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Bank of America shares rise more than 3% after posting record earnings

Bank of America shares rise more than 3% after posting record earnings

January 16, 2019

Via: CNBC

Bank of America reported better-than-expected profit and revenue for the fourth quarter on Wednesday, driven by a strong performance from its consumer-banking business and lower taxes. The results sent the bank’s shares up more than 3 percent in the premarket.

Here is how the bank did in the previous quarter compared to analyst expectations:

  • Earnings: 73 cents per share vs 63 cents expected, according to Refinitiv
  • Revenue: $22.7 billion versus a forecast of $22.397 billion

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