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.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
Longtime employee sues Ozarks Tech, alleges retaliation
Cavender’s opens hat shop in southeast Springfield
Eric Schmitt introduces Modern Skies Act
Caterpillar to acquire John Fabick Tractor Co.
Springfield airport to cut the ribbon on $35M in construction projects
Legacy Bank accused in lawsuit of failing to protect customers in data breach