bank-of-america-profit-falls-from-year-earlier-and-misses-estimates

Bank of America Profit Falls From Year Earlier and Misses Estimates

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https://www.barrons.com/articles/bank-of-america-earnings-stock-price-51658139346

Updated July 18, 2022 8:18 am ET / Original July 18, 2022 6:48 am ET

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Bank of America shares were wavering Monday after the bank posted mixed second-quarter results that reflected the current macroeconomic uncertainty.

Bank of America (ticker: BAC) reported earnings of $6.2 billion, or 73 cents a share, missing Wall Street forecasts. Analysts surveyed by FactSet expected the bank to earn 75 cents a share in the second quarter. A year earlier, Bank of America earned a profit of $1.03.

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