RTTNews | Jan 19, 2022 06:50AM EST

06:50 Wednesday, January 19, 2022 (RTTNews.com) - Bank of America Corporation (BAC) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $6.77 billion, or $0.82 per share. This compares with $5.21 billion, or $0.59 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.8% to $22.06 billion from $20.10 billion last year.

Bank of America Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $6.77 Bln. vs. $5.21 Bln. last year.-EPS (Q4): $0.82 vs. $0.59 last year.-Analyst Estimate: $0.76-Revenue (Q4): $22.06 Bln vs. $20.10 Bln last year.

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