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

Market news

16 October 2019

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

Bank of America (BAC) reported Q3 FY 2019 earnings of $0.75 per share (versus $0.66 in Q3 FY 2018), beating analysts’ consensus estimate of $0.68.

The company’s quarterly revenues amounted to $22.955 bln (+0.3% y/y), generally in line with analysts’ consensus estimate of $22.730 bln.

BACrose to $30.15 (+1.41%) in pre-market trading.

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