Skip to content
Alpha Edge Investing

Alpha Edge Investing

"Investors operate with limited funds and limited intelligence, they don’t need to know everything. As long as they understand better than others, they have an edge.” – George Soros

  • Home
  • Earnings Updates/ Corporate Actions
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trust/ ETF
  • News
  • My Opinions/ Views
  • Others
  • About Me
  • Contact
  • Disclaimer
  • Community and Support Forums
  • Toggle search form

Bank of America: Second quarter 2022 earnings: EPS misses analyst expectations

Posted on July 20, 2022July 20, 2022 By alanyeo No Comments on Bank of America: Second quarter 2022 earnings: EPS misses analyst expectations

Second quarter 2022 results:

  • EPS: US$0.73 (down from US$1.04 in 2Q 2021).
  • Revenue: US$22.2b (down 4.0% from 2Q 2021).
  • Net income: US$5.93b (down 34% from 2Q 2021).
  • Profit margin: 27% (down from 39% in 2Q 2021). The decrease in margin was primarily driven by higher expenses.

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.0%.

Over the next year, revenue is forecast to grow 7.6%, compared to a 14% growth forecast for the industry in the US.

Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
Earnings Updates/ Corporate Actions Tags:BAC, Bank of America

Post navigation

Previous Post: Nasdaq: Price target decreased to US$186
Next Post: Sands China: Consensus EPS estimates fall by 15%

Related Posts

US banks… Opportunities in the Midst of the Crisis My Opinions/ Views
OIR: US Banks – Tussle between rate benefits and recession worries Research - Equities
Reuters: Four big U.S. banks raise dividends after stress tests News
U.S. banks expect a clean bill of health after Fed’s stress test Research - Equities
US Stocks will bottom once Fed signals shift News
iFAST: From soaring inflation to the Russian-Ukraine war, what’s next for global banks? Research - Equities
BAC: First quarter 2022 earnings – EPS exceeds analyst expectations Earnings Updates/ Corporate Actions
Bank of America: Full year 2021 earnings – EPS exceeds analyst expectations Research - Equities
Bank of America – Upcoming dividend of US$0.21 per share Earnings Updates/ Corporate Actions
CNBC: Bank of America tops estimates on reserve release, strong advisory and asset management results Earnings Updates/ Corporate Actions
Financial stocks: ready, get-set, go! My Opinions/ Views
Protected: Bank of America (BAC) – its a buy from here. My Opinions/ Views

Leave a Reply

You must be logged in to post a comment.

Login

Log In
Register Lost Password
Get new posts by email
Chat on WhatsApp
  • Earnings Updates/ Corporate Actions
  • My Opinions/ Views
  • News
  • Others
  • Research – Equities
  • Research – Fixed Income/ Bonds
  • Research – Unit Trusts/ ETF

Copyright © 2023 Alpha Edge Investing.

Powered by PressBook Grid Blogs theme