Categories AlphaGraphs, Earnings, Finance
BAC Earnings: A snapshot of Bank of America’s Q4 2022 report
Bank of America Corporation (NYSE: BAC) on Friday announced financial results for the fourth quarter of 2022, reporting higher net profit and revenues.
Fourth quarter net income was $7.1 billion, or $0.85 per share, compared to $7.0 billion, or $0.82 per share in the corresponding period of 2021. Revenue, net of interest expense, increased 11% to $24.5 billion.
“We ended the year on a strong note growing earnings year over year in the 4th quarter in an increasingly slowing economic environment. The themes in the quarter have been consistent all year as organic growth and rates helped deliver the value of our deposit franchise,” said Bank of America’s CEO Brian Moynihan.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
_________________________________________________________________________________________________________________
Most Popular
Ulta Beauty (ULTA) Earnings: 1Q24 Key Numbers
Ulta Beauty, Inc. (NASDAQ: ULTA) reported net sales of $2.7 billion for the first quarter of 2024, up 3.5% year-over-year, driven by higher comparable sales, new store contribution, and growth
Costco reports stronger-than-expected Q3 earnings; revenue up 9%
Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, Thursday reported higher earnings and sales for the third quarter. Earnings also came in above estimates. Q3 revenues
Key takeaways from Hormel Foods’ (HRL) Q2 2024 earnings report
Shares of Hormel Foods Corporation (NYSE: HRL) plunged 8% on Thursday after the company delivered mixed results for the second quarter of 2024. Earnings beat expectations while revenues missed the