Bank Of America Corp Earnings Results Beat Estimates

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Bank Of America Corp Earnings Results Beat Estimates
By Bank of America (Own work by the original uploader) [Public domain], via Wikimedia Commons

Bank of America Corp (NYSE:BAC) released its Q1 2018 earnings results before opening bell this morning. Bank of America earnings came in at 62 cents per share on $23.1 billion in revenue, while the Street had been expecting earnings of 59 cent per share on $23.04 billion in revenue. In the year-ago quarter, Bank of America earnings amounted to 45 cents per share on $22.2 billion in revenue.

Bank of America earnings for Q1 2018

The firm reported net interest income of $11.6 billion, compared to $11.06 billion in last year’s first quarter and the consensus of $11.7 billion. Non-interest income grew 3% year over year to $11.5 billion, driven by equities and asset management fees.

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