 "Bank of America’s Q4 profit falls 18% to $5.47 bn but tops Street views")
Bank of America says its Q4 profit fell nearly 18 per cent to $5.47 billion from $6.99 billion a year earlier.
The bank, based in Charlotte, North Carolina, said Tuesday that it had earnings of 59 cents per share, down from 74 cents a year ago.
The results, however, surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
Firm plans to buy back $2.9-billion stock this quarter
The firm said it plans to repurchase $2.9 billion worth of stock this quarter, the
The bank, based in Charlotte, North Carolina, said Tuesday that it had earnings of 59 cents per share, down from 74 cents a year ago.
The results, however, surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
Firm plans to buy back $2.9-billion stock this quarter
The firm said it plans to repurchase $2.9 billion worth of stock this quarter, the
