Bank of America (BAC) reported fourth-quarter net income of $7.3 billion, up 208% from prior year, driven by continued strong operating leverage and asset quality, as well as the benefit of tax reform impacting 2018. Fourth-quarter net income was up 39% adjusting for the impact of the Tax Act in prior year. Pretax income was $8.7 billion rose 41% (22% on an adjusted basis) from previous year. Earnings per share was $0.70, up 250% (49% on an adjusted basis). On average, 25 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63 for the quarter. Analysts' estimates typically exclude special items.
from RTT - Earnings http://bit.ly/2RAJY3u
via IFTTT
No comments:
Post a Comment