BAC to take non-cash charge of $1.6 bln in Q4

[spyro65]

The news:
https://www.reuters.com/business/fi...bln-q4-after-cessation-loan-index-2024-01-08/

Guys, how could this affect the upcoming earning results (Fri,1/12), would estimates be updated or what?

 

[murray t turtle]

The news:
https://www.reuters.com/business/fi...bln-q4-after-cessation-loan-index-2024-01-08/

Guys, how could this affect the upcoming earning results (Fri,1/12), would estimates be updated or what?

%%
Most likely going doWn some more based on 1yr, 2yr\3 year chart+ management ;
unless they smash it down before then, could see a dead cat bounce so to speak.......