Bank of America Earnings, Beating Q1 Sales
Investment.com – Bank of America (NYSE 🙂 reported its first quarter on Thursday, beating analysts’ forecasts and top revenue expectations.
Bank of America posted earnings per share of $ 0.86 on $ 22.82 billion in revenue. Analysts polled by Investing.com, predict EPS of $ 0.6551 on revenue of $ 21.85 billion.
Shares in Bank of America are up 31% YTD, still down 1.21% from its 52-week high of $ 40.37 set on April 12. They are outperforming the S&P 500. capital increased by 9.81% compared to the beginning of the year.
Bank of America tracks other major financial gains this month
Bank of America report follows JPMorgan’s earnings assessment on Wednesday, who reported EPS of $ 4.5 on $ 33.12 billion in revenue, compared with an EPS forecast of $ 3.06. on sales of 30.46 billion dollars.
UnitedHealth beat expectations on Thursday with first quarter EPS of $ 5.31 on $ 70.20 billion in revenue, vs. forecasts for $ 4.38 in EPS on $ 69.03 billion in sales. la.
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