Company News: Bank of America (BAC) quarterly earnings miss analysts’ expectations

Market news

15 April 2020

Company News: Bank of America (BAC) quarterly earnings miss analysts’ expectations

Bank of America (BAC) reported Q1 FY 2020 earnings of $0.40 per share (versus $0.70 per share in Q1 FY 2019), missing analysts' consensus estimate of $0.60 per share.

The company's quarterly revenues amounted to $22.767 bln (-1.0% y/y), generally in line with analysts' consensus estimate of $22.584 bln.

BAC fell to $23.13 (-2.53%) in pre-market trading.

U.S. Retail Sales: Projecting an eye-catching drop - TDS

U.S. weekly mortgage applications climb 7.3 percent

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