Take it to the bank- BAC up thru earnings and here is why.
2nd qtr has been the best qtr of the year for the last 3 years and is nearly always # one or two and 2nd qtr has beaten 1st qtr earnings every year but one since 2001. 1st qtr 2009 EPS estimate $0.05- actual earnings $0.52 2nd qtr2009 EPS estimate $0.09- actual earnings ?? but probably at least $0.52 or above.
2nd qtr 2008 EPS estimate $0.57- actual EPS $0.72 2nd qtr 2008 release date 7.21.2008 7.10.2008 BAC share price $21.28 (11 days before earnings release.) 7.21.2008 BAC share price $30.90 (up $9.62 or 45%) 7.23.2008 BAC share price $34.26
7.06.2009 BAC share price $12.15 7.17.2009 BAC share price $17.63 if ratio holds.
The trash you read on this board about how BAC is a POS is the same junk these prople were posting before the HUGE runup to 1st qtr earnings. They had no basis for the gloom then and they were mercifully beaten into near silence after earnings came out. Unfortunately it didn't last but take heart! We won't have to listen to the likes of MSU 168 (or whatever her current number) after the 17th, at least for a while!