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Bank of America: Q1 Earnings Snapshot
By AP News - Apr 15, 2025, 10:36 AM ET
Last Updated - Apr 15, 2025, 10:36 AM EDT
CHARLOTTE, N.C. (AP) — Bank of America Corp. (BAC) on Tuesday reported first-quarter profit of $7.4 billion.
The Charlotte, North Carolina-based company said it had earnings of 90 cents per share.
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The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share.
The nation's second-largest bank posted revenue net of interest expense of $27.37 billion, also topping Street forecasts. Six analysts surveyed by Zacks expected $26.86 billion.
Bank of America shares have fallen 17% since the beginning of the year, while the S&P's 500 index has declined 13%. The stock has increased 2.5% in the last 12 months.
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This story has been corrected to show that the S&P 500 has declined, not climbed, in the year to date.
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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAC at https://www.zacks.com/ap/BAC
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