很久没有说 BAC了， 要冲 21--> PE= 15 （2015）， 21 -->PE = 13 （2016）

 

Bank of America Corporation (BAC)

-NYSE

16.06 0.13(0.82%) 12:30PM EDT - Nasdaq Real Time Price

Add to Portfolio

Analyst Estimates Get Analyst Estimates for:

Earnings Est Current Qtr. Jun 15 Next Qtr. Sep 15 Current Year Dec 15 Next Year Dec 16 Avg. Estimate 0.36 0.35 1.34 1.60 No. of Analysts 28.00 28.00 30.00 30.00 Low Estimate 0.31 0.27 1.18 1.47 High Estimate 0.40 0.40 1.50 1.80 Year Ago EPS 0.19 -0.04 0.36 1.34

Bank of America just reported first quarter earnings that beat on the bottom line and missed on the top line.

Adjusted earnings per share were $0.36 on revenue of $21.4 billion.

Analysts were expecting earnings per share of $0.29 on revenue of $21.6 billion, according to Bloomberg.

In the same quarter last year, the bank reported adjusted earnings per share of $0.35 on revenue of $22.8 billion.

"We see continued encouraging signs in customer and client activity, with consumer spending increasing and utilization of credit by our commercial customers rising," said CEO Brian Moynihan in a press release. "This should bode well for the near-term economic outlook."

Regarding its revenue miss, Bank of America said: "Nearly $1 billion of this decline was related to a $757 million reduction in equity investment income as the prior year included a gain on sale of a portion of an equity investment, and $211 million was related to additional market-related adjustments on the company's debt securities portfolio due to the impact of lower long-term interest rates."

Revenues in the investment banking department were $4.3 billion. Firmwide investment banking fees were $1.5 billion.

Trading revenue was $4.6 billion and in fixed income, currencies, and commodities, the bank recorded the highest foreign exchange and trading revenue since its merger with Merrill Lynch.

The bank also reported that the number of 60+ day delinquent first mortgages were down 19 percent from the prior quarter and 45 percent from the same quarter a year ago.

Legal fees came in at $370 million, down from $6 billion in the same quarter last year and $393 million last quarter.

The lower legal fees helped bring noninterest expenses down to $15.7 billion compared, with $22.2 billion in the same quarter a year ago. The bank said that savings from its cost-cutting "New BAC" program, launched in 2011 and designed to streamline and align expenses, also contributed to the lower expenses.

Last quarter, BofA saw a dip in quarterly profits, including a $397 million loss in its real estate division and a net loss of $72 million in trading revenues.

Goldman Sachs and Citigroup will report their Q1 earnings on Thursday.

Read more: http://www.businessinsider.com/bank-of-america-q1-earnings-2015-2015-4#ixzz3YuAwiart

所有跟帖： 

• 吸筹完毕， 该拉了 -laboy- ♂ (0 bytes) () 05/01/2015 postreply 09:32:26

• 借发哥吉言，冲冲冲。 -hotsauce- ♀ (0 bytes) () 05/01/2015 postreply 09:54:29