U.S. Markets closed
  • S&P 500

    3,629.65
    -5.76 (-0.16%)
     
  • Dow 30

    29,872.47
    -173.77 (-0.58%)
     
  • Nasdaq

    12,094.40
    +57.62 (+0.48%)
     
  • Russell 2000

    1,845.02
    -8.51 (-0.46%)
     
  • Crude Oil

    45.94
    +0.23 (+0.50%)
     
  • Gold

    1,808.40
    +2.90 (+0.16%)
     
  • Silver

    23.44
    +0.08 (+0.33%)
     
  • EUR/USD

    1.1930
    +0.0011 (+0.0954%)
     
  • 10-Yr Bond

    0.8780
    -0.0040 (-0.45%)
     
  • Vix

    21.25
    -0.39 (-1.80%)
     
  • GBP/USD

    1.3388
    +0.0006 (+0.0442%)
     
  • USD/JPY

    104.3180
    -0.1220 (-0.1168%)
     
  • BTC-USD

    17,809.19
    -860.20 (-4.61%)
     
  • CMC Crypto 200

    347.34
    -23.17 (-6.25%)
     
  • FTSE 100

    6,391.09
    -41.08 (-0.64%)
     
  • Nikkei 225

    26,472.07
    +175.21 (+0.67%)
     

Recap: Bank of America Q3 Earnings

Benzinga Insights
·1 min read

Shares of Bank of America (NYSE:BAC) moved lower by 2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 32.00% year over year to $0.51, which beat the estimate of $0.49.

Revenue of $20,450,000,000 decreased by 10.91% year over year, which missed the estimate of $20,810,000,000.

Guidance

Bank of America hasn't issued any earnings guidance for the time being.

Bank of America hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 14, 2020

View more earnings on BAC

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/3wm2jpvf

Technicals

52-week high: $35.72

Company's 52-week low was at $17.95

Price action over last quarter: Up 7.36%

Company Profile

Bank of America is one of the largest financial institutions in the United States, with more than $2.3 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, home mortgage lending, vehicle lending, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth management services, as does U.S. Trust private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.