Bank of America's stock increases after turning on revenue while peers could not

Shares of Bank of America Corp.

BAC, + 0.68%

shot up 4.6% against a six-week high in prime trading Wednesday, after the company turned earnings expectations and also hit a number of big banks lacking expectations of revenue. BofA reported revenue in the fourth quarter, which increased to $ 22.74 billion from $ 20.44 billion, over the FactSet consensus of $ 22.35 billion. Earlier this week, Citigroup Inc.

C, + 4.1[ads1]6%

J.P. Morgan Chase & Co.

JPM, + 0.73%

and Wells Fargo & amp;

WFC, -1.55%

all lost expectations revenue, with J.P. Morgan goes so far as to crack a line of 12 straight strokes. For BofA, net interest income increased to $ 12.30 billion from $ 11.46 billion and peaked at $ 12.20 billion, while non-revenue revenue rose to $ 10.43 billion from $ 8.97 billion to hit expectations $ 10.12 billion. For revenue, growth in consumer banking, global prosperity and investment management and global banking, a decline in global markets offsets. The shares have lost 6.9% over the last three months to Tuesday, while SPDR Financial Select Sector ETF

XLF, + 0.89%

has cut 7.0% and Dow Jones Industrial Average

DJIA, + 0.65%

has dropped 6.7%.

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