Bank of America (BAC) PT Lifted to $16 at Evercore on 'Less Noisy' Qtr and Positive Outlook
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Bank of America (BAC) Q2 Results 'Mixed,' Outlook Positive - Evercore
July 17, 2013 9:08 AM EDTEvercore Partners analyst Andrew Marquardt provided an early read of Bank of America (NYSE: BAC)'s Q2 results.
The analyst noted the $.32 headline EPS number included several specials that net added $0.06/share. This brings "core" EPS closer to $0.26 which compares to their estimates and the consensus of $0.25. The beat was driven by lower credit costs while core... More
Bank Of America (BAC) Posts Q2 EPS of 32c; Capital Ratios Improve
July 17, 2013 7:01 AM EDT(Updated - July 17, 2013 7:07 AM EDT)
Bank Of America Corp. (NYSE: BAC) reported Q2 EPS of $0.32, $0.07 better than the analyst estimate of $0.25. Revenue for the quarter came in at $22.95 billion versus the consensus estimate of $22.61 billion.
The Tier 1 common capital ratio, including the Market Risk Final Rule, was 10.83 percent at June 30, 2013, up from 10.49 percent at March 31, 2013. Prior to March 31, 2013, reported Basel 1 results were not calculated using the... More
