Forex Trading Library

StockWatch: BOA Underperforms on Earnings

0 467

Bank of America shares dropped by 3% after the banking giant posted second-quarter revenue below analysts’ expectations.

The company said revenue fell 4% from a year earlier, driven by a 6% drop in net interest income because of lower interest rates.

Citigroup posted second-quarter results that benefited from a $1.1 billion boost from releasing reserves the bank had set aside for loan losses.

While the bank managed to top expectations for revenue, the figure declined 12% from a year earlier.


  • BAC 02:05
  • C 03:40

Trading the news requires access to extensive market research - and that's what we do best. Open your Orbex account now.

Leave A Reply

Your email address will not be published.