Bank of America Earnings: An Excellent Quarter With Few Weak Spots
Most of the banks that have reported earnings so far have delivered better-than-expected earnings, and Bank of America (NYSE: BAC) was no exception. In addition to strong top- and bottom-line numbers, though, the bank delivered a strong all-around quarter without giving investors much to complain about. Here's a rundown of the numbers and why Bank of America still looks like an attractive investment at the current share price.
Bank of America beat estimates on both the top and bottom lines. The bank earned $0.46 per share for the second quarter, which is $0.03 more than analysts had been calling for. Perhaps more impressively, revenue came in more than a billion dollars ahead of expectations, at $22.83 billion versus estimates of $21.78 billion.
Image source: Bank of America.
Source: Fool.com
Bank of America Corp. Aktie
Bank of America Corp. ist ein kleiner Community-Favorit mit mehr Buy- als Sell-Einschätzungen.
Ein positives, wenn auch bescheidenes, Potenzial für Bank of America Corp. mit einem Kursziel von 42 € im Vergleich zum aktuellen Kurs von 38.07 €.
