$BAC Earnings - Charge Offs
I’m reviewing the $BAC Q4 earnings report and came across their graphic for charge offs. $689MM in charge offs for the quarter with a 0.26% net charge off ratio up from 0.15% last year.

My initial reaction to this was uhoh 😟 and the. I scrolled down and saw the next graphic. Remember to zoom out folks 😂

Overall, not a bad earnings report. NII up 29% YoY. Total revenues are good, need to keep an eye on the efficiency ratio, consumer credit worthiness looks to remain strong, consumer spending still strong. I’m long and will pick up a share or two today.
Josh Kohn-Lindquist's avatar
Wow, those are incredible to see side by side.

Always zoom out! 😂



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