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BofA Earnings Disappoint
Description
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.
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