Financial institution of America Inventory Rams Into Resistance on Earnings; Here is the Commerce
[ad_1]
On Friday, financial institution shares kicked off the third-quarter-earnings season. On Oct. 17 Financial institution of America (BAC) weighed in, reporting quarterly outcomes forward of the open.
Financial institution of America shares are roughly 5% greater ultimately verify after the financial-services large reported an earnings and income beat for its third quarter.
The inventory is on one thing of a tear. The shares rallied greater than 6% on Thursday and have been flat on Friday, as a number of different financial institution shares reported robust quarterly outcomes (and traded fairly properly regardless of the marketwide selloff).
