Top Wall Street Forecasters Revamp Bank of America Expectations Ahead Of Q3 Earnings
Bank of America reports Q2 earnings Oct. 14; analysts expect $1.16 EPS and $30.93B revenue, while shares dip and ratings remain bullish.
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Bank of America reports Q2 earnings Oct. 14; analysts expect $1.16 EPS and $30.93B revenue, while shares dip and ratings remain bullish.
UPS stock has fallen below $94, offering a 7% dividend yield that may attract income investors. However, the company faces significant headwinds including margin pressure from rising fuel costs, volume declines from the Amazon glide-down, and competition from Amazon's new supply chain services. With dividend costs of $5.4 billion against estimated free cash flow of $5.5 billion, there is minimal coverage for earnings deterioration, making this a risky entry point despite the attractive yield.
Three sectors are higher and eight are lower in Thursday’s regular session, with cyclical sectors holding two of the top three positions. The leaders are separated rather than clustered, with Energy well ahead of the next group.