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Bank of America is gaining ground after earnings
5 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 ...Bank of America is gaining ground after earnings
5 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
5 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.
Read more ...Bank of America 1Q profits rise to record $6.9 billion
5 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...
Read more ...Bank of America earnings: 62 per share, vs 59 cents expected
5 monthes ago - By CNBC
Bank of America is scheduled to release its first-quarter results Monday before the bell.
Read more ...BofA's profit rises on higher interest rates, loan growth
5 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
5 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
5 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 ...
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