Bank of America Profit Falls 16%
October 14 2020 - 7:35AM
Dow Jones News
By Ben Eisen
Bank of America Corp.'s profit fell 16% in the third quarter,
though the bank indicated that it is well prepared to weather the
coronavirus recession.
The Charlotte, N.C., lender said Wednesday that it earned $4.88
billion in the July-to-September period, compared with $5.78
billion a year ago and $3.53 billion in the prior quarter.
Profit amounted to 51 cents per share. Analysts polled by
FactSet had forecast 49 cents.
Write to Ben Eisen at ben.eisen@wsj.com
(END) Dow Jones Newswires
October 14, 2020 07:20 ET (11:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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