Updated from 7:55 a.m. EDT(At 4:20 p.m. EDT)
(At 7:45 a.m. EDT)
BofA shares were up 5.7% in the premarket session.
Procter & Gamble ( PG) reported fiscal third-quarter earnings of 84 cents a share, which topped Wall Street's estimates and was toward the high end of its own internal guidance. Sales fell 8% from a year ago to $18.42 billion. Analysts expected Procter & Gamble to post a profit of 80 cents a share on revenue of $18.91 billion, according to Thomson Reuters. Dow Chemical ( DOW) said first-quarter earnings fell 97% from a year ago to 3 cents a share, and sales in the quarter dropped 39% from last year to $9.1 billion. Excluding items, Dow Chemical recorded a profit of 12 cents a share. Analysts were looking for a quarterly loss of 21 cents a share on sales of $11.69 billion. Ericsson ( ERIC) said first-quarter profit fell 35% to 1.72 billion kronor ($216 million) from 2.64 billion kronor a year earlier as demand for handsets declined. Ericsson said revenue rose 12% from a year ago to 49.6 billion kronor.