💨 Abstract

Bank of America Corp. reported a first-quarter profit of $7.4 billion, exceeding Wall Street expectations with earnings of 90 cents per share. The revenue was $46.99 billion, with revenue net of interest expense at $27.37 billion. Bank of America shares have decreased by 17% since the beginning of the year, but have increased by 2.5% in the last 12 months.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖