Financial institution of America Company (NYSE: BAC) shares are buying and selling decrease on Wednesday after the corporate reported worse-than-expected second-quarter gross sales outcomes.
The corporate reported second-quarter gross sales outcomes of $21.50 billion, which missed the $21.83 billion estimate.
Financial institution of America Company, by means of its subsidiaries, supplies banking and monetary services for particular person shoppers, small and middle-market companies, institutional traders, giant companies, and governments worldwide.
Financial institution of America’s inventory was buying and selling about 4.4% decrease at $38.10 on the time of publication. The inventory has a 52-week excessive of $43.49 and a 52-week low of $22.95.
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