Company News: Bank of America (BAC) posts mixed quarterly results

Market news

14 July 2021

Company News: Bank of America (BAC) posts mixed quarterly results

Bank of America (BAC) reported Q2 FY 2021 earnings of $1.03 per share (versus $0.37 per share in Q2 FY 2020), beating analysts’ consensus estimate of $0.76 per share.

The company’s quarterly revenues amounted to $21.500 bln (-3.6% y/y), missing analysts’ consensus estimate of $21.766 bln.

BAC fell to $39.09 (-1.93%) in pre-market trading.

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