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Earnings Update: Bank of America
Wells Fargo (WFC) reported Q4 earnings per share of $0.15 per share, which was below the FactSet consensus estimate of $0.22 (First Call estimate was $0.15).
The company reported revenues of $25.15 billion vs. consensus of $23.74 billion.
Provision for credit losses were $2.93 billion vs last quarter’s $3.41 billion.
Net charge-offs were $4.05B for a rate of 1.74% vs $5.09B and 2.17% in Q3
Tier 1 common capital ratio 9.86% from 8.65% in Q3
The stock last traded at $7.20,up from the closing price of $6.80.
Bank of America Last 12 Months
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