Bank of America Profit Falls From Year Earlier and Misses Estimates

Dow Jones2022-07-18

Bank of America reported second-quarter earnings of $6.2 billion, or 73 cents a share.

Shares of Bank of America (ticker: BAC) were falling 1.46% in premarket trading Monday to $31.78.

Analysts surveyed by FactSet expected the bank to earn 75 cents a share in the second quarter vs. year-earlier profit of $1.03.

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Comments

  • Remotecam
    2022-07-18
    Remotecam
    BAC just missed earnings estimates because it increased its loan-loss reserve.  Revenue tops estimate but market punish it with -1% premarket drop as of 7.45am.Goldman Sachs report better than expected results. Stock is up +4%.  Thank goodness for GS.
  • BhaskarB
    2022-07-18
    BhaskarB
    Ok
  • BhaskarB
    2022-07-18
    BhaskarB
    Ok
  • BhaskarB
    2022-07-18
    BhaskarB
    Ok
  • Stvl
    2022-07-18
    Stvl
    Ok
  • n86887
    2022-07-18
    n86887
    [Facepalm] 
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