Bank of America Corp
BAC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Dr | LOCK|J$L | LOCK|bn#&^D |
Bank of America Earnings: NIM Expansion, Fee Growth, and Operating Leverage Drive a Standout Quarter
Bank of America reported an excellent set of numbers in the third quarter with earnings of $1.06 per share, equating to a return on tangible equity of 15.4%, powered by net interest margin expansion, solid fee income growth, and positive operating leverage dynamics playing out.
