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).

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