Posted 12/18/2023, 10:45:18 PM
Bank of America Stock Slips Despite Market Gains Ahead of Q4 Earnings Release
- Bank of America (BAC) stock dropped 0.51% despite market gains
- BAC earnings release scheduled for January 12, 2024, with expected EPS decline of 16.47%
- BAC revenue estimate of $24.11B for upcoming quarter, down 1.71% year-over-year
- BAC expected to see full year earnings growth of 7.84% and revenue growth of 6.14%
- BAC currently trading at Forward P/E ratio of 9.78, compared to industry average of 10.3