Preview: Bank of America's Earnings
Portfolio Pulse from Benzinga Insights
Bank of America (NYSE:BAC) is set to release its quarterly earnings report on Tuesday, 2023-10-17, with an estimated EPS of $0.81. The company's past performance shows a trend of beating EPS estimates, which has generally led to an increase in share price. However, the stock has been down 22.62% over the last 52-week period.
October 16, 2023 | 9:00 pm
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NEUTRAL IMPACT
Bank of America's upcoming earnings report could potentially impact its stock price. The company has a history of beating EPS estimates, which has generally led to a share price increase. However, the stock has been down 22.62% over the last 52 weeks.
The upcoming earnings report is a significant event for Bank of America. The company's history of beating EPS estimates could potentially lead to a positive reaction in the stock price. However, the overall negative trend in the stock's performance over the past year may temper investor expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100