Bank of America Beats Q4 Earnings Expectations Despite Revenue Dip
- Revenue declined 1.8% year-over-year to $25.82 billion, but beat expectations by $330 million
- EPS of $0.83 outpaced estimates by $0.07 cents
- Net income dropped from $8.2 billion to $6.7 billion compared to a year ago
- Revenue rose in Global Banking, Global Wealth & Investment Management, and Global Markets units
- Analyst price target is $39.29 per share, but views could change after earnings report
