Bank of America Joins Rivals in Topping Q4 Estimates

Bank of America (BAC) shares rose in premarket trading Thursday as the bank's fourth-quarter results beat analysts' estimates. The firm reported $6.67 billion in net income on $25.35 billion in revenue. Analysts polled by Visible Alpha expected $6.32 billion and $25.02 billion, respectively. Bank of America's net interest income came in at $14.36 billion, just above the $14.18 billion consensus. The company also topped estimates in each of its first three quarters of the year. Bank of America shares rose 1 ...