Rochester,NY 7/5/2009 1:55:42 AM
Weekend Report - BAC - Coming Week: Earnings Fireworks on Tap - Sourced WhisperFromWallStreet.com
Bank of America Corporation
Weekend Report - BAC - Coming Week: Earnings Fireworks on Tap - Sourced WhisperFromWallStreet.com
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Bank of America Corporation,BAC
Market Update: 12.60 Down 0.04 (0.32%) 7:59PM ET
Once the last of the hamburgers and hot dogs are eaten and the grill has cooled off, investors will put the lazy long weekend behind them and start gearing up for the beginning of the earnings flood.
Alcoa(AA Quote) will kick off the second-quarter earnings season when it reports results after Wednesday's closing bell. Analysts expect the aluminum giant will post a loss of 34 cents a share on revenue of $3.93 billion, according to Thomson Reuters.
But the real earnings hurricane won't hit until the following week, turning the next five sessions into the proverbial calm before the storm.
Aside from Alcoa, the roster of companies set to report results next week include less sexy names like Ruby Tuesday(RT Quote), Family Dollar(FDO Quote), Pepsi Bottling(PBG Quote), 3Com(COMS Quote) and Infosys(INFY Quote).
Conversely, JPMorgan Chase(JPM Quote), Intel(INTC Quote), Bank of America(BAC Quote), Citigroup (C Quote) and Nokia (NOK Quote), among several others, are scheduled to report between July 13 and July 17.
About
Bank of America Corporation, a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally. Its Global Consumer and Small Business Banking segment offers savings accounts, money market savings accounts, certificate of deposits, individual retirement accounts, and checking accounts; U.S. Consumer and Business Card, unsecured lending, and international card; consumer real estate products, including mortgage products for home purchase and refinancing, reverse mortgage products, and home equity products; and insurance services. The company?s Global Corporate and Investment Banking segment provides commercial and corporate bank loans, indirect consumer loans, real estate lending products, and leasing and asset-based lending products for banking clients, middle market commercial clients, multinational corporate clients, public and private developers, homebuilders, and commercial real estate firms; advisory services, financing, and related products for institutional investor clients in support of their investing and trading activities; debt and equity underwriting, merger-related advisory services, and risk management solutions; and treasury management, trade finance, foreign exchange.
Last Trade: 12.64
Day's Range: 12.62 - 13.05
52wk Range: 2.53 - 39.50
Volume: 215,974,585
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