Bank of America Likely To Report Lower Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Bank of America (NYSE:BAC) is expected to report lower Q2 earnings, with analysts forecasting 80 cents per share, down from 88 cents a year ago, and revenue of $25.22 billion. Despite this, several analysts have recently upgraded their ratings and increased price targets for BAC.
July 15, 2024 | 2:38 pm
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Bank of America is expected to report lower Q2 earnings, with forecasts at 80 cents per share and $25.22 billion in revenue. Despite this, several analysts have upgraded their ratings and increased price targets, indicating a mixed outlook.
The expected lower earnings could negatively impact the stock price in the short term. However, the recent upgrades and increased price targets from multiple analysts suggest a potential for recovery or stability, balancing the overall impact.
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IMPORTANCE 90
RELEVANCE 100