More on Bank of America (BAC) Q4 earnings: Net interest margin of 2.35%, up from 2.32% in Q3, down from 2.45% a year ago. Mortgage business up 41% from a year ago, but this excludes $6.5B in correspondent loans in 2011 Q4. Credit loss provision off 25% Y/Y to $963M as credit performance improved across all lending segments (delinquent 1st mortgages -17% Y/Y). Tangible book value/share of $13.36 is down from $13.48 in Q3, up from $12.95 a year ago. Tier 1 capital ratio 11.06%. Shares back to flat premarket. (PR)
Check out Seeking Alpha’s new New Earnings Center
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at Nasdaq.com (Tue, 2:07PM)
at Nasdaq.com (Tue, 9:00AM)
at Benzinga.com (Fri, 3:01PM)
at Nasdaq.com (Thu, 2:51PM)
at MarketWatch.com (Thu, 8:15AM)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs