Bank of America (BAC) Tops Q4 EPS by 6c

Bank of America (NYSE: BAC) reported Q4 EPS of $0.74, $0.06 better than the analyst estimate of $0.68. Revenue for the quarter came in at $22.3 billion versus the consensus estimate of $22.35 billion.

Commentary from Chairman and CEO Brian Moynihan: “In a steadily growing economy marked by solid client activity, our teammates produced another strong quarter and year, allowing us to increase investments in our customers, communities, and employees, while keeping a close eye on expenses. We also delivered for shareholders in 2019 by returning a record $34 billion in excess capital through dividends and share repurchases. As evidenced by a quarter in which our customer deposits surpassed $1.4 trillion and client balances in our wealth management business topped $3 trillion, we enter 2020 with momentum.”

For earnings history and earnings-related data on Bank of America (BAC) click here.

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