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Earnings Preview: What To Expect From Bank Of America On Tuesday

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The Bank of America branch on South Rochester Road, Rochester Hills, Michigan. Bank of America is an American financial services company and the second largest in America by deposits.

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Bank of America Corp. is scheduled to release earnings before Tuesday’s open. The stock hit a record high of&nbsp;$55.08/share in 2006 and is currently trading near $30/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Earnings Preview:

Bank of America&nbsp;is expected to report $0.65/share on $23.29&nbsp;billion in revenue. Meanwhile, the so-called Whisper number is $0.67. The Whisper number is the Street’s unofficial view on earnings.

Company Profile &amp; Various Businesses:

Here is a brief company profile courtesy of&nbsp;Thomson Reuters Eikon:

Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through its business segments: Consumer Banking, Global Wealth &amp; Investment Management (GWIM), Global Banking, Global Markets and All Other.

Competition:

The Company competes with other financial services companies such as: JP Morgan, Wells Fargo, Morgan Stanley, Goldman Sachs, and Citigroup, just to name a few.

Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the stock reacts to the news.&nbsp;&nbsp;

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The Bank of America branch on South Rochester Road, Rochester Hills, Michigan. Bank of America is an American financial services company and the second largest in America by deposits.

Getty

Bank of America Corp. is scheduled to release earnings before Tuesday’s open. The stock hit a record high of $55.08/share in 2006 and is currently trading near $30/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:

Gallery: America’s Best And Worst Banks 2016

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Earnings Preview:

Bank of America is expected to report $0.65/share on $23.29 billion in revenue. Meanwhile, the so-called Whisper number is $0.67. The Whisper number is the Street’s unofficial view on earnings.

Company Profile & Various Businesses:

Here is a brief company profile courtesy of Thomson Reuters Eikon:

Bank of America Corporation, incorporated on July 31, 1998, is a bank holding company (BHC) and a financial holding company. The Company is a financial institution, serving individual consumers, small- and middle-market businesses, institutional investors, corporations and governments with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through its business segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, Global Markets and All Other.

Competition:

The Company competes with other financial services companies such as: JP Morgan, Wells Fargo, Morgan Stanley, Goldman Sachs, and Citigroup, just to name a few.

Pay Attention To How The Stock Reacts To The News:

From where I sit, the most important trait I look for during earnings season is how the stock reacts to the news.  

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