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BAC Stock: Bank Of America Earnings Beat On Reserves, Investment Banking; Citigroup Earnings Top – Investor’s Business Daily

Bank of America earnings easily beat views amid loan-loss reserves released and strong investment banking. BAC stock rose. Citigroup earnings are due.



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Bank of America (BAC) and Citigroup (C) reported stronger-than-expected earnings early Thursday, as banking stocks continue to reap the benefits of a recovering economy, growing investment activity and narrowing credit loss exposure.  BAC stock and Citigroup rose early.
XBank of America Earnings
Estimates: Analysts polled by Zacks Investment Research expected Bank of America earnings per share of 65 cents, a 63% gain from the year-ago quarter, on revenue of $21.91 billion.
Results: Bank of America…

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