What's Going On With Bank Of America (BAC) Shares
Portfolio Pulse from Henry Khederian
Bank of America Corp (BAC) shares are trading higher by 1.4% amid overall market strength following a lighter-than-expected June inflation report. The company's second-quarter earnings report is expected to show revenue of $25.16 billion and EPS of 84 cents. U.S. CPI inflation in June decelerated more than anticipated, reinforcing investor expectations of a single rate hike by the Federal Reserve.
July 12, 2023 | 5:33 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bank of America's stock is trading higher due to overall market strength and lower than expected inflation. The upcoming earnings report could further influence the stock's performance.
The stock is trading higher due to overall market strength and lower than expected inflation. The upcoming earnings report, which is expected to show strong results, could further boost the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100