Bank of America (NYSE: BAC) is scheduled to reveal its financial results for the third quarter on Tuesday 15th October 2024. This disclosure will take place before market open, providing investors with significant information regarding the company's performance in the last three months period.
According to the predictions of financial experts on Wall Street, the concern is expected to announce an anticipated $0.77 profit per share for the quarter. Further, the firm is poised to disclose a total revenue of $25.29 billion for the period.
Analysts on Wall Street have shared their predictions regarding the annual performance of the company, estimating a total revenue of $101.84 billion. Additionally, they are expecting the company to achieve per share profit of $3.21 for the fiscal year.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $0.9. This numbers can be credited to the company's total revenue, which amounted to an impressive $25.32 billion during the same quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $0.83 | -5.7% | 25.54 B | +0.8% |
| Q1 2024 | $0.83 | -11.7% | 25.98 B | -1.6% |
| Q4 2023 | $0.70 | -17.6% | 23.50 B | -4.7% |
| Q3 2023 | $0.90 | +11.1% | 25.32 B | +2.9% |
| Q2 2023 | $0.88 | +20.5% | 25.33 B | +11.1% |
| *Growth on year-over-year basis | ||||
BAC will host a conference call with investment community on 15th October 2024 at 08:30 AM eastern time to discuss the financial results.
Bank of America (BAC) shares traded as low as $40.40 and as high as $42.17 on a day volume of 50.66 million shares, closed Friday's regular trading session at $41.95, a rise of 4.95 percent.
