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Bank of America posts record earnings

  • Regular
  • US Market
  • 4 weeks ago
  • 25

Bank of America delivered its fourth quarter revenue figures and its shares rallied by 7.16%.

Earnings were $0.73 per share compared to the forecasted $0.63 per share while revenue totalled to $22.7 billion beating the estimated figure of $22,397 billion.

Its quarterly profit tripled to a record $7.3 billion and the BoA also announced it bought back $26 billion worth of common stock.

 

 

Source: Smart Trend Team