Bank of America earnings: What to expect

Bank of America Corp. weighs in with its third-quarter earnings update as the bank looks to continue the momentum from the first half of the year.

Analysts have trimmed their profit only slightly from the forecast of 83 cents a share at the start of the quarter, as Bank of America’s large consumer banking unit benefits from a relatively strong U.S. economy and jobs picture. Stock movement: Caught up in the bearish sentiment in the sector, Bank of America stock dropped 4.6% during the third quarter. In the past month, Bank of America’s stock has dropped by 6.1% in the past month, compared to a 1.7% drop by the S&P 500 SPX.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amid a rocky market in preferred securities, Bank of America finds opportunityBank of America is cautious on preferred securities, but sees some relative value in these names.
Source: CNBC - 🏆 12. / 72 Read more »

Bank of America Corp. stock rises Monday, still underperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

As oil prices rise, these global stocks are set to outperform: Bank of AmericaBank of America said that three global stocks were set to benefit from both rising gas and oil prices.
Source: CNBC - 🏆 12. / 72 Read more »