BofA Trading Revenue Seen Up 15% in Second Quarter, CEO Says - Bloomberg.com
Earnings
Bank of America CEO flagged 15% Q2 trading revenue growth at a conference, a hard forward-looking data point that cuts against today's -2% price action. The divergence between upbeat guidance and weak price action sets up a potential mean-reversion long into the Q2 print.
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Angle
↑ LONG+5% target-4% stop2-4 weeks, into Q2 earnings print
Long BAC into Q2 print — CEO-guided 15% trading revenue growth is a hard catalyst being mispriced by today's -2% tape.