27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Bank of America(NYSE:BAC) stock rose by 2.88% on Friday after the company reported its Q3 earnings results on Thursday, October 14, 2021 at 06:45 AM.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Here's what investors need to know about the announcement.
Earnings
Bank of America beat their estimated earnings by 19.72%, which surprised analysts.
Revenue was up $2,417,000,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.26, which was followed by a 0.08% drop in the share price the next day.
Here's a look at Bank of America's past performance and the resulting price change:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|---|
| EPS Estimate | 0.71 | 0.77 | 0.66 | 0.55 | 0.49 |
| EPS Actual | 0.85 | 1.03 | 0.86 | 0.59 | 0.51 |
| Price Change % | 2.88% | -0.08% | 1.06% | -1.31% | 2.24% |
To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.