This post was originally published on this site
https://i-invdn-com.akamaized.net/news/LYNXMPED5T0SV_M.jpg
Bank of America announced earnings per share of $0.4 on revenue of $22.77B. Analysts polled by Investing.com anticipated EPS of $0.59 on revenue of $22.67B. That with comparison to EPS of $0.7 on revenue of $23B in the same period a year before. Bank of America had reported EPS of $0.74 on revenue of $22.35B in the previous quarter. Analysts are expecting EPS of $0.56 and revenue of $21.6B in the upcoming quarter.
Bank of America shares are down 32% from the beginning of the year , still down 33.57% from its 52 week high of $35.72 set on December 27, 2019. They are under-performing the S&P 500 which is down 12.29% year to date.
Bank of America’s report follows an earnings missed by JPMorgan on Tuesday, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $2.28 on revenue of $29.53B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
