Bank Of America Corp.

NYSE:BAC   3:59:59 PM EDT
24.88
+0.83 (+3.45%)
4:38:59 PM EDT: $24.90 +0.02 (+0.08%)
Layoffs, Other Pre-Announcement

Bank Of America Qtrly EPS $0.51

Published: 10/14/2020 11:10 GMT
Bank of America Corp (BAC) - Qtrly Earnings per Share $0.51.
Qtrly Revenue, Net of Interest Expense, Decreased 11% to $20.3 Billion.
Qtrly Provision for Credit Losses Rose to $1.4 Billion.
Qtrly Noninterest Expense Decreased 5% to $14.4 Billion.committed to No Covid-19- Related Layoffs in 2020.
CEO Says As Economy Continued to Recover, Generated Early $5 Billion in Earnings This Quarter.
Qtrly Net Interest Income Down 17% to $10.1 Billion.
Qtrly Noninterest Income Down 4% to $10.2 Billion.
Qtrly Ficc Revenue Increased 3% to $2.1 Billion.
Q3 Earnings per Share View $0.49, Revenue View $20.81 Billion -- Refinitiv Ibes Data (analyst estimates).
Qtrly Equities Revenue Increased 6% to $1.2 Billion.
Qtrly Total Net Charge-offs Decreased $174 Million, Or 15%, From Q2-20 to $972 Million.
Qtrly Noninterest Income Down, Primarily Reflecting Lower Consumer Fees & Improved Trading and Investment Banking Results.