Still Waiting for a Deal
Earnings SeasonBank of America ( BAC) is last among the "big four" U.S. banks, being scheduled to announce its third-quarter results early Wednesday. Analysts polled by Thomson Reuters on average estimate the company will post third-quarter earnings of $2.126 billion, or 18 cents a share, compared to 32-cent profit during the second quarter and a break-even third quarter of 2012, when debit valuation adjustments and several one-time items wiped out earnings. The consensus third-quarter revenue estimate is $22.034 billion, compared to $22.727 billion the previous quarter and $20.428 billion a year earlier. Bank of America's shares on Tuesday were down 0.8% to close at $14.24. The shares have returned 23% this year and trade for 10.6 times the consensus 2014 EPS estimate of $1.35. C data by YCharts
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