(Reuters) – Bank of America Corp reported a 15.8% decline in quarterly earnings, penalized by an increase in loan loss provisions due to the Covid-19 pandemic.
Net income attributable to ordinary shareholders fell to $ 4.44 billion, or 51 cents per share, in the third quarter ended September 30, from $ 5.27 billion, or 56 cents per share, a year earlier. .
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Analysts had expected earnings of 49 cents per share, according to Refinitiv’s IBES data. It is not immediately clear whether the estimates are comparable.
(Translated by Gdansk editorial team, Cristina Carlevaro editorial office in Milan)