Q2 Earnings Reactions: BofA and Synchrony Financial Beat; PNC Financial Mixed Results
- July 18th, 2023
- 360 views
Bank of America Corporation (NYSE: BAC) exceeded expectations in its second-quarter 2023 financial report, posting an earnings per share (EPS) of $0.88 and revenue of $25.2 billion compared to the consensus estimates of $0.84 and $25.05 billion, respectively.
$BAC was trading at $29.59 in pre-market, reflecting a gain of $0.19 (0.65%).
Synchrony Financial (NYSE: SYF) also performed well in the second quarter, reporting an EPS of $1.32, surpassing the consensus estimate of $1.24.
$SYF rose in pre-market trading to $35.65, up $0.14 (0.39%).
On the other hand, The PNC Financial Services Group, Inc. (NYSE: PNC) delivered better-than-expected earnings with an EPS of $3.36, beating the consensus estimate of $3.28. However, the company's revenue for the quarter fell short of expectations, coming in at $5.29 billion compared to the consensus estimate of $5.45 billion.
In pre-market, $PNC was trading at $123.05, down $4.11 (3.23%)
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026
Member Login