Bank of America Earnings, Revenue Miss in Q2
2022.07.18 14:13
Bank of America Earnings, Revenue Miss in Q2
Investing.com – Bank of America (NYSE:BAC) reported on Monday second quarter earnings that missed analysts’ forecasts and revenue that fell short of expectations.
Bank of America announced earnings per share of $0.73 on revenue of $22.69B. Analysts polled by Investing.com anticipated EPS of $0.7485 on revenue of $22.72B.
Bank of America shares are down 27% from the beginning of the year, still down 35.64% from its 52 week high of $50.11 set on February 10. They are under-performing the S&P 500 which is down 18.95% from the start of the year.
Bank of America follows other major Financial sector earnings this month
Bank of America’s report follows an earnings missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Wells Fargo&Co had missed expectations on Friday with second quarter EPS of $0.74 on revenue of $17.03B, compared to forecast for EPS of $0.8048 on revenue of $17.48B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
