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Monday
Jul182011

Bank America (BAC) Heads into Earnings 0-12

Bank of America (BAC) is set to report earnings before the open on Tuesday.  Needless to say, heading into tomorrow's report, nobody is expecting to hear much in the way of good news.  Based on the stock's record, why should they?  In the table below, we queried our Earnings Database for the stock's one week performance from the opening trade following each of the last twelve earnings reports.  As shown, going all the way back to July 2008, whether or not they beat or missed forecasts, BAC has been down one week after the release of its earnings every single time.  Talk about a slump.

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