Last week, you might have seen that Bank of America Corporation (NYSE:BAC) released its quarterly result to the market. The early response was not positive, with shares down 9.8% to US$37.58 in the past week. The result was positive overall – although revenues of US$25b were in line with what the analysts predicted, Bank of America surprised by delivering a statutory profit of US$0.83 per share, modestly greater than expected. Earnings are an important time for investors, as they can track a company’s performance, look at what the analysts are forecasting for next year, and see if there’s been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
View our latest analysis for Bank of America
Following the latest results, Bank of America’s 17 analysts are now forecasting revenues of US$102.2b in 2024. This would…
