Fords Reported Third Quarter FY15 Earnings

The auto making company has reported a very strong quarter this time again and analysts believe the giant is on the right track, despite the criticism being thrown its way by politician Donald Trump

Fords Motors, which is one of the most dominant auto makers in Detroit has recently reported earnings for the quarter ending on September 30,  they have not come up to the high expectations of the analysts who seem to constantly compare the giant with its rival General Motors. 

Ford reported $2.7 billion in adjusted revenues, which is approximately $1.5 billion more than the prior year quarter. The earnings came in at 45 cents and failed to surpass estimated EPS of 46 cents, however

The one penny difference that was made to the EPS estimated and the one that was reported was due it was $0.21 better than the similar quarter last year.to the expectation of tax deduction rate to 32% by the Wall Street analysts, where the actual tax rate that was presented by the company was 33%.

Analysts in the industry are talking about the kind of strength that was shown by smart car and trucks manufacturers, where the net income turned out to be $1.1 billion more than before, and $1.9 billion in totality. On a completely different side, analysts have also pointed out at the fact that despite the constant criticism that was faced by the luxury car makers coming in from politician Donald Trump, the auto giant has still managed to report so much strength on the index.

Ford Chief Executive Officer and President Mark Fields said during the earnings announcement, "The Ford team delivered an outstanding quarter — with record third quarter profit, best quarter ever for North America, higher wholesales, higher revenue, higher market share and improved margin,"

Trump has been making critical and cynical remarks about the way Fords business has been making large investments in Mexico and this has put off the company on many levels. In a press interview, CEO Mark Fields commented on how the politicians in the country might not be dealing with the right kind of facts and how his company only considers what is right and profitable for it and does not pay attention to rumors and opinions that might harm the giant in any way. 

Ford stock was down 0.14% to $14.72 on Wednesday October 28 as of 09:40 AM EDT.  

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.