Bank of America (BAC) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4.76%. A quarter ago, it was expected that this nation’s second-largest bank would post earnings of $0.79 per share when it actually produced earnings of $0.94, delivering a surprise of 18.99%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
