Bank Of America Earnings Review

The Bank is expected to report an EPS of $0.33, which is lower than the EPS of $0.44 which was reported by the company in the previous quarter

Bank of America Corporation has scheduled for its earnings report to be released on October 14, and the investment firm has prepared itself for some positivity despite the bearish attitude of the investors that is commonly being seen in the market. The investors have turned negative towards Bank of America stock of the company due to many reasons, and most of them took place recently which changed the way they previously looked at the way the giant was carrying out its activities in the industry. The banking sector of the United States has fallen by some factors effecting the stable position they were in the past which has also brought a difference to the business of the company.

The major drawback that is being faced by the Bank is of the low interest which is being deemed as one of the reasons why the investment company is seen to be falling on the index. This is also because of the fact that interest on investment is what the bank earns from, and if that interest falls, it affects the revenue generation of the bank by a huge difference.

On the other hand, analysts who have been keeping an eye on the stock of the bank have emerged as quite bearish about the upcoming earnings report, while the future expectations show that the analysts are being more negative for the quarters to come in near future.

The EPS that is expected to be released by the Bank of America, according to the analysts of the Street, have come around $0.33 for the current quarter. This shows a dip of around $0.10, as the giant reported an EPS of $0.44 in the previous quarter of the year. The net income margin, however, has shown growth of 18 percent only, which is much lower than what was reported in the previous quarter.

Despite the problems the Bank has been facing for some time, analysts have turned around to be quite over to the positive side for the future of the business. Around forty analysts at Bloomberg sent out rankings for the bank in a poll, in which a majority of around 28 were seen to give it a ‘Buy’ rating, whereas nine of them ended up giving it a ‘Hold’ rating.