Bank of America Corporation Q2 Profit Rises
Bank of America Corporation (BAC) released earnings for its second quarter that rose from last year.
The company’s earnings totaled $6.47 billion, or $0.63 per share. This compares with $4.75 billion, or $0.44 per share, in last year’s second quarter.
Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter fell 1.0% to $22.61 billion from $22.83 billion last year.
Bank of America Corporation earnings at a glance:
-Earnings (Q2): $6.47 Bln. vs. $4.75 Bln. last year.
-EPS (Q2): $0.63 vs. $0.44 last year.
-Analysts Estimate: $0.57
-Revenue (Q2): $22.61 Bln vs. $22.83 Bln last year.
by RTTNews Staff Writer
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