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Bank of America Q4 2015 Earnings: Focus on Hiring Sales Specialists, Branches Slashed, Mobile Banking Continues to Rise

Bank of America Corp. (NYSE: BAC) reported its Q4 2015 and full-year 2015 results before markets opened on Tuesday, January 19, 2016. The bank’s fourth-quarter profit rose 9%, primarily driven by its growth in consumer bank and trading revenue. The earnings call presented diluted earnings per share (EPS) for the quarter of $0.28 on revenue of $19.8 billion. In the same period a year ago, it reported EPS of $0.25 on revenue of $18.96 billion. Analysts expected the big bank to post earnings per share of 33 cents on revenue of $20.77 billion, according to a Thomson Reuters consensus estimate. For the full year, the bank reported EPS of $1.31 on revenues of $82.51 billion, compared with EPS of $0.36 on revenues of $85.12 billion in 2014. Consensus estimates called for EPS of $1.35 on revenues of $84.02 billion.

"Our results this quarter reflect our ongoing ...

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