Bank of America shares edge lower as first-quarter revenue falls short

United States News News

Bank of America shares edge lower as first-quarter revenue falls short
United States Latest News,United States Headlines
  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 6 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Bank of America Corp. said Tuesday it had net income of $7.3 billion, or 70 cents a share, in the first quarter, up from $6.9 billion, or 62 cents a share,...

Bank of America Corp. BAC, -1.09% said Tuesday it had net income of $7.3 billion, or 70 cents a share, in the first quarter, up from $6.9 billion, or 62 cents a share, in the year-earlier period. Revenue edged down to $23.0 billion from $23.1 billion. The FactSet consensus was for EPS of 66 cents and revenue of $23.2 billion. Net interest income rose 10% to $$629 million, driven by higher interest rates and growth in deposits and loans.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America to raise minimum wage to $20 per hour by 2021Bank of America to raise minimum wage to $20 per hour by 2021Bank of America Corp said on Tuesday it would raise its minimum wage to $20 per ...
Read more »

Bank of America posts another record quarterly profit on strength of Main Street lendingBank of America posts another record quarterly profit on strength of Main Street lendingCEO Brian Moynihan has focused on methodically trimming costs while looking for profit opportunities that fit his 'responsible growth' mantra
Read more »

Bank of America's branch network will cover over 90% of the US by 2021Bank of America's branch network will cover over 90% of the US by 2021BI PRIME: Bank of America (BofA) announced plans to expand and modernize its existing branch network through 2021.
Read more »

Bank of America is hiking its minimum wage to $20 an hourBank of America is hiking its minimum wage. Employees at the bank will make an hourly wage of at least $17 starting May 1, and $20 within two years.
Read more »

Bank of America to raise minimum hourly wage to $20 by 2021Bank of America to raise minimum hourly wage to $20 by 2021Bank of America Corp. said Tuesday it is raising its minimum wage to $20 an hour over a two-year period. The first move will come May 1, when the minimum...
Read more »

Bank of America is raising its minimum wage for employees to $20 an hourBank of America is raising its minimum wage for employees to $20 an hour'If you get a job at Bank of America, you'll make $41,000,' Chairman and CEO Brian Moynihan says.
Read more »

Bank of America to raise minimum wage to $20 per hour by 2021Bank of America to raise minimum wage to $20 per hour by 2021On May 1, the minimum hourly wage will rise by $2 to $17, the bank said https://reut.rs/2Il5148. Bank of America joins other Wall Street banks that have raised hourly wages following U.S. President Donald Trump's move to cut corporate tax rates in 2017. JPMorgan Chase & Co has been raising hourly
Read more »

Bank of America will hike its minimum wage to $20Bank of America will hike its minimum wage to $20Bank of America is raising its minimum pay to $20 an hour for its more than 205,000 employees.
Read more »



Render Time: 2025-02-24 06:04:23