Company News: Bank of America (BAC) quarterly results beat analysts’ estimates

Market news

16 July 2020

Company News: Bank of America (BAC) quarterly results beat analysts’ estimates

Bank of America (BAC) reported Q2 FY 2020 earnings of $0.37 per share (versus $0.74 per share in Q2 FY 2019), beating analysts’ consensus estimate of $0.28 per share.

The company’s quarterly revenues amounted to $22.300 bln (-3.5% y/y), beating analysts’ consensus estimate of $21.715 bln.

BAC fell to $24.15 (-1.83%) in pre-market trading.

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