Investing.com - Bank of America (NYSE:BAC) reported fourth quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.7 on revenue of $22.74B. Analysts polled by Investing.com forecast EPS of $0.63 on revenue of $22.36B. That compared to EPS of $0.48 on revenue of $24.04B in the same period a year earlier. The company had reported EPS of $0.66 on revenue of $22.78B in the previous quarter.
For the year, Bank of America shares are up 7.75%, outperforming the S&P 500 which is up 5.78% year to date.
Bank of America follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported fourth quarter EPS of $1.98 on revenue of $26.8B, compared to forecasts of EPS of $2.2 on revenue of $26.9B.
UnitedHealth earnings beat analyst's expectations on Tuesday, with fourth quarter EPS of $3.28 on revenue of $58.42B. Investing.com analysts expected EPS of $3.21 on revenue of $57.93B
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