
Bank Of America Delivers A Resounding ‘Meh’
Following results from JPMorgan and Citi that suggested the street's bond traders put up some of the best numbers since the crisis in the fourth quarter, BofA stepped up to bat. Spoiler alert: There's nothing particularly inspiring in these numbers, although there isn't anything that's necessarily "bad", either.
Q4 EPS was a slight beat at $0.74, net income was $7 billion and revenue net of interest expense came in at $22.35 billion, down 1.5% YoY.
NII beat for a second straight quarter, comin
Consumer credit quality may look a whole lot different this time next year.