A Glimpse of Bank of America's Earnings Potential

Bank of America BAC is preparing to release its quarterly earnings on Tuesday, 2024-10-15. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Bank of America to report an earnings per share (EPS) of $0.77.

Anticipation surrounds Bank of America's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Earnings History Snapshot

In the previous earnings release, the company beat EPS by $0.03, leading to a 0.34% drop in the share price the following trading session.

Here's a look at Bank of America's past performance and the resulting price change:

Stock Performance

Shares of Bank of America were trading at $41.95 as of October 11. Over the last 52-week period, shares are up 51.74%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

To track all earnings releases for Bank of America visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.