Bank of America posts record earnings
- US Market
- 4 weeks ago
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