Bank of America (NYSE:BAC) faces a critical July 14 Q2 report—traders expect $1.13 EPS, ~$30.7–30.8B revenue, 2.07% NIM and 15.8% ROTCE—while Berkshire has pared its stake and UBS lifted its price target to $68, framing a pivotal earnings test for the stock.
Previous Week Recap
- BofA Q2 2026 Earnings Day: Bank of America (BAC) reports Q2 2026 on July 14. Traders: estimated EPS $1.13, revenue ~$30.7–30.8B, NIM ~2.07%, ROTCE ~15.8%. Release same morning as other big U.S. banks.
- Berkshire Reduces BAC Stake Significantly: Berkshire Hathaway has cut its Bank of America (BAC) stake significantly since mid-2024, selling shares over two years while still holding a large, but reduced, position.
- UBS Raises BAC Price Target: UBS raised Bank of America (BAC) price target to $68 from $63. Traders note the updated valuation; analyst rating and earnings assumptions were not disclosed in the summary.
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