q1 earnings but stock fell over 30% after management did not raise guidance; mixed signal.