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Bank of America & # 39; s stock rises after beating revenues while peers could not



Shares of Bank of America Corp.

BAC, + 0.68%

shot 4.6% against a 6-week high in premarket trading on Wednesday after the company hit earnings expectations and also hit a number of large banks lacking earnings expectations. BofA reported revenue in the fourth quarter, rising to $ 22.74 billion from $ 20.44 billion, over the FactSet consensus of $ 22.35 billion. Earlier this week, Citigroup Inc.

C, + 4.1

6%

J.P. Morgan Chase & Co.

JPM, + 0.73%

and Wells Fargo & amp;

WFC, -1.55%

all expected revenue is expected with J.P. Morgan goes so far as to break a strip of 12-strokes. For BofA, net interest income increased to DKK 12.30 billion. USD from $ 11.46 billion USD, which filled up the FactSet consensus of $ 12.20 billion Dollars, while uninterested income grew to $ 10.43 billion. USD from $ 8.97 billion For revenue, growth in the consumer bank, global prosperity and investment management and global bank correspond to a decline in global markets. The share has lost 6.9% over the last three months to Tuesday, while SPDR Financial Select Sector ETF

XLF, + 0.89%

has driven 7.0% and Dow Jones Industrial Average

DJIA, + 0.65%

decreased 6.7%.

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