Bank of America down in mid-day trading

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Bank of America disclosed its third-quarter earnings two weeks ahead of schedule, earning 15 cents per share, which badly missed analysts’ estimates. Investors – many of whom consider the bank’s earnings a bellwether for the rest of the industry – sold off Bank of America shares on Tuesday, pushing its shares down 23% to $24.80 in mid-day trading.

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(RTTNews) – After initially showing a lack of direction, stocks continue to turn in a lackluster performance in mid-day trading on Monday. steel stocks have also moved notably lower, while Bank of.

Shares of Bank of America Corp. BAC, -0.68% gained 0.4% in premarket trading Tuesday, after a bullish call from. The FactSet 2019 EPS consensus of $2.85 is down from $2.90 at the end of March, but.

Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.

Investors – many of whom consider the bank’s earnings a bellwether for the rest of the industry – sold off Bank of America shares on Tuesday, pushing its shares down 23% to $24.80 in mid-day trading. The bank’s chief executive, Ken Lewis, said that other large banks’ plans to raise billions in capital pushed BofA to release its.

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