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 $0.74 on revenue of $22.35B. Analysts polled by Investing.com expected EPS of $0.69 on revenue of $22.22B. That compared to EPS of $0.7 on revenue of $22.74B in the same period a year earlier. The company had reported EPS of $0.56 on revenue of $22.81B in the previous quarter.
For the year, Bank of America shares are up 0.28%, under-performing the S&P 500 which is up 1.17% year to date.
Bank of America follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported fourth quarter EPS of $2.57 on revenue of $29.21B, compared to forecasts of EPS of $2.35 on revenue of $27.87B.
UnitedHealth earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $3.9 on revenue of $60.90B. Investing.com analysts expected EPS of $3.77 on revenue of $60.93B
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