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𝘽𝙖𝙣𝙠 𝙤𝙛 𝘼𝙢𝙚𝙧𝙞𝙘𝙖 𝙌𝟰 𝟮𝟬𝟮𝟬 𝙖𝙣𝙙 𝙛𝙪𝙡𝙡 𝟮𝟬𝟮𝟬 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙧𝙚𝙡𝙚𝙖𝙨𝙚: 📌On January 19th, $BAC has released its fourth-quarter results. These are the 𝙠𝙚𝙮 𝙛𝙞𝙜𝙪��𝙚𝙨: -For FY 2020, total revenue decreased by 6%, compared with FY 2019. -Net income decreased by 25% in FY 2020. -Diluted EPS are down by 32% in FY 2020. -ROE of FY 2020 stays at 6,8%. 🔎 Given the challenging year for banks regarding the pandemic impact, we could say that these aren’t bad results. Even when the pandemic hit hard, $BAC has achieved a ROE of 6%. With better times expected ahead, this ROE could easily double. Let’s see some 𝙠𝙚𝙮 𝙘𝙤𝙢𝙢𝙚𝙣𝙩𝙨 𝙤𝙛 𝙩𝙝𝙚 𝙚𝙖𝙧𝙣𝙞𝙣𝙜𝙨 𝙘𝙖𝙡𝙡 𝙘𝙤𝙣𝙛𝙚𝙧𝙚𝙣𝙘𝙚: -Provision was higher due to reserves built, but as the macro-economic outlook improved, $BAC has released some reserves in the fourth quarter. -They have $36 billion in excess of capital above the common CET1 minimum requirements (240 basis points), which will be use