Bank of America Corp. (NYSE: BAC) shares plunged 3.75% by midday trade as the company’s revenue dropped nearly 25% in the fourth quarter. For the fiscal fourth quarter, BAC reported earnings of $732 million or 3 cents a share on revenue of $18.7 billion. Analysts polled by Thomson Reuters were expecting earnings of 2 cents a share on revenue of $20.6 billion.
Continue reading Major Movers on January 17; BAC, C, EBAY, CLSN, COLM, BLK, FITB