Bank of America Merrill Lynch Has Amazing Earnings Quarter
- 5 years ago
Bank of America Merrill Lynch announced fourth-quarter earnings results Wednesday, handily beating expectations with $0.70 in adjusted earnings of per share and record net earnings of $7.3 billion. Analysts had projected the bank to report adjust earnings of $0.63 per share. Fixed-income trading revenues fell 15%, a smaller loss than peers Citigroup and JPMorgan Chase reported earlier this week. Here are the highlights: Revenues: $22.7 billion, beating expectations of $22.4 billion.