Bank of America beats the consensus in the fourth quarter

(Boursier.com) — Bank of America published results above expectations for the quarter ended, which does not prevent the title from consolidating on Wall Street. Profit attributable to common shareholders rose 2% to $6.9 billion in the fourth quarter. Earnings per share were $0.85. Net banking income increased by 11% to 24.5 billion dollars. The consensus was 77 cents in adjusted earnings per share on $24.3 billion in revenue. Net interest income soared 29% in the fourth quarter to 14.7 billion. “We ended the year on a strong note, strengthening year-over-year profits in the fourth quarter in an increasingly slow economic environment,” added chief executive Brian Moynihan.