Bank Of America Lower After Q4 EPS Beat

Bank Of America BAC shares are trading lower by $$0.15 at $14.32 in Tuesday's session. The Street does not seem to be impressed with its Q4 beat EPS beat of $0.02 and instead is focusing on it revenue shortfall. After a higher open, it rallied to $14.79 before reversing course. It has continued to make new lows for the sessuion. The only support level based on the daily charts does not come in until Friday's low ($14.13). The issue has not traded under $14, since late November 2013, when it bottomed at $13.80.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: TechnicalsMoversTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!