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Pjnv US Senate confirms Janet Yellen as the first female Treasury Secretary
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Friday 13 January 2023 2:49 pm| hydro flask (https://www.hydro-flasks.us) Updated:Friday 13 January 2023 2:51 pmBank of America reports one of lsquo;best years everrsquo; while income at Wells Fargo and Citi fallsBy: Chris DorrellShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleIn the fourth quarter Bank of Americarsquo net income increased slightly to $7.1bn from $7.0bn in the same period last yearBank of America, Wells Fargo and Citigroup all beat consensus estimates in their quarterly earnings reports, despite substantial falls in income at the latter two.Bank of America had an excellent quarter, making 2022 one of the best years ever for the bank.In the fourth quarter Bank of Americarsquo net income increased slightly to $7.1bn fr adidas originals samba (https://www.adidasoriginal.de) om $7.0bn in the same period last year., beating Bloomberg consensus estimates of $6.6bn.Bank of Americarsquo Consumer Banking division saw record income of $3.6bn as higher interest rates boosted the bankrsquo net interest income and offset higher loss provisions.This translated into an earnings per share of $0.85, higher than consensus estimates of $0.79. Loss provisions rose to $1.1bn from a release of $0.5bn last yearChair CEO Brian Moynihan said: We ended the year on a strong note growing earnings year over year in the 4th quarter in an increasingly slowing economic e hydro flask water bottle (https://www.hydro-flasks.us) nvironment. The themes in the quarter have been consistent all y