Company News: Bank of America (BAC) posts mixed quarterly results

Market news

13 January 2017

Company News: Bank of America (BAC) posts mixed quarterly results

Bank of America reported Q4 FY 2016 earnings of $0.40 per share (versus $0.28 in Q4 FY 2015), beating analysts' consensus estimate of $0.38.

The company's quarterly revenues amounted to $19.990 bln (+2.1% y/y), missing analysts' consensus estimate of $21.058 bln.

Bank of America also increased planned share repuchases for 1H17 by $1.8 bln to $4.3 bln.

BAC fell to $22.74 (-0.79%) in pre-market trading.

Option expiries for today's 10:00 ET NY cut

US Producer Price Index for final demand increased 0.3 percent in December

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