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

Market news

17 July 2019

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

Bank of America (BAC) reported Q2 FY 2019 earnings of $0.74 per share (versus $0.63 in Q2 FY 2018), beating analysts’ consensus of $0.71.

The company’s quarterly revenues amounted to $23.100 bln (+2.7% y/y), generally in line with analysts’ consensus estimate of $23.130 bln.

BAC fell to $28.86 (-0.45%) in pre-market trading.

Canada: Bank of Canada Consumer Price Index Core, y/y, June 2% (forecast 2.6%)

U.S. housing starts likely to fall 0.7% in June - TDS

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