Why Bank of America Stock Is Under Pressure Today [Yahoo! Finance]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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US:NYSE Investor Relations:
investor.bankofamerica.com
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Source: Yahoo! Finance
Shares are trading off slightly, down about 3% as of 12:30 p.m. ET. Credit cards felt a pinch Bank of America earned $0.83 per share in the first quarter on sales of $25.82 billion, surpassing the Wall Street consensus estimate for a $0.77 per share profit on sales of $25.46 billion. Revenue was down 2% year over year as higher investment banking and trading revenues were unable to offset lower net interest income. Revenue in the consumer banking segment was down 5%, and average deposits were down 7% but remain well above pre-pandemic levels. The bank added 245,000 new checking accounts in the quarter and saw strong gains in its global wealth management, banking, and markets divisions. "We reported a strong quarter as our businesses performed well, adding clients and deepening relationships," CEO Brian Moynihan said in a statement. "Continued strong earnings and strong expense management both position our company to continue to drive our market leading positions across our bus
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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