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Bank of America Earnings Beat, Revenue Misses In Q4 -Breaking

by Mike Robinson

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© Reuters. Bank of America’s Q4 Revenues Misses, Earnings Beat by Bank of America

Bank of America (NYSE 🙂 announced Wednesday the results of its fourth quarter. The revenue beat forecasts by analysts and was lower than expected.

Bank of America posted earnings per share of $0.82 for revenue of $22.06B. Investing.com polled analysts and predicted EPS at $0.7652 for revenue $22.18B.

Bank of America shares rose 3% over the first of the year but are down 7.63% from their 52 week high of 50.08, which was set January 10. They are outperforming the S&P 500 which is down 3.96% from the start of the year.

Bank of America is following other financial sector major earnings this month

Bank of America reports on JPMorgan’s earnings beat on Friday. JPMorgan reported EPS of 3.33 for revenue of $29.26B. Forecasts were for EPS of 3.01 for revenue of $29.78B.

Wells Fargo&Co had beat expectations on Friday with fourth quarter EPS of $1.38 on revenue of $20.86B, compared to forecast for EPS of $1.11 on revenue of $18.84B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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