Bank of America (BAC) Q1 Earnings Beat as Profit Jumps 17% on Record Equities Trading
Bank of America reported a 17% rise in first-quarter profit to $8.6 billion, or $1.11 per share, beating analyst estimates. Revenue rose 7% to $30.3 billion, with record equities trading and higher investment-banking fees driving gains. Net interest income climbed 9% to $15.7 billion. Consumer credit and debit card spending increased 7% to $245 billion.