Bank of America Stock Lower on Revenue Miss
Bank of America(US:BAC) Schaeffers Research·2024-01-12 15:54The bank name is among the first in the sector to report earningsThe bank earnings floodgates have opened, and Bank of America Corp (NYSE:BAC) is among the first to report results. While the company's fourth-quarter profit beat analysts' estimates, revenue missed expectations and fell 10% compared to the same quarter last year. BAC is down 2.1% at $32.44.The 40-day moving average looks ready to contain this pullback, which has BAC on track for a fifth-straight daily loss. Shares taking a breather after hitt ...