#Binance america full#
#Binance america license#

Source Hiring Talent to Become More CompliantĪs part of its commitment to best-in-class compliance, the company has also received money transmitter licenses in West Virginia, Wyoming, and Rhode Island. The company plans to use the funds to develop new products and services to be announced soon and invest in marketing and consumer education initiatives. During that period, the US counterpart to Binance had launched in Connecticut and Louisiana, bringing the number of states and territories supported to 45 and 8, respectively. In order to expand its operations in the United States, Binance.US has raised an additional $200 million in April at a valuation of $4.5 billion with participation from investors such as RRE Ventures, Foundation Capital, and Original Capital. “Our goal is to demonstrate our compliance-first mindset and secure the remaining licenses so we can provide our services in all 50 states by the end of the year.” “The timelines vary for each state, but we are engaged in active and productive discussions with state regulators,” the spokesperson expresses. As reported by Casey Wagner from Blockworks on June 3, the states of Hawaii, New York, Texas, and Vermont have to wait for Binance.US's services, but as per a company spokesperson, this may not be the case for very long. As a result of the recent development, the US counterpart of the largest exchange in the world is now available in 46 of the 50 states.

#Binance america license#

Its industry sports an average Forward P/E of 7.47, so we one might conclude that Bank of America is trading at a premium comparatively.Binance,US, the largest cryptocurrency exchange globally, is on track to reach its goal of acquiring a license in all 50 US states by the end of 2022.īinance.US went one step further, recently making it possible for Idaho residents to use its exchange to buy, sell, and trade cryptocurrencies.

In terms of valuation, Bank of America is currently trading at a Forward P/E ratio of 8.28. Bank of America is currently a Zacks Rank #3 (Hold). The Zacks Consensus EPS estimate has moved 0.69% higher within the past month. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions typically reflect the latest short-term business trends, which can change frequently. These totals would mark changes of +7.21% and +6.29%, respectively, from last year.Īny recent changes to analyst estimates for Bank of America should also be noted by investors.

#Binance america full#

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.42 per share and revenue of $100.92 billion. Meanwhile, our latest consensus estimate is calling for revenue of $25.23 billion, up 11.21% from the prior-year quarter. On that day, Bank of America is projected to report earnings of $0.86 per share, which would represent year-over-year growth of 17.81%.

Wall Street will be looking for positivity from Bank of America as it approaches its next earnings report date. This has lagged the Finance sector's loss of 2.32% and the S&P 500's gain of 1.03% in that time. Prior to today's trading, shares of the nation's second-largest bank had lost 2.51% over the past month. At the same time, the Dow lost 0.15%, and the tech-heavy Nasdaq lost 2.33%. In the latest trading session, Bank of America (BAC) closed at $28.26, marking a -0.18% move from the previous day.