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More on Bank of America (BAC) Q4 earnings: Net interest margin of 2.35%, up from 2.32% in Q3,...

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)
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Comments (3)
  • june1234
    , contributor
    Comments (2692) | Send Message
     
    BAC earned 3 cents a share, down from 15 cents a share a year ago. However analysts polled by FactSet Research had expected the company to earn 2 cents a share on revenue of $21.19 billion.
    All in all: Not as bad expected, could be good for a significant pop to the upside
    17 Jan 2013, 07:59 AM Reply Like
  • ComputerBlue
    , contributor
    Comments (820) | Send Message
     
    Id be surprised if it went up. C will be down big I'm sure. BAC rarely goes up after earnings from what I can tell.
    17 Jan 2013, 08:32 AM Reply Like
  • pilot fish
    , contributor
    Comments (115) | Send Message
     
    I see a small pull back, earnings or not. I'll expect it to pull back to mid $10's. At least I hope so I can pick up more. I dumped alot because of the stupid fiscal cliff stuff and hope to re-enter soon. But I see alot of the moving averages turning negative and will wait for those to turn around. my opinion for what it's worth...
    17 Jan 2013, 09:54 AM Reply Like
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