16.07.2024 12:48:47 - dpa-AFX: Bank Of America Corporation Q2 Income Retreats, But Beats Estimates
CHARLOTTE (dpa-AFX) - Bank of America Corporation (BAC) released a profit
for second quarter that decreased from the same period last year but beat the
Street estimates.
The company's bottom line came in at $6.58 billion, or $0.83 per share. This
compares with $7.10 billion, or $0.88 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.80 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 0.7% to $25.38 billion from $25.20
billion last year.
Bank of America Corporation earnings at a glance (GAAP) :
-Earnings (Q2): $6.58 Bln. vs. $7.10 Bln. last year.
-EPS (Q2): $0.83 vs. $0.88 last year.
-Revenue (Q2): $25.38 Bln vs. $25.20 Bln last year.
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