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.
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