Bank of America Beats on EPS, Misses on Revenue in Q4

Bank of America Beats on EPS, Misses on Revenue in Q4

Bank of America said Friday that Q4 revenue was $20.0 billion, up 2% from last year’s $19.6 billion. This fell short of the $20.99 billion Capital IQ consensus. EPS for the quarter was $0.40, versus $0.27 last year. This beat the $0.38 Capital IQ estimate. “Strong client activity and good expense discipline created solid operating leverage again this quarter. While the recent rise in interest rates came too late to […]

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Howard Hughes Acquires Two Office Buildings

Howard Hughes Acquires Two Office Buildings

The Howard Hughes said early Wednesday it expanded its real-estate assets in Downtown Columbia, MD with the acquisition of two office buildings. Both purchases — the American City Building and One Mall North — were underwritten in view of their future development potential, according to a company statement. The purchase of ACB for $16.5 million unlocks the potential for redevelopment in the Lakefront District in Downtown Columbia for up to […]

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