What Time Does Bank of America Report Earnings Tomorrow?
The fourth-largest U.S. bank by assets, Bank of America (BAC) will report first-quarter earnings before the bell tomorrow. Analysts expect earnings per share of $0.48 on revenue of $22.39 billion. And so in this blog post, we will look at what is likely going to happen at the Earnings Report, and will seek to answer the question of what time does Bank of America Report earnings tomorrow? Be sure to read on or subscribe for more details and information on all things business and finance, thanks for reading!
When Does the Earnings Report Come Out On Tax day?
This would mark a year-over-year decline in both EPS and in its overall Price to Earnings Multiple. Personally, I am saying that Bank of America defeats its earnings targets and that there is a big spike in the stock price at opening bell. Just like how it happened 2 years ago with the pandemic, because we are seeing sell-offs in the market, it makes for a really good quarter due to all of the 
trading fees. I say that Bank of America beats out all the expectations and is up as much as 4% or 5% at market open.
Could Bank of America Beat The Analyst Predictions At Market Open?
The fourth-largest U.S. bank by assets, Bank of America (BAC) will report first-quarter earnings before the bell tomorrow.
Analysts expect earnings per share of $0.48 on revenue of $22.39 billion.
This would mark a year-over-year decline in both Bank of America and for the majority of the rest of the sector.
Who Else Reports Earnings Tomorrow Morning?
Tomorrow is a big day for earnings reports. In addition to Bank of America, JP Morgan (JPM), Goldman Sachs (GS), and Citigroup (C) will all report before the market open.
JP Morgan is expected to report earnings per share of $2.87 on revenue of $33.51 billion. This would mark a year-over-year decline in EPS but an increase in revenue.
Goldman Sachs is expected to report earnings per share of $5.94 on revenue of $11.88 billion. This would mark a significant decline in both EPS and revenue when compared to last year’s first quarter.
Citigroup is expected to report earnings per share of $1.40 on revenue of $19.54 billion. This would mark a year-over-year decline in both EPS and revenue.
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Why The Earnings Matter, And How They Affect The Short Term Stock Price
The earnings matter because they give us insight into how the banks are performing. They also give us insight into how the economy is doing. The earnings reports are closely watched by analysts and investors alike.
The banks are some of the most important companies in the world. They are at the heart of the global financial system. Their earnings reports give us insight into how they are performing and how the global economy is doing.
The earnings matter because they give us insight into how the banks are performing. They also give us insight into how the economy is doing. The earnings reports are closely watched by analysts and investors alike.
The full list of Earnings Reports hitting the market tomorrow are:
As Per Market Rebels on Twitter (Love the Najarian Brothers!) the following companies are reporting earnings tomorrow:
Bank of America
Charles Schwab
BNY Mellon
Synchrony
J.B. Hunt
Equity Lifestyle properties
Pinnacle Financial Partners
Looks like it should be a fun day. Happy Tax Day!
Final Thoughts On What Time Does Bank of America Report Earnings Tomorrow?
Bank of America is going to be reporting earnings just before opening Bell tomorrow morning, April 18th on Tax Day. All the analysts are speculating on a mild downtick in the stock price based on year over year earnings being slightly lower. I am taking a bullish approach on the stock and saying that because of the additional trading and the sell-offs that happened in high numbers, due to the stock market dip in Q1 of 2022, that they will have high commissions on trading fees, and that this will spike the stock price up as all the analysts are incorrect. Expect a 4% increase in earnings first thing in the morning, and thanks again for reading, I will amend this blog post tomorrow if I am correct!
Cheers!
*Inflation Hedging.com
Sources:
https://www.bankrate.com/banking/cds/cd-rates/
https://money.cnn.com/data/markets/
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