What analyst predict for Bank of America Corporation NYSE:BAC?<

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What analyst predict for Bank of America Corporation NYSE:BAC?

Bank of America Corporation NYSE:BAC headquartered in Charlotte, North Carolina, United States is reporting their earnings on 07/16/2018 before the bell. Street forecast for the quarter ending March 2018 is $0.62.

According to stock market daily analyst this is Lower then same time previous year. Bank of America Corporation, reported EPS for the same quarter last year was $0.46.

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Overview of Bank of America Corporation NYSE:BAC

Bank of America Corporation (abbreviated as BofA) is an American multinational financial services company headquartered in Charlotte, North Carolina. It is ranked 2nd on the list of largest banks in the United States by assets.As of 2016, Bank of America was the 26th largest company in the United States by total revenue. In 2016, it was ranked #11 on the Forbes Magazine Global 2000 list of largest companies in the world.

Its acquisition of investment bank Merrill Lynch in 2008 solidified it as a “Bulge Bracket bank”, becoming a major player in the investment banking market.As of December 31, 2017, it had US$1.081 trillion in assets under management (AUM). As of December 31, 2016, the company held 10.73% of all bank deposits in the United States. It is one of the Big Four banks in the United States, along with Citigroup, JPMorgan Chase and Wells Fargo—its main competitors. Bank of America operates—but does not necessarily maintain retail branches[11]—in all 50 states of the United States, the District of Columbia and more than 40 other countries. It has a retail banking footprint that serves approximately 46 million consumer and small business relationships at 4,600 banking centers and 15,900 automated teller machines (ATMs).

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