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

Market news

16 April 2019

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

Bank of America (BAC) reported Q1 FY 2019 earnings of $0.70 per share (versus $0.62 in Q1 FY 2018), beating analysts’ consensus of $0.66.

The company’s quarterly revenues amounted to $23.004 bln (-0.4% y/y), missing analysts’ consensus estimate of $23.241 bln.

BAC fell to $29.75 (-0.30%) in pre-market trading.

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