Bank Of America Adds Nearly $1 Billion To Its Bottom Line

theflyonthewall.com submits: Bank of America Corp. (BAC) is expected to report Q4 results before the market open on Wednesday, January 20 with a conference call scheduled for 9:30 am ET.

ByJosh Arnold:Bank of America (BAC) has had some very well publicized issues since the financial crisis. Among them, the company lost enormous sums of money in the aftermath of the crisis but has since rebounded strongly even amid staggeringly expensive legal issues. Apart from that, CEO Brian Moynihan and the management team have made a concerted effort at turning BAC around, an initiative referred to as Project New BAC.

Bank of America (BAC) Q2 2013 Earnings Call July 17, 2013 8:30 a.m. ET Executives Lee McEntire - Investor Relations Brian Moynihan - President and CEO Bruce Thompson - Chief Financial Officer Analysts Betsy Graseck - Morgan Stanley Matt O’Connor - Deutsche Bank John McDonald - Sanford Bernstein Brennan Hawken - UBS Paul Miller - FBR Capital Markets

Bank of America (BAC) Sanford C. Bernstein 29th Annual Strategic Decisions Conference Call May 30, 2013 14:00 pm ET Executives Brian T. Moynihan – Chief Executive Officer Analysts John E. McDonald – Sanford C. Bernstein & Co., LLC Presentation John E. McDonald – Sanford C. Bernstein & Co., LLC

ByJosh Arnold:Bank of America's (BAC) turnaround efforts have been well publicized as 'Project New BAC' has been undertaken by CEO Brian Moynihan. A major part of the turnaround effort is in deleveraging the giant bank, lowering debt, increasing equity and trying to make money the "old fashioned" way.

Bank of America (BAC) Q1 2013 Results Earnings Call April 17, 2013 8:30 a.m. ET Executives Kevin Stitt - Investor Relations Brian Moynihan - President and CEO Bruce Thompson - Chief Financial Officer Analysts Glenn Schorr - Nomura Matt O’Connor - Deutsche Bank Meredith Whitney - Meredith Whitney Advisory Group John McDonald - Sanford Bernstein

Polypore International, Inc. (PPO) reported its third consecutive earnings miss on February 20, driven by a 6% decline in sales. This prompted analysts to revise their estimates for both 2013 and 2014 significantly lower, sending the stock to a ZacksRank #5 (Strong Sell). Despite the negative earnings momentum, shares still trade at a premium on a forward price-to-earnings and price-to-book basis. This doesn't bode well for shares over the next several weeks.

By Qineqt:On November 1, 2012, American International Group (AIG) reported (pdf) performance for its third quarter, which topped analysts' consensus expectations by 12%. AIG reported a bottom line of $1 per share against consensus mean expectation of $0.88 per share.