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Citigroup, Bank of America, Berkshire Hathaway And A Cybersecurity Stock On CNBC's 'Final Trades'

Published 17/05/2024, 13:46
© Reuters Citigroup, Bank of America, Berkshire Hathaway And A Cybersecurity Stock On CNBC's 'Final Trades'

Benzinga - by Avi Kapoor, Benzinga Staff Writer.

On CNBC's “Halftime Report Final Trades,” Stephanie Link of Hightower said Bank of America Corporation (NYSE:BAC) is trading at 1.2 times book value.

Bank of America reported better-than-expected earnings for its first quarter on April 16. The Charlotte, North Carolina-based bank posted quarterly adjusted net income of $7.2 billion and adjusted EPS of 83 cents, beating the consensus of 77 cents.

Jim Lebenthal of Cerity Partners named Citigroup Inc. (NYSE:C) as his final trade.

On April 12, Citigroup posted better-than-expected earnings for its first quarter. The bank reported a first-quarter fiscal 2024 revenue decline of 2% year-over-year to $21.10 billion, beating the consensus of $20.39 billion.

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Bill Baruch of Blue Line Capital named CrowdStrike Holdings, Inc. (NASDAQ:CRWD), saying the cloud is under attack and CrowdStrike is setting a record high.

On April 9, CrowdStrike announced an expanded partnership with Google Cloud to stop breaches across multi-cloud and multi-vendor environments..

Joshua Brown of Ritholtz Wealth Management picked Berkshire Hathaway Inc. (NYSE:BRK).

Price Action:

  • Bank of America shares rose 0.8% to close at $39.22 on Thursday.
  • Citigroup fell 0.2% to settle at $64.14 during Thursday's session.
  • CrowdStrike shares fell 1.2% to settle at $339.06 on Thursday.
  • Berkshire Hathaway shares rose 0.1% to close at $413.12 on Thursday.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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