Bank of America is set to report first-quarter earnings — here’s what Wall Street exp

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Bank of America is set to report first-quarter earnings — here’s what Wall Street expects

Will Bank of America follow rivals in posting better-than-expected Wall Street revenue?

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Re: Bank of America is set to report first-quarter earnings — here’s what Wall Street

Bank of America tops estimates on better-than-expected interest income, investment banking

Bank of America on Tuesday reported first-quarter earnings that topped analysts’ estimates for profit and revenue on better-than-expected interest income and investment banking.

The bank said profit fell 18% to $6.67 billion, or 76 cents a share; excluding a $700 million FDIC assessment, profit was 83 cents a share.

Revenue slipped 1.6% to $25.98 billion as net interest income declined from a year earlier.

Bank of America (BAC) earnings Q1 2024