BofA Beats Estimates for Trading and Profit Even as Costs Soar [BNN Bloomberg (Canada)]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
Check Earnings Report
US:NYSE Investor Relations:
investor.bankofamerica.com
Company Research
Source: BNN Bloomberg
Revenue from equities trading jumped 15% to $1.87 billion in the first quarter, the company said, as clients grappled with a period of continued high interest rates and geopolitical tensions. That helped Bank of America top analysts' net-income estimates, with the bank making $6.67 billion in the quarter. “Bank of America's sales and trading businesses continued their strong 2023 momentum this quarter, reporting the best first quarter in over a decade,” Chief Executive Officer Brian Moynihan said in a statement Tuesday. Bank of America's non-interest expenses soared 6.2% from a year earlier to $17.2 billion. Charges and costs have been another focal point for investors, with persistent inflation putting pressure on spending. Analysts had expected a 2.6% increase to $16.7 billion. The second-largest US bank also said that net interest income, a key source of revenue for the bank, fell 2.9% to $14 billion in the first quarter of this year. Analysts had expected a 4% drop for NII,
Show less
Read more
Impact Snapshot
Event Time:
BAC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAC alerts
High impacting Bank of America Corporation news events
Weekly update
A roundup of the hottest topics
BAC
News
- MERRILL LYNCH B.V. FILES ANNUAL FINANCIAL REPORTPR Newswire
- Boeing taps debt market to raise $10 billion: Reuters [CNBC]CNBC
- Japan's currency falls to its weakest since 1990 against the dollar as the yen keeps yelping [Yahoo! Finance]Yahoo! Finance
- Boeing taps debt market to raise $10 billion: sources [Reuters]Reuters
- Federal Reserve Meeting Preview: High Interest Rates 'Need More Time To Work,' Bank of America Says [Yahoo! Finance]Yahoo! Finance
BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 4/29/24 - Form 424B2
- 4/29/24 - Form FWP
- 4/29/24 - Form 424B2
- BAC's page on the SEC website