Company News: Bank of America (BAC) reported weaker than expected fourth quarter profits

Market news

15 January 2015

Company News: Bank of America (BAC) reported weaker than expected fourth quarter profits

Bank of America (BAC) earned $0.32 per share in the fourth quarter, missing analysts' estimate of $0.31. Revenue in the fourth quarter dropped 12.7% year-over-year to $20.15 billion, missing analysts' estimate of $21.01 billion.

Bank of America (BAC) shares decreased to $15.54 (-3.12%) prior to the opening bell.

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