Bank of America Corporation is set to announce its second-quarter financial results on Tuesday, July 16. Analysts predict that the North Carolina-based company will report earnings of 80 cents per share for the quarter, a decrease from the 88 cents per share reported in the same period last year. Revenue for the quarter is expected to be around $25.22 billion, according to data from Benzinga Pro. In the first quarter, Bank of America outperformed expectations with its earnings report on April 16.
Despite the anticipated drop in earnings, analysts are somewhat bullish on Bank of America’s performance. The company’s shares closed at $41.59 on Friday, falling by 0.5%. Investors and readers interested in tracking the latest analyst ratings and forecasts for Bank of America can access the information on the Analyst Stock Ratings page on Benzinga. By sorting through different variables, readers can gauge the sentiment from Wall Street’s most accurate analysts towards the company in recent periods. With access to insights, alerts, and breaking news, investors can stay informed about the stocks they are interested in as they make investment decisions.
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