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BRIEF-Bank of America posts qtrly ‍​earnings per share of $0.48‍​‍​
October 13, 2017 / 11:04 AM / in 7 days

BRIEF-Bank of America posts qtrly ‍​earnings per share of $0.48‍​‍​

Oct 13 (Reuters) - Bank of America Corp :

* Bank of America reports q3-17 net income of $5.6 billion

* Qtrly ‍​EPS up 17% TO $0.48‍​

* Qtrly revenue, net of interest expense, increased 1% to $21.8 billion from $21.6 billion

* Q3 earnings per share view $0.45, revenue view $21.98 billion -- Thomson Reuters I/B/E/S

* Qtrly provision for credit losses decreased 2% to $834 million from $850 million

* Qtrly net interest income (NII) increased $960 million, or 9%, to $11.2 billion

* Qtrly net charge-offs increased 1% to $900 million from $888 million

* Qtrly estimated CET1 ratio under basel 3 standardized approach on fully phased-in basis 12.2 percent versus 12 percent in q2

* Qtrly noninterest income decreased $756 million, or 7%, to $10.7 billion

* Qtrly noninterest expense declined $342 million, or 3%, to $13.1 billion ‍​

* Bank of America’s Moynihan says “revenue across our four lines of business grew 4 percent, even with a challenging comparable quarter for trading”

* Bank of America CFO says "client activity remained strong across the franchise" in quarter Source text : (bit.ly/2hDYUZK) Further company coverage:

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