Investing.com - Bank of America (NYSE:BAC) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.74 on revenue of $23.08B. Analysts polled by Investing.com forecast EPS of $0.71 on revenue of $23.12B. That compared to EPS of $0.63 on revenue of $22.61B in the same period a year earlier. The company had reported EPS of $0.7 on revenue of $23B in the previous quarter.
For the year, Bank of America shares are up 17.65%, under-performing the S&P 500 which is up 21.28% year to date.
Bank of America follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported second quarter EPS of $2.82 on revenue of $29.57B, compared to forecasts of EPS of $2.51 on revenue of $28.84B.
Wells Fargo&Co earnings beat analyst's expectations on Tuesday, with second quarter EPS of $1.3 on revenue of $21.58B. Investing.com analysts expected EPS of $1.17 on revenue of $20.94B
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