Bank of America (BAC) Q1 Earnings Beat Estimates with $30.43B Revenue

AI Summary

Bank of America (BAC) reported Q1 earnings per share of $1.11, surpassing the LSEG estimate of $1.01. Revenue for the quarter was $30.43 billion, exceeding estimates of $29.93 billion and reflecting a 7.2% increase. Net income rose 17% to $8.6 billion, marking the bank's highest EPS in nearly 20 years. Notably, equities trading revenue increased 30% to $2.83 billion, contributing significantly to the earnings beat, although fixed income revenue fell short by approximately $330 million.