Bank of America Corp. (NYSE: BAC) is expected to report second-quarter earnings per share of 25 cents on revenue of $22.82 billion on Wednesday, compared with a profit of 19 cents per share on revenue of $21.97 billion in the year-ago period, according to analysts polled by Reuters.
Wall Street opened little changed Tuesday, despite better-than-expected earnings from investment bank Goldman Sachs, as investors weighed housing and CPI data.
Goldman Sachs Group Inc. (NYSE: GS) said its second-quarter profit doubled, as the investment bank saw revenues climb 30 percent, while the Coca-Cola Co. (NYSE: KO) reported its profit fell in the latest quarter, as the world's largest beverage maker attributed bad weather and challenging economic conditions in Europe for weak volume growth.
As of 10:36 a.m. Eastern Time, the Dow Jones industrial average was down 10.13 points, or 0.07 percent, at 15,474.13. The Standard & Poor's 500 Index was down 1.98 points, or 0.12 percent, at 1,680.52. And the Nasdaq Composite Index was down 2.05 points, or 0.06 percent, at 3,605.01.