Shares of Bank of America Corp. (BAC) briefly gained 5%, after the company reported better than-expected fourth-quarter earnings driven by solid loan growth and strong merger and acquisition (M&A) activities.   BofA Q4 earnings exceeded expectations, while revenue came in marginally lower than the estimates. Shares of the global financial institution closed almost flat at $46.44 on January 19. Solid Q4 Earnings BofA reported quarterly earnings of $0.82 per share, a 39% year-over-year gain and 6 cents better than analyst estimates of $0.76 per share. According to the bank, its revenue grew faster than its expenses resulting in positive operating leverage and earnings power.
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