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Wednesday, January 15, 2020

=Bank of America (BAC) reported earnings on Wed 15 Jan 20 (b/o)



Bank of America beats by $0.05, reports revs in-line
  • Reports Q4 (Dec) earnings of $0.74 per share, $0.05 better than the S&P Capital IQ Consensus of $0.69; revenues fell 1.8% year/year to $22.3 bln vs the $22.3 bln S&P Capital IQ Consensus.
  • Average loans and leases grew $20 bln, or 6%, to $377 bln, driven by broad-based growth across corporate and commercial clients.
  • Efficiency ratio 59%.

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