BofA Earnings Disappoint

2021-09-01 1

Bank of America ($BAC@US) announced on Wednesday in their earnings that they had a revenue of $21.6 billion for quarter 2, under the $21.8 billion estimate from analysts. The bank said that this was due to lower interest rates. However, none of the other big banks like JPMorgan ($JPM@US) that have reported second-quarter earnings faced this problem. Shares of the company were down 1.6% at press time.