Tuesday, July 18, 2017

Bank of America beats expectations in second quarter

Bank of America Corp. beat Wall Street’s expectations when it reported second-quarter earnings Tuesday. The Charlotte, N.C.-based bank posted $5.3 billion in net income, up 10 percent from a year ago. BofA’s (NYSE: BAC) earnings per share for the quarter increased 12 percent to 46 cents. Analysts expected the bank to earn 43 cents per share. BofA’s stock has rallied since the beginning of the year, hovering around $22 to $25 per share. The stock closed at $23.99 yesterday and was down less…



from http://www.bizjournals.com/baltimore/news/2017/07/18/bank-of-america-beats-expectations-in-second.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/163135318982

No comments:

Post a Comment