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

Market news

19 January 2021

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

Bank of America (BAC) reported Q4 FY 2020 earnings of $0.59 per share (versus $0.74 per share in Q4 FY 2019), beating analysts’ consensus estimate of $0.54 per share.

The company’s quarterly revenues amounted to $20.100 bln (-9.9% y/y), missing analysts’ consensus estimate of $20.762 bln.

BAC fell to $32.96 (-0.15%) in pre-market trading.

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