Bank of America Corp Posts Lower Q4 Results; Misses Estimates (BAC)

• BAC reported net income of $3.1 billion, or 25 cents per share, down from $3.4 billion, or 29 cents per share, a year ago.
• Revenue came in at $19.0 billion, compared to $21.7 billion last year.
• On average, analysts expected to see EPS of 32 cents and $20.94 billion in revenue.

BAC’s CEO Brian Moynihan commented: “In 2014, we continued to invest in our businesses while reducing expenses and resolving our most significant litigation matters.”

BofA paid its last 5 cent dividend on December 26. We expect the company to declare its next dividend in February.

See also: Bank Dividends: Little Recovery from Financial Crisis

Shares of BAC were down 44 cents, or 2.68%, during pre-market trading Thursday.

Click here to see the complete history of BAC dividends.

Bank of America (BAC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.