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BAC Bank of America Corporation

38.16
-0.21 (-0.55%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bank of America Corporation NYSE:BAC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.21 -0.55% 38.16 38.495 38.00 38.02 28,747,718 00:59:33

Bank of America Profit Falls 16%

14/10/2020 12:35pm

Dow Jones News


Bank of America (NYSE:BAC)
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From Apr 2019 to Apr 2024

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By Ben Eisen 

Bank of America Corp.'s profit fell 16% in the third quarter, though the bank indicated that it is well prepared to weather the coronavirus recession.

The Charlotte, N.C., lender said Wednesday that it earned $4.88 billion in the July-to-September period, compared with $5.78 billion a year ago and $3.53 billion in the prior quarter.

Profit amounted to 51 cents per share. Analysts polled by FactSet had forecast 49 cents.

Write to Ben Eisen at ben.eisen@wsj.com

 

(END) Dow Jones Newswires

October 14, 2020 07:20 ET (11:20 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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