Bank of America Corp Fourth Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Bank of America Corp (NYSE:BAC) will unveil its latest earnings on Thursday, January 19, 2012. Bank of America is a bank holding and a financial holding company which, through its subsidiaries, provides banking and other financial services and products to customers in the United States and abroad.

Bank of America Corp Earnings Preview Cheat Sheet.

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 21 cents per share, a rise of more than fivefold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 19 cents. Between one and three months ago, the average estimate moved down. It has risen from 17 cents during the last month. For the year, analysts are projecting net income of 6 cents per share, a decline of 93% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 8 cents, coming in at profit of 28 cents per share against an estimate of net income of. The company also topped expectations in the second quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 7.5% in revenue from the year-earlier quarter to $24.08 billion.

Analyst Ratings: Analysts seem relatively indifferent about Bank of America with 13 of 24 analysts surveyed maintaining a hold rating.

A Look Back: In the third quarter, the company swung to a profit of $6.23 billion (56 cents a share) from a loss of $7.3 billion (77 cents) a year earlier, beating analyst estimates. Revenue rose 4% to $33.9 billion from $32.6 billion.

Key Stats:

A year-over-year revenue increase in the third quarter snapped a streak of three consecutive quarters of revenue declines. Revenue fell 46.3% in the second quarter, 15.5% in the first quarter and 10.8% in the fourth quarter of the last fiscal year.

Competitors to Watch: Citigroup Inc. (NYSE:C), Wells Fargo & Company (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), U.S. Bancorp (NYSE:USB), Goldman Sachs Group, Inc. (NYSE:GS), Barclays PLC (NYSE:BCS), Morgan Stanley (NYSE:MS), PNC Financial Services (NYSE:PNC), KeyCorp (NYSE:KEY), and American Express Company (NYSE:AXP).

Stock Price Performance: During December 14, 2011 to January 13, 2012, the stock price had risen $1.38 (26.4%) from $5.23 to $6.61. The stock price saw one of its best stretches over the last year between December 28, 2011 and January 5, 2012 when shares rose for six-straight days, rising 19.3% (+$1.02) over that span. It saw one of its worst periods between July 7, 2011 and July 19, 2011 when shares fell for nine-straight days, falling 12.4% (-$1.35) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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