Bank of America Earnings, Revenue Beat in Q1
2022.04.18 14:02
Bank of America Earnings, Revenue Beat in Q1
Investing.com – Bank of America (NYSE:BAC) reported on Monday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Bank of America announced earnings per share of $0.8 on revenue of $23.23B. Analysts polled by Investing.com anticipated EPS of $0.7492 on revenue of $23.18B.
Bank of America shares are down 15% from the beginning of the year, still down 25.02% from its 52 week high of $50.11 set on February 10. They are under-performing the S&P 500 which is down 7.84% from the start of the year.
Bank of America follows other major Financial sector earnings this month
Bank of America’s report follows an earnings missed by JPMorgan on Wednesday, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.69 on revenue of $30,856M.
Industrial Commercial Bank of China had beat expectations on March 30 with first quarter EPS of $0.7567 on revenue of $34.21B, compared to forecast for EPS of $0.5946 on revenue of $32.96B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
