Bank Of America Corporation Announces Rise In Q4 Profit, Beats Estimates

Bank of America

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(RTTNews) - Bank of America Corporation (BAC) reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $6.399 billion, or $0.82 per share. This compares with $2.838 billion, or $0.35 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 15.4% to $25.347 billion from $21.959 billion last year.

Bank of America Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $6.399 Bln. vs. $2.838 Bln. last year. -EPS (Q4): $0.82 vs. $0.35 last year. -Revenue (Q4): $25.347 Bln vs. $21.959 Bln last year.