Bank of America: Q4 EPS up 39%

(CercleFinance.com) - Bank of America has posted a 28% increase in net income to 7 billion dollars for Q4 2021, with EPS up 39% at 82 cents, thanks to strong operating leverage.


Net interest income rose 10% to 22.1 billion dollars, with net interest income up 11%, in part thanks to higher deposits, while non-interest expenses rose by just 6%.

Credit loss provisions also improved by 542 million dollars, resulting in a 489 million dollar profit on this line, due to improvements in asset quality and the macro economy.


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