Bank of America Profit Climbs 12% as Earnings Top Estimates

Revenue rose 7% to $28.4 billion. That topped the $27.76 billion analysts had forecast, according to data compiled by FactSet. Bank of America's shares rose 1.4% in premarket trading. The stock has gained up 21% in the past year through Tuesday's market close, just outperforming the S&P 500 in that time. Bank of America reported fourth-quarter profit that rose 12% to $7.6 billion from a year ago. On a per-share basis, earnings were 98 cents, topping the 96 cents that analysts expected. ...