#1
June 5th, 2016, 02:17 PM
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Bank of America Earnings Release
Hii Buddy , I want to Know Bank of America 2016 Quarterly Earnings Release Report , Here Can you please Provide ,me ?
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#2
June 6th, 2016, 09:03 AM
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Re: Bank of America Earnings Release
Bank of America (BAC) released its Q1 Earnings Announcement on Thursday, and the company's message was largely in line with lackluster expectations. The bank earned $0.21 per share, which was a penny better than analysts' expectations. Average loans and leases grew 8% to $215 billion. Total credit and debit card spending activity increased by 5%. Bank of America issued 1.2 million new US consumer credit cards during the period. Fiscal Quarter End Date Reported Earnings Per Share Consensus EPS Forecast % Surprise Mar2016 04/14/2016 0.21 0.22 -4.55 Dec2015 01/19/2016 0.28 0.27 3.7 Sep2015 10/14/2015 0.37 0.34 8.82 Jun2015 07/15/2015 0.45 0.36 25 Bank of America Reports First-Quarter 2016 Bank of America Reports Q1-16 Net Income of $2.7Billion, EPS of $0.21 Results Include $1.2Billion ($0.07 per Share) in Negative Market-Related NII Adjustments and $0.9Billion ($0.05 per Share) in Annual Retirement-Eligible Incentive Compensation Costs Financial Highlights Revenue, net of interest expense (FTE basis) of $19.7 billion (A) – Excluding market-related net interest income (NII) adjustments, revenue (FTE basis) was $20.9 billion, compared to $21.6 billionin Q1-15 (A) NII (FTE basis) of $9.4 billion (A) – Excluding market-related NII adjustments, NII increasedto $10.6 billionfrom $10.1 billionin Q1-15 (A) Noninterest income of $10.3 billion, compared to $11.5 billion Provision for credit losses of $997 million, compared to $765 million; net charge-offs declined to $1.1 billion from $1.2 billion Noninterest expense declined 1.0 billion, or 6%, to $14.8 billion For Complete Information about Bank of America 2016 Quarterly Earnings Here I am Attaching pdf file you Can Download free of Cost : Bank of America 2016 Quarterly Earnings Information : |
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