Bank of America's Q2 Earnings Reflect an Important Milestone
Bank of America (NYSE: BAC) reported second-quarter earnings today that, despite the drop in its stock price following the news, prove again that the nation's second-biggest bank by assets has long since turned the corner on the financial crisis.
It earned $4.9 billion in the quarter, which was 11% higher than its earnings in the same period last year. The growth in Bank of America's earnings per share was even better. It earned $0.46 per share, up 12% compared to the year-ago quarter and comfortably above the consensus estimate of $0.43 per share.
The Bank of America Plaza in Dallas, Texas. Image source: Getty Images.
Source: Fool.com
Bank of America Corp. Stock
€36.87
1.160%
Currently there is a rather positive sentiment for Bank of America Corp. with 27 Buy predictions and 5 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 13.93% for Bank of America Corp. compared to the current price of 36.87 €.
