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Monday, December 22, 2014, 1:05 a.m.
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Bank of America 4th-quarter earnings jump nearly fivefold

By The Associated Press

This article was published January 15, 2014 at 11:03 a.m.

NEW YORK — Bank of America Corp. said Wednesday that its fourth-quarter profit jumped from a year earlier, as the loans on the bank's balance sheet continued to improve.

The nation's second-largest bank earned $3.44 billion in the October to December period, up from $732 million a year earlier. On a per-share basis, the bank earned 29 cents, beating the 26 cents expected by financial analysts. Fourth-quarter revenue rose to $22.32 billion from $19.6 billion, exceeding analysts' forecasts of $21.2 billion.

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