Bank of America Corp (NYSE: BAC) announced on Friday that it would be announcing its third quarter earnings results on Tuesday, October 19th before the market opens.
The Charlotte-based bank plans to release its earnings results at 7:00 AM Eastern followed by a presentation to investors at 8:30 AM Eastern. The web-cast, along with the associated presentation and other information related to the company’s earnings will be available through Bank of America Investor Relations website.
Shares of Bank of America Corp (NYSE: BAC) traded up 1.66% on Friday ending the week at $13.50. The stock traded down $0.01 over the weekend in after-hours trading. Bank of America has a market cap of $135.46 billion and has a 52 week range of $12.18 to $19.86. The stock has been hammered during the most recent quarter as investors have become concerned about the bank’s reliance on U.S. market as new financial regulations are enacted and as consumers continue to face high unemployment rates.
Bank of America Corporation is a bank holding company, and a financial holding company. The Company is a financial institution, serving individual consumers, small and middle market businesses, large corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. Through its banking subsidiaries (the Banks) and various nonbanking subsidiaries throughout the United States and in selected international markets, it provides a range of banking and nonbanking financial services and products through six business segments: Deposits, Global Card Services, Home Loans & Insurance, Global Banking, Global Markets, Global Wealth & Investment Management (GWIM), with the remaining operations recorded in All Other. On January 1, 2009, the Company completed the acquisition of Merrill Lynch.
