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BofA (BAC) Beats on Q4 Earnings & Revenue Estimates, Costs Up
Improved trading and underwriting performance drove Bank of America’s BAC fourth-quarter 2019 earnings of 74 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents. Also, the figure was up 6% from the prior-year quarter.
As expected, BofA came out with improved trading and investment banking numbers. Sales and trading revenues (excluding DVA) grew 13%, driven by 25% rise in fixed income trading, while equity trading income witnessed a fall of 4% on year-over-year basis.
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https://finance.yahoo.com/news/bofa-bac-...02374.html
![[Bild: BACc1dl1445.png]](https://finviz.com/publish/011620/BACc1dl1445.png)
Improved trading and underwriting performance drove Bank of America’s BAC fourth-quarter 2019 earnings of 74 cents per share, which surpassed the Zacks Consensus Estimate of 68 cents. Also, the figure was up 6% from the prior-year quarter.
As expected, BofA came out with improved trading and investment banking numbers. Sales and trading revenues (excluding DVA) grew 13%, driven by 25% rise in fixed income trading, while equity trading income witnessed a fall of 4% on year-over-year basis.
...
https://finance.yahoo.com/news/bofa-bac-...02374.html
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