Bank of America’s (NYSE:BAC) stock fell 2.2 percent in pre-market trade after the company released its second-quarter earnings.
Quarterly Findings
Earnings per share increased 178.38 percent year over year to $1.03, beating the $0.77 consensus expectation.
Revenue of $21,576,000,000 was down 3.91 percent year over year, falling short of the $21,830,000,000,000 forecast.
Outlook
For the time being, Bank of America hasn’t provided any earnings guidance.
For the time being, the company has not provided revenue guidance.
How to Participate in a Conference Call
14th of July, 2021
Time: 9:00 a.m. Eastern Standard Time URL for the webcast: https://investor.bankofamerica.com/events-and-presentations/events/detail/9465/bank-of-america-earnings-conference-call
Technicals
$43.49 is the 52-week high.
The 52-week low for the company was $22.95
Price movement in the previous quarter: down 0.38 percent.
Company Description
With more than $2.5 trillion in assets, Bank of America is one of the largest financial institutions in the United States. Consumer banking, global wealth and investment management, worldwide banking, and global markets are the four key segments. Consumer-facing lines of business for Bank of America include its branch network and deposit-taking operations, home mortgage financing, vehicle loans, credit and debit cards, and small-business services. Merrill Lynch, as well as the U.S. Trust private bank, provide brokerage and wealth management services. Investment banking, corporate and commercial real estate loans, and capital markets operations are examples of wholesale lines of business. Bank of America operates in a number of countries./n
