Report

Bank of America stock tumbles after trading misses and an adjusted earnings shortfall

ZeroHedge reports Bank of America's adjusted EPS of $1.08 still missed after excluding a $1.2 billion fine.

2 Sources, 44m ago, first seen 44m ago

TLDR

ZeroHedge reports Bank of America's stock tumbled after trading results missed expectations. Bond-trading revenue fell 17%, the weakest showing among the big four banks, and equity sales and trading also missed. Even after excluding a $1.2 billion fine, adjusted EPS of $1.08 fell short, it says.

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2 Sources, first seen 44m ago

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