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

Before the opening bell on Thursday, Bank of America Corp (BAC ) reported its fourth quarter results, which missed analyst expectations.

BAC's Earnings in Brief

  • 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.

CEO Commentary

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.”

BAC's Dividend

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

Stock Performance

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

BAC Dividend Snapshot

As of market close on January 14, 2015

BAC dividend yield annual payout payout ratio dividend growth

Click here to see the complete history of BAC dividends.

The Bottom Line

Bank of America (BAC ) is not recommended at this time, holding a 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.