“SAN FRANCISCO (MarketWatch) — Bank of America Corp. on Thursday extends the run of big banks reporting earnings this week. Its biggest challenge will be how it stages a turnaround as it seeks to recover from wounds inflicted by its mortgage business.
Hopes are high for the sector as B. of A. BAC +1.99% follows stellar earnings from Goldman Sachs Group Inc. GS +4.06% and J.P. Morgan Chase & Co. JPM +1.01% . J.P. Morgan’s results topped Wall Street earnings estimates even as it continues to deal with its “London Whale” controversy. Read more on financial stocks on Wednesday.
Of 21 analysts surveyed by FactSet, Bank of America is expected to report earnings of 2 cents a share on revenue of $21.19 billion. With that in mind, here are five things to consider before Bank of America reports earnings Thursday morning….”
If you enjoy the content at iBankCoin, please follow us on Twitter
