Bank of America reported net income of $2 billion, or $0,15 per share, in the fourth quarter compared to
a loss of $1,2 billion (0,16 per share) reported a year ago. Net revenues increased 11% to $25,1 billion. Over the whole of 2011 the net profits amounted to 1,4 billion, $0,01 per share, and compare to the red of $2,2 billion in 2010. Net revenues for the year fell 15% to $94,4 billion. The results were welcomed by the stock exchanges: Bank of America stock climbs 6% on pre-market.
Morgan Stanley instead it ended the fourth quarter with a lower-than-expected loss of $252 million (in the same period of 2010 he had earned 600 million). Consolidated net revenues instead amounted to 5,7 billion, down on the 7,74 billion of last year and the 5,99 billion of the analysts' consensus. Over all of 2011, net profit reached 2,12 billion, however down 37% from the previous year.
