Bank of America Corp. (BAC) reported fourth quarter EPS of $0.25 Thursday morning, down from $0.29 in the prior year period. Analysts expected EPS of $0.32.
Bank of America gapped open lower Thursday and declined throughout the second half of the session. The stock closed down by 0.84 at $15.20 on above average volume. Bank of America has been pulling back from the highs of the year for the past 2 weeks and set a 5-month low.
For comments and feedback contact: editorial@rttnews.com
Business News