What's Going On With Bank Of America Shares
Portfolio Pulse from Henry Khederian
Bank of America Corp (BAC) shares are trading higher by 1.47% following the company's better-than-expected Q2 results. The bank reported a YoY net income growth of 19%, reaching $7.4 billion, and an EPS of 88 cents, surpassing the consensus estimate of 84 cents. Revenue also increased by 11% YoY, reaching $25.33 billion, beating the analyst consensus estimate of $25.05 billion.
July 19, 2023 | 2:27 pm
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Bank of America's Q2 results exceeded expectations, leading to a rise in its share price. The bank's strong financial performance indicates potential continued growth.
Bank of America's better-than-expected Q2 results have led to a rise in its share price. The bank's strong financial performance, including a 19% YoY net income growth and an 11% YoY revenue increase, indicates a healthy financial state, which could potentially lead to continued growth and further increase in its share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100