TELETRADER News
4/15/2020, 6:28 PM (Source: TeleTrader)
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BofA down over 6% after mediocre Q1 results

Bank of America's stocks fell over 6% on Wednesday after the bank significantly missed estimates for its first-quarter financial results.

BofA's revenue annually dropped by 1% in the first quarter, reaching $22.8 billion, while on the other hand, its diluted earnings per share and net income for the same period plunged 43% and 45%, respectively.

The bank's shares sank 6.41% to sell for $22.20 at 12:27 pm ET.

Baha Breaking News (BBN) / ND