Bank of America Announces Quarterly Dividends
$Bank of America (BAC.US)$ Net profit for the fourth quarter of 2023 announced by Bank of America (BoFA) on the 12th was 3.1 billion dollars, a drastic decrease from 7.1 billion dollars in the same period last year. The fact that a temporary cost of 3.7 billion dollars was recorded resonated.
Earnings per share were 0.35 dollars, a significant decrease from 0.85 dollars in the same period last year. Earnings per share excluding two temporary expenses, such as replenishment to funds in the event of bank failure, were 0.70 dollars, which slightly exceeded the forecast of 0.68 dollars compiled by LSEG.
The trading division and investment banking sector performed well, and revenue from the trading division for the fourth quarter was 38 billion dollars, up 1% from the same period last year. Stock earnings soared to 12%. The investment banking sector's fee revenue increased 7% to 1.1 billion dollars. Net interest income (NII) fell 5% to 13.9 billion dollars.
At the beginning of October last year, when it was around $25, I bought more, thinking it was a bargain sale, but I wish I had bought more.
Of course, there were quite a few unrealized losses at that point.
It's positive when converted to yen, and it's fine because there are dividends, but I just want to make it positive in dollars.
It's probably not a company that goes up all of a sudden, but I've been impatient with the purchase price for about 2 years.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
