Company News: Bank of America (BAC) quarterly earnings beat analysts’ estimate

Market news

16 April 2018

Company News: Bank of America (BAC) quarterly earnings beat analysts’ estimate

Bank of America (BAC) reported Q1 FY 2018 earnings of $0.62 per share (versus $0.41 in Q1 FY 2017), beating analysts' consensus estimate of $0.59.

The company's quarterly revenues amounted to $23.100 bln (+4.1% y/y), in-line with analysts' consensus estimate of $23.036 bln.

BAC rose to $29.94 (+0.47%) in pre-market trading.

U.S.: NY Fed Empire State manufacturing index , April 15.8 (forecast 19.80)

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