Earnings Announcement Predication - What do you think?
IMHO, there is no way that BAC will miss or miss big. Either meets or exceeds. If it meets, it will go into middle of 7 range. If it exceeds then will go to $9. So overall I am very optimistic about the call tomorrow. That should hold then for a couple of months and some profit takings and after that it will be all about fundamentals and any strategic moves they will make to strengthened their BS and Earnings.
They'll beat the estimate with one time items, but miss on revenues and earnings without the one time items. Not short just realistic after seeing a nice run. Past post earnings performace under conditions like we've seen does not favor the long side.