Bank of America Corp. (BAC) Set to Announce Earnings on Wednesday
Bank of America Corp. (NYSE:BAC) is set to release its Q313 earnings data on Wednesday, October 16th. Analysts expect Bank of America Corp. to post earnings of $0.19 per share and revenue of $22.11 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Bank of America Corp. (NYSE:BAC) last announced its earnings results on Wednesday, July 17th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.07. The company had revenue of $22.95 billion for the quarter, compared to the consensus estimate of $22.61 billion. During the same quarter last year, the company posted $0.19 earnings per share. On average, analysts expect Bank of America Corp. to post $0.89 EPS for the current fiscal year and $1.35 EPS for the next fiscal year.
Shares of Bank of America Corp. (NYSE:BAC) opened at 14.35 on Tuesday. Bank of America Corp. has a one year low of $8.92 and a one year high of $15.03. The stock has a 50-day moving average of $14.23 and a 200-day moving average of $13.54. The company has a market cap of $154.2 billion and a P/E ratio of 31.05.
BAC has been the subject of a number of recent research reports. Analysts at ISI Group initiated coverage on shares of Bank of America Corp. in a research note to investors on Tuesday, October 8th. They set a “buy” rating on the stock. On the ratings front, analysts at Guggenheim cut their price target on shares of Bank of America Corp. from $17.00 to $16.00 in a research note to investors on Monday, September 30th. Finally, analysts at UBS AG raised their price target on shares of Bank of America Corp. from $14.50 to $15.50 in a research note to investors on Friday, September 27th. They now have a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have assigned a buy rating to the company’s stock. Bank of America Corp. presently has a consensus rating of “Hold” and an average target price of $14.65.
Bank of America Corporation (NYSE:BAC) is a bank holding company, and a financial holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.