Categories AlphaGraphs, Earnings, Finance

Bank of America stock falls on revenue slip in Q3: Infographic

Bank of America (NYSE: BAC) reported third-quarter 2020 financial results before the opening bell on Wednesday. The banking giant reported an 11% decline in Q3 revenues to $20.45 billion, slightly missing the Wall Street consensus. Earnings of $0.51 per share were, meanwhile, stronger than what analysts had anticipated.

BAC shares fell 1.7% immediately following the announcement. The stock has slipped 28% since the beginning of this year.

Bank of America Q3 2020 earnings

Looking forward to listening to management/ analyst comments on Q3 results? Stay tuned here for Bank of America Q3 2020 earnings call transcript

CEO Brian Moynihan said, “Our Wealth Management business showed once again why it is an industry leader in providing timely advice and guidance to clients, and our Global Banking and Global Markets businesses continued to support the global economy by helping clients raise capital, manage risk and increase liquidity.”

Prior performance

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Infographic: Highlights of Merck & Co. (MRK) Q3 2020 earnings report

Merck & Co., Inc. (NYSE: MRK) reported stronger than expected earnings and sales for the third quarter of 2020. The company's stock gained early Tuesday immediately after the announcement. Worldwide

Earnings calendar for the week of Oct. 26

Bringing fresh optimism to the virus-hit market, U.S jobless claims for the week ended October 17 slipped to the lowest level since the onset of the pandemic, in a sign

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