
Financial services giant Bank of America (NYSE: BAC) will be reporting earnings this Tuesday morning. Here’s what to expect.
Bank of America beat analysts’ revenue expectations last quarter, reporting revenues of $30.37 billion, up 7% year on year. It was a satisfactory quarter for the company, with a beat of analysts’ EPS estimates but a slight miss of analysts’ tangible book value per share estimates.
Is Bank of America a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Bank of America’s revenue to grow 11.3% year on year, improving from the 4.4% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Bank of America has a history of exceeding Wall Street’s expectations.
With Bank of America being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 4.2% on average over the last month. Bank of America is up 6.8% during the same time .
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