Bank of America: Earnings Pattern with 92% Historical Win Rate


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BAC to Release Earnings on April 16

Bank Of America (NYSE:BAC) is scheduled to release earnings on April 16, 2018, before the market opens, and will hold a conference call at 8:30 AM ET on the same day. The stock currently trades at 29.92, which is 4.0% lower than the close following its last reported earnings, trading with a range of 28.75 to 33.05 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 3.6% move for this earnings, and during the previous earnings release, the stock experienced a -0.2% move. Over the last 12 quarters, the absolute average move has been ± 1.3%, with a minimum move of 0.2% and a maximum move of 3.3%. BAC has only experienced 1 larger-than-expected earnings move in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical pattern.
2 Weeks After Earnings:For 11 of the last 12 quarters (92%), BAC stock price has gone up in the 2 weeks following earnings. It has had an average gain of +2.9% during that span.
 

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that selling at-the-money straddles resulted in 83% winning occurrences, for an average return of +31.9%.

EPS Estimate

Analysts are currently expecting BAC to report an earnings of $0.59 per share, compared to $0.41 for the same quarter last year. Revenue is expected to come in at $23.0 billion versus $22.4 billion for the previous year.
 
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