YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
According to its earnings report released Oct. 19, Bank of America’s net income was $5.42 billion in the third quarter, up from $3.84 billion in the same period last year. Per-share earnings were $1.18, up 24 percent from 95 cents a year ago.
Return on average common shareholders’ equity for the quarter was 16.64 percent.
During the quarter, average managed-card service loans grew 7 percent to a record $193.32 billion, while average held-card service loans increased $38.53 billion to $95.95 billion. Home equity production increased 16 percent, and average loans to small businesses grew 73 percent to nearly $13 billion.
Year-to-date earnings are $15.88 billion, or $3.44 per share, compared to $12.89 billion a year ago.
Shares of Bank of America (NYSE: BAC) closed Thursday at $54.18, near a 52-week high of $54.87.[[In-content Ad]]
Taking shape on 3.5 acres just east of State Highway H/Glenstone Avenue in the area of Valley Water Mill Park are the Fulbright Heights Apartments – three 23,000-square-foot buildings with 24 units each for a total of 72 one- and two-bedroom apartments.