- Bank of America’s net interest income for Q4 reached $14.36 billion, surpassing the estimated $14.12 billion.
- Full Tax Equivalent (FTE) net interest income was $14.51 billion, beating the forecast of $14.34 billion.
- Trading revenue, excluding Debt Valuation Adjustment (DVA), was $4.13 billion.
- The company’s FICC (Fixed Income, Currencies, and Commodities) trading revenue, excluding DVA, was $2.48 billion.
- Equities trading revenue, excluding DVA, totaled $1.64 billion.
- Revenue net of interest expense stood at $25.35 billion, exceeding the projected $25.16 billion.
- Provision for credit losses was $1.45 billion, lower than the anticipated $1.57 billion.
- Earnings per share (EPS) were reported at 82 cents.
- Return on average equity was 9.37%, surpassing the estimate of 8.75%.
- Return on average assets was 0.8%, higher than the predicted 0.74%.
- Return on average tangible common equity was 12.6%, exceeding the expected 11.9%.
- Net interest yield was 1.97%, slightly above the forecasted 1.94%.
- Basel III common equity Tier 1 ratio, on a fully phased-in, advanced approach, was 13.5%, compared to the estimate of 13.4%.
- The standardized CET1 ratio was 11.9%, above the predicted 11.7%.
- Total loans amounted to $1.10 trillion, exceeding the forecast of $1.08 trillion.
- Total deposits were $1.97 trillion, ahead of the expected $1.95 trillion.
- Non-interest expenses totaled $16.79 billion, slightly above the estimated $16.61 billion.
- Analyst ratings include 21 buys, 4 holds, and 1 sell.
A look at Bank Of America Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Bank of America Corporation, a financial institution offering a wide range of banking, investment, and risk management services, has been assessed using Smartkarma Smart Scores. According to the scores, Bank of America shows strong performance in terms of value, with a score of 4, indicating a positive outlook in this aspect. Additionally, the company has obtained a score of 3 for both dividend and growth factors, reflecting a moderate standing. However, it shows lower resilience with a score of 2. On a brighter note, Bank of America demonstrates robust momentum with a score of 5, suggesting a favorable trend in this area. These scores collectively provide insights into the overall outlook for Bank of America from a Smartkarma perspective.
In summary, Bank of America Corporation operates as a comprehensive financial services entity, catering to various needs such as banking, investing, asset management, and risk management. The company encompasses subsidiaries specializing in mortgage lending, investment banking, and securities brokerage, offering a diversified portfolio of services to its clientele. Smartkarma’s assessment of Bank of America’s Smart Scores, highlighting aspects such as value, dividend, growth, resilience, and momentum, provides a snapshot of the company’s overall standing in the market, indicating its strengths and areas for potential improvement in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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