Bank of America Corp announces quarterly dividends.
$Bank of America (BAC.US)$Bank of America Corp (BofA) announced on the 12th that its fourth quarter 2023 net profit decreased significantly from $7.1 billion in the same period last year to $3.1 billion. This was due to the impact of booking $3.7 billion in temporary expenses.
Earnings per share decreased significantly from $0.85 in the same period last year to $0.35. Earnings per share, excluding two temporary expenses such as replenishment of funds for bank failures, were $0.70, slightly exceeding the financial estimates compiled by LSEG of $0.68.
The trading and investment banking divisions performed well, with the fourth quarter trading division revenue increasing by 1% to $3.8 billion compared to the same period last year. Stock income surged by 12%. The investment banking division's fee income increased by 7% to $1.1 billion. Net interest income (NII) decreased by 5% to $13.9 billion.
I thought it was a great sale when it was around $25 at the beginning of last October, so I bought more. I should have bought even more.
Of course, there was a considerable unrealized loss at that time.
In terms of yen conversion, it's a plus, and it's okay because there are dividends, but I still want to make it a plus in dollars.
It's probably not a company that will suddenly rise, but I've been yearning for the buying price for about 2 years.