Bank of America Likely To Report Lower Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Bank of America Corporation (NYSE:BAC) is anticipated to report lower earnings for Q4, with analysts predicting earnings of 63 cents per share, down from 85 cents in the previous year, and revenue of $23.74 billion, down from $24.66 billion. Despite better-than-expected earnings in Q3, BAC shares fell 1.3% recently. Analysts from Goldman Sachs, Oppenheimer, Keefe, Bruyette & Woods, BMO Capital, and Piper Sandler have provided various ratings and price targets for BAC stock.
January 12, 2024 | 7:02 am
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Bank of America is expected to report lower Q4 earnings with a predicted EPS of 63 cents and revenue of $23.74 billion. The stock recently fell by 1.3%, and analysts have provided mixed ratings and price targets.
The expected decrease in earnings and revenue for Q4 suggests a negative short-term impact on BAC's stock price. The recent 1.3% drop in share price may reflect market sentiment ahead of the earnings call. Analyst ratings and price target adjustments indicate a mixed outlook, which could contribute to market uncertainty and potential volatility in the stock price.
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