

(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
1.0901
0.0000 (0.00%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (9)
EUR/USD
1.0901
0.0000 (0.00%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (1)
Sell (9)
GBP/USD
1.2391
+0.0008 (+0.06%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (9)
USD/JPY
132.91
+0.26 (+0.20%)
Summary
NeutralMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (6)
Sell (0)
AUD/USD
0.6716
+0.0009 (+0.14%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (5)
USD/CAD
1.3526
+0.0006 (+0.04%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (7)
Sell (0)
EUR/JPY
144.90
+0.29 (+0.20%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
EUR/CHF
0.9963
+0.0009 (+0.09%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (6)
Gold Futures
1,998.55
+0.85 (+0.04%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (9)
Silver Futures
24.043
+0.054 (+0.23%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (8)
Copper Futures
4.0880
-0.0235 (-0.57%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Crude Oil WTI Futures
74.34
-0.03 (-0.04%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (8)
Sell (2)
Brent Oil Futures
78.45
-0.15 (-0.19%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (4)
Sell (2)
Natural Gas Futures
2.100
-0.003 (-0.14%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (0)
US Coffee C Futures
170.15
+0.45 (+0.27%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (6)
Euro Stoxx 50
4,285.42
+54.15 (+1.28%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (1)
Sell (7)
S&P 500
4,050.83
+23.02 (+0.57%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
DAX
15,522.40
+193.62 (+1.26%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (0)
Sell (9)
FTSE 100
7,620.43
+56.16 (+0.74%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (6)
Hang Seng
20,507.00
+197.87 (+0.97%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (6)
US Small Cap 2000
1,768.38
-3.22 (-0.18%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (5)
IBEX 35
9,207.10
+136.40 (+1.50%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
BASF SE NA O.N.
47.900
+0.720 (+1.53%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
Bayer AG NA
57.78
+0.51 (+0.89%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Allianz SE VNA O.N.
211.80
+2.45 (+1.17%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (1)
Adidas AG
155.00
+8.58 (+5.86%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (6)
Deutsche Lufthansa AG
9.950
+0.303 (+3.14%)
Summary
NeutralMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (4)
Sell (4)
Siemens AG Class N
148.52
+2.22 (+1.52%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Deutsche Bank AG
9.289
+0.146 (+1.60%)
Summary
NeutralMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (6)
Sell (1)
EUR/USD | 1.0901 | ↑ Sell | |||
GBP/USD | 1.2391 | ↑ Sell | |||
USD/JPY | 132.91 | Neutral | |||
AUD/USD | 0.6716 | Neutral | |||
USD/CAD | 1.3526 | ↑ Buy | |||
EUR/JPY | 144.90 | ↑ Sell | |||
EUR/CHF | 0.9963 | ↑ Sell |
Gold | 1,998.55 | ↑ Sell | |||
Silver | 24.043 | ↑ Sell | |||
Copper | 4.0880 | ↑ Sell | |||
Crude Oil WTI | 74.34 | ↑ Buy | |||
Brent Oil | 78.45 | Neutral | |||
Natural Gas | 2.100 | ↑ Buy | |||
US Coffee C | 170.15 | Sell |
Euro Stoxx 50 | 4,285.42 | ↑ Sell | |||
S&P 500 | 4,050.83 | ↑ Buy | |||
DAX | 15,522.40 | ↑ Sell | |||
FTSE 100 | 7,620.43 | ↑ Sell | |||
Hang Seng | 20,507.00 | ↑ Sell | |||
Small Cap 2000 | 1,768.38 | ↑ Sell | |||
IBEX 35 | 9,207.10 | ↑ Sell |
BASF | 47.900 | ↑ Buy | |||
Bayer | 57.78 | ↑ Buy | |||
Allianz | 211.80 | ↑ Buy | |||
Adidas | 155.00 | Sell | |||
Lufthansa | 9.950 | Neutral | |||
Siemens AG | 148.52 | ↑ Buy | |||
Deutsche Bank AG | 9.289 | Neutral |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,645![]() ![]() (5 ![]() ![]() |
SJC HCM | 6,645![]() ![]() (15 ![]() ![]() |
SJC Hanoi | 6,645![]() ![]() (15 ![]() ![]() |
SJC Danang | 6,645![]() ![]() (15 ![]() ![]() |
SJC Nhatrang | 6,645![]() ![]() (15 ![]() ![]() |
SJC Cantho | 6,645![]() ![]() (15 ![]() ![]() |
Cập nhật 31-03-2023 10:41:34 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$1,981.30 | +18.06 | 0.92% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.960 | 24.430 |
RON 95-III | 23.030 | 23.490 |
E5 RON 92-II | 22.020 | 22.460 |
DO 0.05S | 19.300 | 19.680 |
DO 0,001S-V | 20.560 | 20.970 |
Dầu hỏa 2-K | 19.460 | 19.840 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $74.36 | +0.07 | 0.09% |
Brent | $78.40 | +0.12 | 0.15% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.270,00 | 23.640,00 |
EUR | 24.941,33 | 26.337,92 |
GBP | 28.339,40 | 29.547,82 |
JPY | 171,09 | 181,13 |
KRW | 15,65 | 19,06 |
Cập nhật lúc 10:35:49 31/03/2023 Xem bảng tỷ giá hối đoái |