Investing.com - Bank of America (NYSE:BAC) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bank of America announced earnings per share of $0.37 on revenue of $22.33B. Analysts polled by Investing.com anticipated EPS of $0.29 on revenue of $21.62B.
Bank of America shares are down 30% from the beginning of the year and are trading at $24.60 , down-from-52-week-high.They are under-performing the S&P 500 which is down 0.13% from the start of the year.
Bank of America follows other major Financial sector earnings this month
Bank of America's report follows an earnings beat by JPMorgan on Tuesday, who reported EPS of $1.38 on revenue of $33.82B, compared to forecasts EPS of $1.19 on revenue of $30.41B.
UnitedHealth had beat expectations on Wednesday with second quarter EPS of $7.12 on revenue of $62.14B, compared to forecast for EPS of $5.18 on revenue of $63.34B.
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