Bank of America Corp reports results for the quarter ended December 31 - Earnings Summary

• Bank of America Corp BAC.N reported quarterly adjusted earnings of 82 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 70 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 77 cents per share. Wall Street expected results to range from 74 cents to 80 cents per share.

• Revenue rose 15.4% to $25.50 billion from a year ago; analysts expected $25.19 billion.

• Bank of America Corp's reported EPS for the quarter was 82 cents​.

• The company reported quarterly net income of $6.4 billion.

• Bank of America Corp shares had risen by 7.2% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.5% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "buy"

Wall Street's median 12-month price target for Bank of America Corp is $52.00

This summary was machine generated from LSEG data January 16 at 02:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)