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U.S. Day Ahead: Pressure on BofA's Moynihan to bounce back

Tuesday, October 16, 2012 - 02:44

Oct 16 - Financial earnings have been completely overshadowed by Vikram Pandit's bombshell departure from Citi but Wednesday it is back to dollar and cents with all eyes on Bank of America.

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This -- financial earnings have been completely overshadowed by -- can't -- bombshell departure from city. And Wednesday back to dollar and cents with more big banks reporting. -- you watch or will the Bank of America when it reports before the bell. -- O'Brien -- -- is expected to save the company recorded a lot after paying 82 point four billion dollar settlement over its Merrill Lynch acquisition. Investors will want to get an update on my hands and again. Bank of America is one of these banks US bank that is also still kind of trying to emerge from the legacy costs of the financial crisis. -- tomorrow -- take a look particularly at -- net interest margin that's basically what can -- in a low interest rate environment -- banks which can squeeze by that. And also they'll be trying questions about its mortgage business given the fact that it's basically pulled back from mortgages at a time -- the market is actually doing very well. The pressure is on Pepsi CEO -- and you need to show Wall Street -- cost cutting plan and spending on advertising. Campaign got off. In the morning analysts are expecting patsy TC better earning -- in the second quarter that's interesting below last year's numbers. The company has been losing -- ground to rival Coca-Cola. Investors will also want to know Apache is still sticking to his 2012 outlook given the turmoil in Europe. Man a strong dollar. After the close it will find out how EPA did in the third quarter. Cent to show strong growth in the company's online marketplace business. As it competes with rival Amazon brokerages are already giving -- -- the thumbs -- Raymond James raised its price target to 53 dollars from 47 dollars. Getting an outperform Brady. Keep an eye out for any news about -- attempts to redesign its web site. And get into the deal space currently dominated her. And your game had digit is 760000. That's how many new homes we cook -- in September. When housing starts are released in the morning our friends that I have RC it's from the previous month. As ranking becomes more expensive and as distressed properties are taken off the market. And we insider and Reuters TV for more on the big market movers. We'll have the latest on Vikram Pandit departure from city including the company's conference call with new CEO Michael format and chairman Michael O'Neill. Also add millions tune into the rematch became President Obama and governor Romney will have all the post debate analysis with Reuters global editor at large Christian freelance. And it's hot political pundit. The big question can Obama find redemption. After his previous perform. My name on this is --

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U.S. Day Ahead: Pressure on BofA's Moynihan to bounce back

Tuesday, October 16, 2012 - 02:44