Bank of America Earnings, Revenue Beat in Q4

Investing.com – Bank of America (NYSE:) reported fourth-quarter some 7% ahead of analysts’ expectations on Wednesday, although revenue and income from its core lending business fell slightly as a consequence of the Federal Reserve’s interest rate cuts in late 2019.

The firm reported earnings per share of $0.74 on revenue of $22.35B. Analysts polled by Investing.com anticipated EPS of $0.69 on revenue of $22.22B. That compared to EPS of $0.7 on revenue of $22.74B in the same period a year earlier. The company had reported EPS of $0.56 on revenue of $22.81B in the previous quarter.

Bank of America follows other major Financial sector earnings this month

On Tuesday, JPMorgan reported fourth quarter EPS of $2.57 on revenue of $29.21B, compared to forecasts of EPS of $2.35 on revenue of $27.87B.

UnitedHealth earnings beat analysts’ expectations on Wednesday, with fourth quarter EPS of $3.9 on revenue of $60.90B. Investing.com analysts expected EPS of $3.77 on revenue of $60.93B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.