Bank of America Corporation (BAC) will unveil its first-quarter results on April 16. Wall Street anticipates a year-over-year decline in the bank’s earnings and revenue. In this piece, I have discussed why waiting for an opportune entry point in the stock could be wise.
For the first quarter, BAC’s EPS and revenue are expected to decline 17.6% and 3.3% year-over-year to $0.77 and $25.39 billion, respectively. The company has a solid earnings history, beating the consensus estimate in three of the trailing four quarters.
