Market Overview

UPDATE: Bank of America Posts Drop In Q4 Profit

Related BAC
Benzinga Weekly Preview: Earnings Season Kicks Into High Gear
#PreMarket Primer: Friday, July 11: European Banks May Not Be Out Of The Woods Yet
Citigroup Leads Parade of Bank Earnings Next Week (Fox Business)

Bank of America (NYSE: BAC) reported a drop in its fourth-quarter profit.

Bank of America's quarterly profit declined to $732 million, or $0.03 per share, from $1.99 billion, or $0.15 per share, in the year-earlier period.

Its revenue dropped to $18.7 billion, from $24.9 billion. However, analysts were expecting earnings of $0.02 per share on revenue of $21.19 billion.

Bank of America shares fell 0.25% to $11.75 in pre-market trading.

Posted-In: profitEarnings News

 

Most Popular

Related Articles (BAC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free