Citigroup, Bank Of America Earnings Previews: Own For Defensive Positioning Within The Big Banks

Brian Gilmartin, CFA
10.9K Followers
(8min)

Summary

  • Bank of America is scheduled to report their Q3 ’24 earnings release on October 15th, with consensus expecting $0.77 in EPS on $28.3 billion in net revenue for expected y-o-y growth of -14% on flat or 0% revenue.
  • One major positive to BAC is the way the stock absorbed the selling by Berkshire of Hathaway of a substantial part of its Bank of America position.
  • When Citigroup also reports their third quarter ’24 financial results on October 15th, analyst consensus is expecting $1.31 in EPS on $19.8 billion in net revenue for expected y-o-y declines of -14% and -1%, respectively.

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Bank of America (NYSE:BAC) is scheduled to report their third quarter ’24 earnings release on Tuesday morning, October 15th, ’24, with consensus expecting $0.77 in EPS on $28.3 billion in net revenue for expected y-o-y growth of -14% on flat or 0% revenue.

This article was written by

10.9K Followers
Brian Gilmartin, is a portfolio manager at Trinity Asset Management, a firm he founded in May, 1995, catering to individual investors and institutions that werent getting the attention and service deserved, from larger firms. Brian started in the business as a fixed-income / credit analyst, with a Chicago broker-dealer, and then worked at Stein Roe & Farnham in Chicago, from 1992 - 1995, before striking out on his own and managing equity and balanced accounts for clients. Brian has a BSBA (Finance) from Xavier University, Cincinnati, Ohio, (1982) and an MBA (Finance) from Loyola University, Chicago, January, 1985. The CFA was awarded in 1994. Brian has been fortunate enough to write for the TheStreet.com from 2000 to 2012, and then the WallStreet AllStars from August 2011, to Spring, 2012. Brian also wrote for Minyanville.com, and has been quoted in numerous publications including the Wall Street Journal.

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