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Net income increased to $4.8 billion, or $1.51 per share, up from $3.9 billion, or $1.23 per share, last year. Excluding special items, EPS was $1.52 – above analysts’ view of $1.39.
Revenue declined to $19.74 billion from $20.21 billion. Analysts expected to see revenue of $19.82 billion.
The bank has faced challenges since the financial crisis, but has begun to recover as it repairs relationships and legal issues. During the last stress test, the bank was finally given permission to boost its 1 cent quarterly dividend.
|VTSMX||Vanguard Total Stock Market||1.67%|
|VFINX||Vanguard 500 Index||1.12%|
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