Bank of America stock: options market predict a jump to $57 after earnings

Bank of America stock has come under pressure in the past two months, mirroring the performance of most banks in the US. After peaking at $65.07 in August, the stock pulled back to $54.58. This retreat will now be put to the test as the company publishes its financial results on Wednesday. Bank of America earnings preview BoFA, the second-biggest bank in the world, has had a good year, helped by the elevated interest rates and activity in the investment banking division. Recently, however, the two main catalysts have impacted its business, with high interest rates derailing the investment banking division. Trading activity has also softened a bit. The last earnings result showed that Bank of America’s revenue rose by…