


(Reuters) -Bank of America Corp reported a bigger-than-expected fourth-quarter profit on Friday, helped by a surge in net interest income as the U.S. Federal Reserve raised rates through most of last year.
The 'higher-for-longer' rate environment to battle decades-high inflation has underpinned profits at consumer banks, with analysts expecting those gains to peak in 2023 and help offset sluggish dealmaking as well as bigger loan loss provisions.
Bank of America (NYSE:BAC)'s net interest income (NII) — a metric that measures the difference between the interest earned on loans and paid out on deposits — surged 29% to $14.7 billion in the quarter.
Its profit applicable to common shareholders rose 2% to $6.9 billion, or 85 cents per share. Analysts, on average, had estimated a profit of 77 cents per share, according to Refinitiv IBES data.
The bank's revenue, net of interest expense, increased 11% to $24.5 billion.
"We ended the year on a strong note, growing earnings year over year in the fourth quarter in an increasingly slowing economic environment," Chief Executive Brian Moynihan said in a statement.
The economic outlook darkened in 2022 as the Russsia-Ukraine conflict, high inflation and growing fears of a recession prompted lenders to set aside bigger reserves for bad loans and also cast a pall over capital markets, curbing investor appetite for deals and straining investment banking units.
Bank of America's investment banking fees more than halved to $1.1 billion in the quarter, taking some shine off the gains in its consumer business.
The bank added $403 million to its net reserve build. That compares with a net reserve release of $851 million a year ago.
Bank of America's shares were up 0.3% in premarket trading. The stock lost about 25.5% last year.
EUR/USD
1.0726
+0.0007 (+0.07%)
Summary
NeutralMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (7)
Sell (1)
EUR/USD
1.0726
+0.0007 (+0.07%)
Summary
NeutralMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (7)
Sell (1)
GBP/USD
1.2349
+0.0009 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (10)
Sell (0)
USD/JPY
140.39
-0.21 (-0.15%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (5)
AUD/USD
0.6537
+0.0015 (+0.23%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (9)
Sell (0)
USD/CAD
1.3592
-0.0019 (-0.14%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (7)
EUR/JPY
150.59
-0.16 (-0.11%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (6)
EUR/CHF
0.9695
-0.0014 (-0.14%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (1)
Gold Futures
1,960.85
-2.25 (-0.11%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (1)
Silver Futures
23.367
+0.007 (+0.03%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (5)
Sell (1)
Copper Futures
3.6787
-0.0033 (-0.09%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (9)
Sell (0)
Crude Oil WTI Futures
73.22
+0.55 (+0.76%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (10)
Sell (0)
Brent Oil Futures
77.45
+0.47 (+0.61%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (9)
Sell (0)
Natural Gas Futures
2.425
+0.008 (+0.33%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
US Coffee C Futures
180.75
-1.95 (-1.07%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Euro Stoxx 50
4,345.25
+7.75 (+0.18%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (9)
S&P 500
4,205.45
+54.17 (+1.30%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (2)
Sell (9)
DAX
16,024.13
+40.16 (+0.25%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (6)
FTSE 100
7,627.20
+56.33 (+0.74%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (8)
Hang Seng
18,528.39
-218.53 (-1.17%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
US Small Cap 2000
1,773.02
+18.42 (+1.05%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
IBEX 35
9,220.86
+29.76 (+0.32%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (2)
BASF SE NA O.N.
47.005
+0.095 (+0.20%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (5)
Bayer AG NA
54.48
+0.08 (+0.15%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (7)
Allianz SE VNA O.N.
208.53
+1.13 (+0.54%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (1)
Adidas AG
155.15
-0.29 (-0.19%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (11)
Deutsche Lufthansa AG
9.275
+0.053 (+0.57%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
Siemens AG Class N
157.06
+0.38 (+0.24%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (8)
Deutsche Bank AG
9.810
+0.068 (+0.70%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (10)
EUR/USD | 1.0726 | Neutral | |||
GBP/USD | 1.2349 | ↑ Buy | |||
USD/JPY | 140.39 | Sell | |||
AUD/USD | 0.6537 | ↑ Buy | |||
USD/CAD | 1.3592 | ↑ Sell | |||
EUR/JPY | 150.59 | ↑ Sell | |||
EUR/CHF | 0.9695 | Neutral |
Gold | 1,960.85 | Neutral | |||
Silver | 23.367 | Neutral | |||
Copper | 3.6787 | ↑ Buy | |||
Crude Oil WTI | 73.22 | ↑ Buy | |||
Brent Oil | 77.45 | ↑ Buy | |||
Natural Gas | 2.425 | ↑ Buy | |||
US Coffee C | 180.75 | ↑ Sell |
Euro Stoxx 50 | 4,345.25 | ↑ Sell | |||
S&P 500 | 4,205.45 | ↑ Sell | |||
DAX | 16,024.13 | ↑ Sell | |||
FTSE 100 | 7,627.20 | ↑ Sell | |||
Hang Seng | 18,528.39 | ↑ Sell | |||
Small Cap 2000 | 1,773.02 | ↑ Buy | |||
IBEX 35 | 9,220.86 | ↑ Buy |
BASF | 47.005 | Sell | |||
Bayer | 54.48 | ↑ Sell | |||
Allianz | 208.53 | ↑ Buy | |||
Adidas | 155.15 | ↑ Sell | |||
Lufthansa | 9.275 | ↑ Sell | |||
Siemens AG | 157.06 | ↑ Sell | |||
Deutsche Bank AG | 9.810 | ↑ Sell |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,640![]() ![]() (-5 ![]() ![]() |
SJC HCM | 6,640![]() ![]() (5 ![]() ![]() |
SJC Hanoi | 6,640![]() ![]() (5 ![]() ![]() |
SJC Danang | 6,640![]() ![]() (5 ![]() ![]() |
SJC Nhatrang | 6,640![]() ![]() (5 ![]() ![]() |
SJC Cantho | 6,640![]() ![]() (5 ![]() ![]() |
Cập nhật 29-05-2023 15:28:45 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,942.72 | -1.24 | -0.06% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 22.270 | 22.710 |
RON 95-III | 21.490 | 21.910 |
E5 RON 92-II | 20.480 | 20.880 |
DO 0.05S | 17.950 | 18.300 |
DO 0,001S-V | 18.810 | 19.180 |
Dầu hỏa 2-K | 17.960 | 18.310 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $73.25 | -7.28 | -0.09% |
Brent | $77.46 | -7.18 | -0.08% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.280,00 | 23.650,00 |
EUR | 24.526,45 | 25.899,79 |
GBP | 28.234,82 | 29.438,76 |
JPY | 162,18 | 171,70 |
KRW | 15,30 | 18,65 |
Cập nhật lúc 15:21:18 29/05/2023 Xem bảng tỷ giá hối đoái |