Bank Of America Reports Q4 Earnings

Bank of America BAC reported fourth-quarter earnings of 74 cents per share Wednesday, beating the Street estimate of 68 cents by 8.82%.

This is a 5.71% increase over earnings of 70 cents per share in the same period last year.

The company reported quarterly GAAP sales of $22.3 billion while non-GAAP sales came in at $22.494 billion, beating the Street estimate of $22.35 billion.

This is a 2.58% decrease over sales of $22.891 billion the same period last year.

Bank of America shares were trading down 0.2% at $35.25 at the time of publication in Wednesday's pre-market session.

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