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 1.01% to $29.41. The rise is attributed to last week's strong earnings from JPMorgan and Wells Fargo. The market is anticipating Bank of America's second-quarter earnings report, expected to be released on Tuesday. The company is projected to report EPS of 84 cents on revenue of $25.05 billion.
July 17, 2023 | 7:38 pm
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Bank of America's shares are trading higher, possibly due to strong earnings from other banks. The upcoming Q2 earnings report could further influence the stock's performance.
The rise in BAC's shares is likely due to the strong earnings reported by JPMorgan and Wells Fargo, which may have boosted investor confidence in the banking sector. The upcoming earnings report from BAC could further influence the stock's performance, depending on whether it meets or exceeds market expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100