Bank Of America Revenue Drops, But Beats Forecasts

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HFA Staff
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Bank of America Corp (NYSE:BAC) released its earnings report for the three months through September 30 2013 this morning before the market opened on Wall Street. The bank showed earnings per share of 20 cents per share on revenue of $22.03 billion. Shares in the company will open on today’s market at $14.24. In anticipation of this earnings report analysts following Bank of America Corp (NYSE:BAC) were looking for earnings of 19 cents per share on revenues totaling $22 billion. In the same three months of last year the company earned 15 cents per share on revenue of $20.7 billion….

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.