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Bank of America (BAC) Q2 Earnings and Revenues Beat Estimates
Bank of America (BAC) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.65 per share when it actually produced earnings of $0.70, delivering a surprise of 7.69%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Bank of America, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $23.08 billion for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 0.49%. This compares to year-ago revenues of $22.61 billion.
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![[Bild: BACc1dl0305.png]](https://finviz.com/publish/071819/BACc1dl0305.png)
Bank of America (BAC) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.65 per share when it actually produced earnings of $0.70, delivering a surprise of 7.69%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Bank of America, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $23.08 billion for the quarter ended June 2019, surpassing the Zacks Consensus Estimate by 0.49%. This compares to year-ago revenues of $22.61 billion.
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