Connect with us

Business

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.

Published

on

Article feature image
ADVERTISEMENT

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…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Tesla driver killed in crash posted videos of himself driving hands-free – MarketWatch
Article feature image
Ethereum Co-Founder Vitalik Buterin Burns 410 Trillion Shiba Inu Tokens. Is The Dogecoin Clone Set For Another Bull Run? – Benzinga
Article feature image
Discovery Chief David Zaslav Gets in Fighting Shape for WarnerMedia Takeover (Column) – Variety