BofA Earnings Disappoint

BofA Earnings Disappoint

Bank of America ($BAC@US) announced on Wednesday in their earnings that they had a revenue of $21.6 billion for quarter 2, under the $21.8 billion estimate from analysts. The bank said that this was due to lower interest rates. However, none of the other big banks like JPMorgan ($JPM@US) that have reported second-quarter earnings faced this problem. Shares of the company were down 1.6 at press time.


User: Benzinga

Views: 1

Uploaded: 2021-09-01

Duration: 00:29