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Tag: Earnings

What to Expect From Bank of America’s 3Q Earnings

What to Expect From Bank of America’s 3Q Earnings

Finance
Earnings season is upon us, with all four of the nation's biggest banks set to report third-quarter results this week. JPMorgan Chase (NYSE: JPM) and Citigroup (NYSE: C) will kick things off on Thursday, followed by Bank of America (NYSE: BAC) and Wells Fargo (NYSE: WFC) on Friday.Here's what to expect from Bank of America's performance in the three months ended Sept. 30, 2017.Image source: Getty Images.Bank of America's 3Q earnings previewGenerally speaking, Bank of America's earnings are expected to rise. In the third quarter of last year, the nation's second-biggest bank by assets earned $ 0.41 per share. The consensus estimate for the just completed quarter, by contrast, pegs the bank's earnings per share at $ 0.46, which would translate into a 12% inc...
Weighing The Week Ahead: Can Earnings Season Spark A Big Year-End Rally?

Weighing The Week Ahead: Can Earnings Season Spark A Big Year-End Rally?

Finance
Shutterstock photoBy Jeff Miller :After last week's avalanche of economic data, the calendar is back to normal. More important is the onset of earnings season. Recent data have reassured many observers about the health of the U.S. economy. The period of seasonal weakness is ending. Expect people to be asking:Can this earnings season lead to a big year-end rally?Last Week RecapMy expectation for last week concerned the relationship between economic and stock market strength. That discussion might come another day, but last week's attention was focused on Las Vegas.The Story in One ChartI always start my personal review of the week by looking at this great chart from Doug Short via Jill Mislinski. She notes the gain of 1.18% on the week, as well as other key comparisons. Once again, it was a...
Mayweather vs. McGregor: Study breaks down earnings, social reach for fight

Mayweather vs. McGregor: Study breaks down earnings, social reach for fight

Sports
Aug. 30 (UPI) -- A new study revealed that Floyd Mayweather made $ 59,347 per second for his fight against Conor McGregor and many other interesting statistics from the bout.Casino.org released the study, using the guaranteed purse figures released on the morning of the fight. The Casino.org team broke down the earnings by second, minute and punches thrown. The fight statistics were taken from Showtime's Shoe Stats.Mayweather had an estimated $ 100 million purse from the fight, while McGregor pulled in $ 30 million. The fighters pulled in additional dollars from promotional revenue.While Mayweather won the fight, moved to 50-0 as a boxer and earned nearly $ 60,000 per second fought, McGregor cashed in for $ 17,804 per second in the fight. "Money" earned more than $ 3.5 million per minute w...
Earnings Reaction History: 58.com Inc, 33.3% Follow-Through Indicator, 7.6% Sensitive

Earnings Reaction History: 58.com Inc, 33.3% Follow-Through Indicator, 7.6% Sensitive

Finance
Shutterstock photoExpected Earnings Release: 08/21/2017, PremarketAvg. Extended-Hours Dollar Volume: $ 2,093,60558.com Inc ( WUBA ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in WUBA indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.Last 12 Qtrs Positive Only Price ReactionsPercent of time added to extended-hours gains: 33.3%Average next regular session additional gain: 6.8%Over the prior three fiscal years (12 quarters), when shares ...
Earnings Reaction History: Lumber Liquidators, Inc., 63.6% Follow-Through Indicator, 12.1% Sensitive

Earnings Reaction History: Lumber Liquidators, Inc., 63.6% Follow-Through Indicator, 12.1% Sensitive

Finance
Shutterstock photoExpected Earnings Release: 08/01/2017, PremarketAvg. Extended-Hours Dollar Volume: $ 7,788,228Lumber Liquidators, Inc. ( LL ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in LL indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close.Last 12 Qtrs Positive Only Price ReactionsPercent of time added to extended-hours gains: 66.7%Average next regular session additional gain: 7.7%Over the prior three fiscal years (12 qua...