Company News: Bank of America (BAC) Q2 EPS beat analysts’ estimate

Market news

18 July 2016

Company News: Bank of America (BAC) Q2 EPS beat analysts’ estimate

Bank of America reported Q2 FY 2016 earnings of $0.36 per share (versus $0.45 in Q2 FY 2015), beating analysts' consensus estimate of $0.33.

The company's quarterly revenues amounted to $20.600 bln (-7.2% y/y), generally in-line with consensus estimate of $20.519 bln.

BAC rose to $13.70 (+0.29%) in pre-market trading.

Major stock indices in Europe trading mixed in a quiet session

WSE: Mid session comment

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