Breaking Down Early Q4 Earnings Results

We are off to a good enough start in the Q4 earnings season, though it may be hard to reach that conclusion from the seemingly ‘noisy’ big bank results. Please note that the bank results aren’t bad or weak, though most struggled to beat consensus revenue estimates.Bank of America’s Q4 earnings declined -17.3% from the year-earlier period on -10.5% lower revenues. The bank’s Q4 earnings actually beat estimates, so the year-over-year decline, largely due to the FDIC fee, was no surprise to the market. The com ...