Bank of America Profit Falls From Year Earlier and Misses Estimates

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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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（10）

Remotecam
·2022-07-18
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.
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BhaskarB
·2022-07-18
Ok
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BhaskarB
·2022-07-18
Ok
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BhaskarB
·2022-07-18
Ok
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Stvl
·2022-07-18
Ok
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n86887
·2022-07-18
[Facepalm]
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生肉麵加豬油渣
·2022-07-18
just dont dampen the sentiments [Pitiful]
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Ah Deck
·2022-07-18
Oh
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BoonHuat
·2022-07-18
Not too bad.
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Black83black
·2022-07-18
Expected bac to have a double Beat on eps and revenue. 😮
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dont dampen the sentiments&nbsp;[Pitiful]&nbsp;","listText":"just dont dampen the sentiments&nbsp;[Pitiful]&nbsp;","text":"just dont dampen the sentiments [Pitiful]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075393457","repostId":2252235531,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9075399034,"gmtCreate":1658142103528,"gmtModify":1676536111463,"author":{"id":"4098445225447010","authorId":"4098445225447010","name":"Ah Deck","avatar":"https://static.tigerbbs.com/0e52eb1e14e0f630d24f1687ea546cd8","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4098445225447010","authorIdStr":"4098445225447010"},"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075399034","repostId":2252235531,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9075307841,"gmtCreate":1658141903983,"gmtModify":1676536111417,"author":{"id":"3574549633778650","authorId":"3574549633778650","name":"BoonHuat","avatar":"https://static.tigerbbs.com/f64154b666040668c472fc3731becde7","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3574549633778650","authorIdStr":"3574549633778650"},"htmlText":"Not too bad.","listText":"Not too bad.","text":"Not too bad.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075307841","repostId":2252235531,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9075304766,"gmtCreate":1658141842855,"gmtModify":1676536111410,"author":{"id":"3576542985729070","authorId":"3576542985729070","name":"Black83black","avatar":"https://community-static.tradeup.com/news/dc5940f5fefb9966b35345e7dd1aa9b8","vip":1,"hat":"https://static.tigerbbs.com/6444b4970948c1077534c593eccd6d16","crmLevel":7,"crmLevelSwitch":1,"idStr":"3576542985729070","authorIdStr":"3576542985729070"},"htmlText":"Expected bac to have a double Beat on eps and revenue. 😮","listText":"Expected bac to have a double Beat on eps and revenue. 😮","text":"Expected bac to have a double Beat on eps and revenue. 😮","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075304766","repostId":2252235531,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":42,"commentSize":10,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}