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Bank of America announced earnings per share of $0.59 on revenue of $20.10B. Analysts polled by Investing.com anticipated EPS of $0.5474 on revenue of $20.56B.
Bank of America shares are up 8% from the beginning of the year, still down 6.88% from its 52 week high of $35.45 set on February 12, 2020. They are outperforming the S&P 500 which is up 0.32% from the start of the year.
Bank of America’s report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.79 on revenue of $30.16B, compared to forecasts EPS of $2.62 on revenue of $28.67B.
Citigroup had beat expectations on Friday with fourth quarter EPS of $2.08 on revenue of $16.5B, compared to forecast for EPS of $1.34 on revenue of $16.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
