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

Market news

14 October 2020

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

Bank of America (BAC) reported Q3 FY 2020 earnings of $0.51 per share (versus $0.75 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.50 per share.

The company’s quarterly revenues amounted to $20.300 bln (-11.6% y/y), missing analysts’ consensus estimate of $20.883 bln.

BAC fell to $24.46 (-1.96%) in pre-market trading.

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