Bank of America Corp.'s stock (BAC) slumped 2.5% in morning trade Tuesday, enough to pace the SPDR Financial Select Sector ETF's (XLF) decliners, after the bank's downbeat full-year outlook ( ) on net interest income, and after a first-quarter profit beat but revenue miss ( ). The stock is on track to suffer the biggest one-day, post-earnings decline since Jan. 15, 2015, when the stock dropped 5.2% after BofA reported fourth-quarter 2014 earnings and revenue that missed expectations, according to data provided by FactSet. The stock has lost 2.8% over the past 12 months, while the financial sector ETF has slipped 1.9% and the S&P 500 has gained 8.7%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 16, 2019 10:42 ET (14:42 GMT)
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