Bank of America Reports Fourth-Quarter 2023 Financial Results
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Bank of America (BAC) slips on Q4 revenue miss; Analyst sees 'some NII headwinds'
January 12, 2024 6:52 AM EST(Updated - January 12, 2024 8:24 AM EST)
Bank of America (NYSE: BAC) reported fourth-quarter revenue figures that trailed analyst estimates, causing shares to fall 2.4% in the premarket.
Earnings per share of 70 cents came in better than the analyst estimate of $0.60. However, the banking giant reported revenue for the quarter of $23.5 billion, missing the consensus estimate of $23.91 billion.
Trading revenue, excluding DVA, was $3.75 billion, just below the... More
