Bank of America Reports Strong Q1 Earnings Beat
Bank of America announced better-than-expected first-quarter earnings, driven by record equity trading revenue and an increase in net interest income. The bank's profit significantly rose, surpassing analyst forecasts.
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Bank of America’s 30% jump in equities revenue helps power an earnings beat
Bank of America’s good quarter was helped by volatility and an easier regulatory environment.
By Tomi Kilgore
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Read full article →Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss
Bank of America Jumps On Record Equity Trading Revenue, Net Interest Income Forecast Increase, Offset By FICC Miss Following stellar equity trading results from Goldman and JPMorgan, this morning Bank of America reported that its traders also pulled in the business’s highest quarterly revenue in more than a decade, riding a wave of volatility that pushed the firm’s stock-trading desk to an all-time record. Bank of America said Q1 profit rose 17% from a year earlier, while net in...
By Tyler Durden
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