Bank of America (BAC) – Get Report posted better-than-expected fourth-quarter earnings Wednesday as loan growth offset narrowing interest rate margins at the consumer-focused lender.
Bank of America said earnings for the three months ending in December came in at 74 cents per share, up 5.7% from the same period last year and 6 cents ahead of the Street consensus forecast. Group revenues, the bank said, fell 1% to $22.5 billion, just ahead of analysts’ forecasts of a $22.3 tally.
