Bank Of America Corp.

NYSE:BAC   11:01:53 AM EDT
38.96
+0.69 (+1.80%)
Earnings Announcements

Bank Of America Reports Q2 EPS Of $1.03

Published: 07/14/2021 10:54 GMT
Bank Of America Corp. (BAC) - Bank of America Reports Q2 Net Income of $9.2 Billion, EPS of $1.03.
Quarterly Revenue, Net of Interest Expense, Decreased 4% to $21.5 Billion.
Quarterly Net Interest Income (nii) Declined 6% to $10.2 Billion.
Bank of America - More Than 85% of Co's Buildings and Offices Are Open.
Quarterly Provision for Credit Losses Decreased $6.7 Billion to a Benefit of $1.6 Billion.
Quarterly Noninterest Income Down 2% to $11.2 Billion.
Excluding Net Dva, Qtrly Sales and Trading Revenue Down 19% to $3.6 Billion.
Bank of America CEO Says Consumer Spending Has Significantly Surpassed Prepandemic Levels, Deposit Growth is Strong, Loan Levels Have Begun to Grow.
Quarterly Net Charge-off Ratio 0.27% Versus 0.45% Year Ago.
Q2 Earnings per Share View $0.77, Revenue View $21.83 Billion -- Refinitiv Ibes Data (analyst estimates).
Bank of America CEO Says More Than 85% of Our Buildings and Offices Are Open.
Quarterly Ficc Revenue Down 38% to $2.0 Billion.
Quarterly Equities Revenue Up 33% to $1.6 Billion.
Further Company Coverage: .
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Revenue is expected to be $21.59 Billion
Adjusted EPS is expected to be $0.71

Next Quarter Revenue Guidance is expected to be $21.65 Billion
Next Quarter EPS Guidance is expected to be $0.73

More details on our Analysts Page.