Bank of America Corp expected to post earnings of 63 cents a share - Earnings Preview

* Bank of America Corp is expected to show a fall in quarterly revenue when it reports results on January 12 for the period ending December 31 2023

* The Charlotte North Carolina-based company is expected to report a 3.7% decrease in revenue to $23.743 billion from $24.66 billion a year ago, according to the mean estimate from 9 analysts, based on LSEG data. (Revenue represents Total revenue FTE basis)

* ​LSEG's mean analyst estimate for Bank of America Corp is for earnings of 63 cents per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 13 "hold" and 1 "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Bank of America Corp is $37.00​, above​ its last closing price of $33.63. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Sep. 30 2023 0.82 0.82 0.90 Beat 10

Jun. 30 2023 0.85 0.84 0.88 Beat 4.6

Mar. 31 2023 0.80 0.82 0.94 Beat 15.1​

Dec. 31 2022 0.76 0.77 0.85 Beat 10.7

​​Sep. 0.79 0.77 0.81 Beat 4.8

30 2022

Jun. 30 2022 0.75 0.75 0.78 Beat 4.5​

Mar. 31 2022 0.75 0.75 0.80 Beat 6.9

Dec. 31 2021 0.77 0.76 0.82 Beat 7.8

This summary was machine generated January 10 at 13:32 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)