Home / Market Update / BofA: Quarterly Profit Exceeds Expectations But Revenues Falling

BofA: Quarterly Profit Exceeds Expectations But Revenues Falling

Bank of America reported a profit of 59 cents, compared to expectations of 55 cents, according to Refinitiv estimates. Quarterly revenues decreased by 10% to $ 20.2 billion compared to the same quarter of the previous year, which fell below expectations of $ 500 million.

The following are the bank’s results and expectations:

Earnings per share: 59 cents per share, against expectations of 55 cents, according to Refinitiv

Revenue: $ 20.2 billion, versus forecast 20.7 billion.

Check Also

Tariff Turmoil: USD/CHF Crashes to Multi-Month Lows After Liberation Day Shock

The USD/CHF currency pair took a dramatic nosedive during Thursday’s trading session, plummeting to the …