Dividend yield for Bank of America investing currently stands near 3.3%, offering a defensive appeal in volatile markets, with payout ratio still sustainable under base-case earnings projections. Want the full story behind Bank of America? Read the original narrative here and discover why investors are following along for: Bank of America ( NYSE:BAC - Get Free Report ) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.03. Bank of America had a net margin of 14.81% and a return on equity of 10.25%. The company had revenue of ($22,273.00) million for the quarter, compared to the consensus estimate of $26.79 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts expect that Bank of America Corporation will post 3.7 earnings per share for the current fiscal year. Bank of America investing continues aggressive share repurchases under its $25 billion program, reducing float and enhancing per-share earnings metrics ahead of fiscal year-end.
