Investors Ride 5 Earnings Rollercoaster Rides
Bank of America Corporation (NYSE:BAC) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. Adjusted Earnings Per Share increased 566.67% to $0.2 in the quarter versus EPS of $0.03 in the year-earlier quarter. Revenue Decreased 11.97% to $23.71 billion from the year-earlier quarter.
Bank of America Corporation reported adjusted EPS income of $0.2 per share. By that measure, the company missed the mean analyst estimate of $0.22. It beat the average revenue estimate of $23.49 billion.