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Bank of America (BAC) Q1 Earnings Lag Estimates
Bank of America (BAC) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -4.76%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.68 per share when it actually produced earnings of $0.74, delivering a surprise of 8.82%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Bank of America, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $22.77 billion for the quarter ended March 2020, surpassing the Zacks Consensus Estimate by 0.61%. This compares to year-ago revenues of $23 billion.
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https://finance.yahoo.com/news/bank-amer...12404.html
![[Bild: BACc1dl1553.png]](https://finviz.com/publish/041520/BACc1dl1553.png)
Bank of America (BAC) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -4.76%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.68 per share when it actually produced earnings of $0.74, delivering a surprise of 8.82%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Bank of America, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $22.77 billion for the quarter ended March 2020, surpassing the Zacks Consensus Estimate by 0.61%. This compares to year-ago revenues of $23 billion.
...
https://finance.yahoo.com/news/bank-amer...12404.html
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