h*8
2 楼
For the first quarter of 2012, Bank of America reported adjusted EPS of 31
cents beating analysts' estimates.
From the release:
Bank of America Corporation today reported net income of $653 million, or $0
.03 per diluted share, for the first quarter of 2012. Revenue, net of
interest expense, on a fully taxable-equivalent (FTE)1 basis was $22.5
billion, including negative valuation adjustments related to changes in the
company’s credit spreads of $4.8 billion pretax, or $0.28 a share.
The results compare to net income of $2.0 billion, or $0.17 per diluted
share, in the year-ago quarter on revenue of $27.1 billion when the company
reported negative valuation adjustments of $943 million, or $0.06 per share.
Excluding the valuation adjustments from both periods, revenue was down 3
percent in the first quarter of 2012 to $27.3 billion2.
"By focusing on building strong customer and client relationships, we’re
doing more business and winning in the marketplace,” said Chief Executive
Officer Brian Moynihan. “Our strategy is paying off: With the economy
steadily improving and because of the work we have done to strengthen and
simplify our company, we saw improved profitability in all of our businesses
this quarter compared to the fourth quarter of last year."
"The narrowing of our credit spreads reflects the significant progress we’
ve made to strengthen the balance sheet,” said Chief Financial Officer
Bruce Thompson. “During the quarter, we increased our Tier 1 common equity
ratio by 92 basis points from the prior quarter, improved our liquidity to
record levels and continued to reduce risk-weighted assets. While the
improvement in our credit spreads results in a negative adjustment to
earnings this quarter, it should not overshadow the positive momentum that
we are seeing in our businesses."
Click here to refresh for updates>
EARLIER POST: Bank of America, the second-largest U.S. bank, is expected to
report first-quarter earnings around 7 a.m. today.
For the first-quarter of 2012, analysts expect the Charlotte, North
Carolina-based bank to deliver earnings of 12 cents EPS on revenue of $22.6
billion, according to data compiled by Bloomberg.
In Q4, BofA reported a loss of 3 cents a share on revenue of $25.1 billion.
cents beating analysts' estimates.
From the release:
Bank of America Corporation today reported net income of $653 million, or $0
.03 per diluted share, for the first quarter of 2012. Revenue, net of
interest expense, on a fully taxable-equivalent (FTE)1 basis was $22.5
billion, including negative valuation adjustments related to changes in the
company’s credit spreads of $4.8 billion pretax, or $0.28 a share.
The results compare to net income of $2.0 billion, or $0.17 per diluted
share, in the year-ago quarter on revenue of $27.1 billion when the company
reported negative valuation adjustments of $943 million, or $0.06 per share.
Excluding the valuation adjustments from both periods, revenue was down 3
percent in the first quarter of 2012 to $27.3 billion2.
"By focusing on building strong customer and client relationships, we’re
doing more business and winning in the marketplace,” said Chief Executive
Officer Brian Moynihan. “Our strategy is paying off: With the economy
steadily improving and because of the work we have done to strengthen and
simplify our company, we saw improved profitability in all of our businesses
this quarter compared to the fourth quarter of last year."
"The narrowing of our credit spreads reflects the significant progress we’
ve made to strengthen the balance sheet,” said Chief Financial Officer
Bruce Thompson. “During the quarter, we increased our Tier 1 common equity
ratio by 92 basis points from the prior quarter, improved our liquidity to
record levels and continued to reduce risk-weighted assets. While the
improvement in our credit spreads results in a negative adjustment to
earnings this quarter, it should not overshadow the positive momentum that
we are seeing in our businesses."
Click here to refresh for updates>
EARLIER POST: Bank of America, the second-largest U.S. bank, is expected to
report first-quarter earnings around 7 a.m. today.
For the first-quarter of 2012, analysts expect the Charlotte, North
Carolina-based bank to deliver earnings of 12 cents EPS on revenue of $22.6
billion, according to data compiled by Bloomberg.
In Q4, BofA reported a loss of 3 cents a share on revenue of $25.1 billion.
f*r
3 楼
F1来了?
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