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Market Update

Earnings on Tap: Bank of America

Hefty litigation costs and macroeconomic pressures are likely to keep a lid on the bank's earnings growth in the near term.

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 Bank of America (BAC) will be reporting second-quarter numbers Wednesday ahead of the opening bell.

Wall Street analysts expect the bank to post earnings of $0.25 per share this quarter on revenues of $22.82 billion compared with $0.19 per share posted on revenues of $21.97 billion in the year-ago period.

Gazala Parveen does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.