Bank of America Corp stock rose 0.3% in premarket trades Friday after the financial firm beat its earnings and revenue targets as it benefitted from higher...
Bank of America Corp BAC stock rose 0.3% in premarket trades Friday after the financial firm beat its earnings and revenue targets as it benefitted from higher interest rates on its loans. Bank of America said it earned $7.1 billion, or 85 cents a share in the fourth quarter, compared to $7 billion, or 82 cents a share, in the year-ago quarter. Revenue, net of interest expense, increased by 11% to $24.5 billion. Wall Street analysts expected earnings of 77 cents a share on revenue of $24.
3% in premarket trades Friday after the financial firm beat its earnings and revenue targets as it benefitted from higher interest rates on its loans. Bank of America said it earned $7.1 billion, or 85 cents a share in the fourth quarter, compared to $7 billion, or 82 cents a share, in the year-ago quarter. Revenue, net of interest expense, increased by 11% to $24.5 billion. Wall Street analysts expected earnings of 77 cents a share on revenue of $24.
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