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BofA (BAC) Q4 Earnings Beat, Stock Slips on Lower Revenues
Bank of America’s BAC fourth-quarter 2020 earnings of 59 cents per share beat the Zacks Consensus Estimate of 56 cents. However, the bottom line was 21% below the prior-year quarter level.
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Driven by rise in deal making activities during the fourth quarter, advisory fees jumped 45% from the prior-year quarter. Also, equity underwriting fees surged 141%. Conversely, debt issuance fees fell 10%. Nonetheless, total investment banking fees grew 36%.
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https://finance.yahoo.com/news/bofa-bac-...02031.html
![[Bild: BACd143398890i.png]](https://finviz.com/publish/012121/BACd143398890i.png)
Bank of America’s BAC fourth-quarter 2020 earnings of 59 cents per share beat the Zacks Consensus Estimate of 56 cents. However, the bottom line was 21% below the prior-year quarter level.
...
Driven by rise in deal making activities during the fourth quarter, advisory fees jumped 45% from the prior-year quarter. Also, equity underwriting fees surged 141%. Conversely, debt issuance fees fell 10%. Nonetheless, total investment banking fees grew 36%.
...
https://finance.yahoo.com/news/bofa-bac-...02031.html
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