Bank of America reported Q4 FY 2016 earnings of $0.40 per share (versus $0.28 in Q4 FY 2015), beating analysts’ consensus estimate of $0.38.
The company’s quarterly revenues amounted to $19.990 bln (+2.1% y/y), missing analysts’ consensus estimate of $21.058 bln.
Bank of America also increased planned share repuchases for 1H17 by $1.8 bln to $4.3 bln.
BAC fell to $22.74 (-0.79%) in pre-market trading.
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