Bank of America Tops Q3 Earnings Estimates The continued drag on low interest rates, which pressured its revenues didn't keep Bank of America Corp. (BAC) from posting a better-than 7% increase in third quarter profits Monday. Although the company continues to work through various mortgage-related legal issues, Bank of America appears to be on firmer footing and has graduated beyond being just a "work in progress."
Reported before open today (10/17/16) Earnings: EPS $0.41 Revenue $21.6B Estimates: EPS $0.33 Revenue $20.9B Up 0.31% today
BAC moving near the upper BB but not overbought yet. Bring on that Fed hike and blow out the 52 Week high
BAC taking a breather today from a nice run. This is my biggest $ winner behind AMD not to mention my 2018 calls
With the FBI probe clearing Clinton this is another sampling of upward potential for BAC if the FED raises.
BAC should get more downgrades Bank of America Downgraded by Deutsche Bank http://www.investopedia.com/news/bank-america-downgraded-deutsche-bank-bac/?partner=YahooSA
A touch on the 18+ today ahead of schedule on very strong volume. Maybe some profit taking before a re-surge above 18 I posted this chart on April 17th..I love when a plan comes together