Bank of America beats earnings expectations (BAC)
|01/21/2018||Posted by BusinessMediaguide.Com under General World News||
Bank of America Merrill Lynch released results from its fourth quarter Wednesday, beating expectations with adjusted earnings of $0.47 a share.
Wall Street analysts were expecting the firm to report adjusted earnings of $0.45 a share.
Like the other big banks, Bank of America took a hit from the recently enacted tax law, writing down $2.9 billion primarily in deferred tax assets that declined in value.
Accounting for the one-time impacts of the new law, the bank had nonadjusted earnings read more >>>