Bank of America Slashes Expenses As Trading Revenues Slump
April 16, 2019 at 09:22 AM EDT
BofA reported adjusted EPS of $0.71, slightly above the $0.66 expected, up 6% Y/Y even as revenues dropped from a year ago, shrinking modestly from $23.1BN to $23.0BN, and missing expectations of a $23.3BN print.
