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