Company News: Bank of America (BAC) quarterly profit beats expectation

Market news

14 October 2015

Company News: Bank of America (BAC) quarterly profit beats expectation

The company reported Q3 earnings of $0.37 per share versus net loss of $0.01 in the corresponding period of 2014. The EPS figure was better than analysts' consensus of $0.33.

The company's revenues fell by 2.4% y/y to $20.913 bln, generally in-line with consensus of $20.842 bln.

BAC rose to $15.88 (+2.32%) in pre-market trading.

Foreign exchange market. European session: the British pound traded higher against the U.S. dollar after the release of the mixed U.K. labour market data

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