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Kritika Sarmah

Bank of America Earnings Preview: What to Expect

Bank of America

North Carolina-based Bank of America Corporation (BAC) provides various financial products and services to individuals and businesses, commanding a market cap of $308.1 billion. The financial titan is expected to announce its fiscal Q3 earnings for 2024 before the market opens on Tuesday, October 15.

Ahead of the event, analysts expect Bank of America to report a profit of $0.80 per share, down 11.1% from $0.90 per share reported in the year-ago quarter. However, the company has consistently surpassed Wall Street’s EPS estimate over the past four quarters. The company’s EPS of $0.83 successfully beat the consensus earnings estimates by 5.1% in the recent quarter.

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