Bank of America Corporation (NYSE: BAC) the nations largest bank is set to report quarterly results on Tuesday before the bell. Analysts expect the company to report between $0.09 per share on the low end and $0.25 per share on the high end. The consensus estimate is for $0.16.
The bank stocks have been repeatedly bashed by negative headlines and short sellers.
Bank of America is expected to give clarification on foreclosure scandals that some estimate could cost the banking sector over $80 billion.
The financial sector has greatly underperformed the market year to date. Investors are looking for positive results to revive bank stocks and dissipate the pessimism.
To read Edwards' full BAC report, click here.
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