Earnings Preview For Bank of America
Portfolio Pulse from Benzinga Insights
Bank of America (NYSE:BAC) is scheduled to release its quarterly earnings report on January 12, 2024. Analysts predict an EPS of $0.70. Investors will be looking for an earnings beat and positive guidance for future growth. Historical data shows mixed stock price reactions to past earnings reports. Shares are currently trading at $33.6, with a 5.02% decline over the last year. The upcoming earnings report could influence investor sentiment, especially considering the recent bearish trend.
January 11, 2024 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Bank of America is expected to report an EPS of $0.70 for the upcoming quarter. Historical performance shows a mixed reaction in stock price post-earnings. Current share price is $33.6, with a 5.02% decline over the past year.
The short-term impact on BAC's stock price will likely hinge on whether the actual earnings beat or miss the estimated EPS of $0.70 and the forward guidance provided. Historical data indicates that the market's reaction to BAC's earnings can be unpredictable, with both positive and negative post-earnings price movements in the past year. The current downward trend in the stock's year-to-date performance may set a bearish tone, but a positive earnings surprise and guidance could counteract this sentiment.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100