Bank of America Fourth Quarter Earnings Sneak Peek
Stock Price Performance: Between November 13, 2012 and January 11, 2013, the stock price had risen $2.30 (24.7%), from $9.33 to $11.63. The stock price saw one of its best stretches over the last year between August 13, 2012 and August 22, 2012, when shares rose for eight straight days, increasing 6.5% (+50 cents) over that span. It saw one of its worst periods between May 7, 2012 and May 17, 2012 when shares fell for nine straight days, dropping 12.3% (-98 cents) over that span.
Wall St. Revenue Expectations: On average, analysts predict $21.03 billion in revenue this quarter, a decline of 15.5% from the year-ago quarter. Analysts are forecasting total revenue of $86.88 billion for the year, a decline of 7% from last year’s revenue of $93.45 billion.
On the top line, the company is looking to rebound after a revenue drop last quarter. Revenue rose 38.4% in the the second quarter after dropping in the third quarter.
Analyst Ratings: There are mostly holds on the stock with 16 of 26 analysts surveyed giving that rating.
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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)