Market Overview

UPDATE: Bank of America Posts Drop In Q4 Profit

Share:
Related BAC
Mid-Day Market Update: Wednesday's Top Volume Stocks
Mid-Day Market Update: Tuesday's Top 10 Volume Stocks
BofA under Investor Pressure; CEO May Lose Chairman Role (Zacks)

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

 

Related Articles (BAC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters