Bank of America Earnings beat, Revenue misses In Q4

Bank of America (NYSE:BAC) reported on Tuesday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

Bank of America announced earnings per share of $0.59 on revenue of $20.10B. Analysts polled by Investing.com anticipated EPS of $0.5474 on revenue of $20.56B.

Bank of America shares are up 8% from the beginning of the year and are trading at $33.01 , down-from-52-week-high.They are outperforming the S&P 500 which is up 0.32% from the start of the year.

Bank of America follows other major Financial sector earnings this month
Bank of America’s report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.

Citigroup had beat expectations on Friday with fourth quarter EPS of $2.08 on revenue of $16.5B, compared to forecast for EPS of $1.34 on revenue of $16.72B.

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