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  • Bank of America is gaining ground after earnings

    7 monthes ago - By Business Insider

    Bank of America is climbing after an earnings topped expectations.
    The US's third-largest bank by assets said it paid an effective tax rate of 9%.
    Deposits rose 3%, hitting a record $1.3 trillion in the bank's consumer banking division.
    Follow Bank of America's stock price in real-time here.
    Shares of Bank of America were up roughly 1% in early trading Monday after the firm reported earnings that beat analysts expectations , continuing a trend of stellar financial earnings in the first quarter.
    The Charlotte-based bank said it earned an adjusted $0.62 per share on revenue of $23.2 billion...
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  • Bank of America is gaining ground after earnings

    Bank of America is gaining ground after earnings

    7 monthes ago - By Business Insider

    Bank of America is climbing after an earnings topped expectations.
    The US's third-largest bank by assets said it paid an effective tax rate of 9%.
    Deposits rose 3%, hitting a record $1.3 trillion in the bank's consumer banking division.
    Follow Bank of America's stock price in real-time here.
    Shares of Bank of America were up roughly 1% in early trading Monday after the firm reported earnings that beat analysts expectations , continuing a trend of stellar financial earnings in the first quarter.
    The Charlotte-based bank said it earned an adjusted $0.62 per share on revenue of $23.2 billion...
    Read more ...

     

  • BofA profit beats estimates on higher interest rates, loan growth

    BofA profit beats estimates on higher interest rates, loan growth

    7 monthes ago - By Reuters

    Bank of America reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the bank benefited from higher interest rates and growth in loans and deposits.
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  • Bank of America 1Q profits rise to record $6.9 billion

    7 monthes ago - By Chron

    NEW YORK - Bank of America is reporting that its first-quarter profits jumped by 30 percent from a year earlier as the company benefited from the new tax law as well as higher interest rates.
    The consumer banking giant earned $6.92 billion, or 62 cents per share, up from $5.34 billion, or 45 cents a share, from the same period a year ago. Analysts had been expecting a per-share profit of 59 cents, according to FactSet.
    Like its competitors JPMorgan Chase and Citigroup, Bank of America reported a sharp drop in its tax bill Monday, which helped boost profits. While the Charlotte, North...
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  • Bank of America earnings: 62 per share, vs 59 cents expected

    7 monthes ago - By CNBC

    Bank of America is scheduled to release its first-quarter results Monday before the bell.
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  • BofA's profit rises on higher interest rates, loan growth

    7 monthes ago - By Reuters

    Bank of America reported a 34 percent rise in first-quarter profit on Monday as it benefited from higher interest rates and loan growth.
    Read more ...

     

  • Here comes Bank of America

    Here comes Bank of America

    7 monthes ago - By Business Insider

    Bank of America Merrill Lynch is set to announce first-quarter earnings results Monday morning.
    Analysts are expecting the bank to report adjusted earnings per share of $0.59, a nearly 42% increase from last year.
    Here's what else to look out for:
    Revenue: $23 billion, up 1.9% from last year.
    Adjusted net income: $6.2 billion, up 39.6% from last year.
    Volatility's impact on markets revenues: After a moribund 2017 in which low volatility sapped trading desks across Wall Street, the markets saw a jolt of energy in the first quarter, whipsawing back and forth on account of, among other...
    Read more ...

     

  • Here comes Bank of America

    Here comes Bank of America

    7 monthes ago - By Business Insider

    Bank of America Merrill Lynch is set to announce first-quarter earnings results Monday morning.
    Analysts are expecting the bank to report adjusted earnings per share of $0.59, a nearly 42% increase from last year.
    Here's what else to look out for:
    Revenue: $23 billion, up 1.9% from last year.
    Adjusted net income: $6.2 billion, up 39.6% from last year.
    Volatility's impact on markets revenues: After a moribund 2017 in which low volatility sapped trading desks across Wall Street, the markets saw a jolt of energy in the first quarter, whipsawing back and forth on account of, among other...
    Read more ...