Posts Tagged ‘bac’

Wall Street still appears to be quite skeptical of Bank of America’s ability to get back on the right track in the near term.

While Bank of America’s stock has experienced a furious rally since dropping below $3 in March, the stock hasn’t move much at all over the last two months as investors wait to see further signs of improvement.

Optimism is building ahead of Bank of America’s second quarter results as analysts scramble to increase their earnings projections.

With Home Depot and Hewlett Packard both reporting earnings last week, we have now had all 30 of the Dow stock components report their first quarter results.

While there has been some glimmer of optimism in the markets over the last few weeks, the reality is that the financial environment has shown little to no improvement.

Based on our analysis, we are expecting BAC to report disappointing results that fail to meet Wall Street’s expectations.