Q2 Earnings Reactions: BofA and Synchrony Financial Beat; PNC Financial Mixed Results
- July 18th, 2023
- 265 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
-
Micron Technology, Jabil, and Birkenstock Earnings Preview: What to Expect
December 15th, 2024Upcoming Earnings: Synopsys, AeroVironment, and nCino in Focus
December 01st, 2024Countdown to Earnings: Salesforce, Marvell Technology, and Okta Take the Stage
December 01st, 2024Fluence Energy, Agilent Technologies, and Woodward Earnings On Deck: A Preview
November 24th, 2024Earnings Preview: Walt Disney, Applied Materials, and Celcuity Take Center Stage
November 11th, 2024
Member Login