Bank of America (BAC) will report Q4 earnings before the market opens tomorrow
Current Cap IQ Consensus estimates Q4 adj. EPS of $ 0.75 (vs $ 0.60 last year) on revs of $22.180 bln +10.4%
TECHS:
Shares chugged higher last week topping out at around $50.
Since then, shares have sold off ~6% in the last 2 sessions as peers JPMorgan Chase (JPM -4%) and Goldman Sachs (GS -7%) have posted underwhelming results in back to back sessions;
BAC trades at roughly 15.1x forward earnings estimate vs peers Wells Fargo (WFC at 13.4x) and Citigroup (C at 9.5x).
If you liked this content please click the ❤️ below and/or share this post.
SHAMLESS PLUGS
CLICK HERE TO CHECK OUT MY 2021 PREVIEW OPINION PACKET. OVER 80 PAGES OF CONTENT AND INFORMATION AVAILABLE HERE.
TOTALLY FREE Trading Packet!
Click here to get my packet that shows you how I traded $600 into $100K FOR FREE.
This packet will explain to you in depth how I trade and how I manage my risk.
I am happy to share this. Just use the code KPAKFRAUD at checkout and you will get it TOTALLY FREE. You will pay absolutely nothing.
Check out the latest episodes on my YouTube above and SoundCloud channel below.