Bank of America Reports Q4 EPS & Revenue Beat, But a Net Interest Income Miss
<p><a href='https://financialmodelingprep.com/financial-summary/BAC'>Bank of America (NYSE:BAC)</a> reported its Q4 results, with EPS of $0.85 beating the Street estimate of $0.79. Revenue came in at $24.5 billion, better than the Street estimate of $24.32 billion. Net interest income (NII) was up 29% year-over-year to $14.7 billion, missing the Street expectation of $14.9 billion.</p>
<p>According to the analysts at Oppenheimer, NII outlook aside, Q4/22 results included excellent indications of positive operating leverage: Core revenues up 12.1% year-over-year against core expenses only 5.5% (and for fiscal 2022, 6.5% against 4.3%, respectively). Thus, the analysts believe we are seemingly presented glimpses of rate-driven NII growth flowing to the bottom line, but note they understand this trend may be muddled for 2023.</p>

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