1/19, 12:45 PM (Source: TeleTrader)
more TeleTrader news

Bank of America's Q4 EPS rises 39% YoY to $0.82

Bank of America Corporation announced on Wednesday that its diluted earnings per share (EPS) rose 39% year over year to $0.82 in the fourth quarter of fiscal 2021.Net income stood at $7 billion, jumping 28% compared to the corresponding time span in 2020, while revenue grew 10% to $22.1 billion in the final trimester.

For full 2021, revenue came in at $89.1 billion, rising 4% from 2020, while diluted EPS almost doubled to $3.57. Net income was up 79% compared to the previous year, reaching $32 billion.

The bank's shares were 0.09% lower in the premarket in light of the earnings release.

Baha Breaking News (BBN) / MS