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More on Bank of America (NYSE:BAC): Adjusted EPS is $0.31/share (DVA adjustment cut $0.28 from...

Apr. 19, 2012 7:18 AM ETBank of America Corporation (BAC) StockBACBy: Stephen Alpher, SA News Editor6 Comments
More on Bank of America (NYSE:BAC): Adjusted EPS is $0.31/share (DVA adjustment cut $0.28 from headline number). Provision for credit losses of $2.4B is off about $1.4B Y/Y. Net charge-off ratio drops to 1.8% from 2.61% one year ago. Tier 1 common equity ratio 10.78% vs. 11.32%, tangible book value $12.87 vs. $13.21 one year ago. Shares +5.3% premarket.

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