Have
Have you ever been desirous to see how Financial institution of America BAC carried out in This autumn compared with the market expectations? Let’s shortly scan by the important thing information from this Charlotte-based one of many world’s largest monetary establishments’ earnings launch this morning:
An Earnings Beat
BofA got here out with earnings of 74 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents.
Slight rise in non-interest revenue assist the corporate’s outcomes.
How Was the Estimate Revision Pattern?
It’s best to notice that the earnings estimate revisions for BofA depicted a bearish stance previous to the earnings launch. The Zacks Consensus Estimate has moved 1.4% decrease over the previous 30 days.
Nonetheless, BofA has a formidable earnings shock historical past. Earlier than posting the earnings beat in This autumn, the corporate delivered optimistic surprises in all 4 trailing quarters.
Financial institution of America Company Value and EPS Shock
Bank of America Corporation price-eps-surprise | Bank of America Corporation Quote
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