Bank of America Corp. stock rose about 3% in premarket trades after it posted stronger-than-expected first-quarter profit. Bank of America reported a 15%...
Bank of America Corp. BAC stock rose about 3% in premarket trades after it posted stronger-than-expected first-quarter profit. Bank of America reported a 15% increase in net income to $8.2 billion, or 94 cents a share, from $7.1 billion, or 80 cents a share, in the year-ago quarter. The company beat the analyst forecast of 81 cents a share, according to estimates compiled by FactSet. Bank of America said its revenue increased 13% to $26.3 billion, ahead of the analyst estimate of $25.16 billion.
BAC stock rose about 3% in premarket trades after it posted stronger-than-expected first-quarter profit. Bank of America reported a 15% increase in net income to $8.2 billion, or 94 cents a share, from $7.1 billion, or 80 cents a share, in the year-ago quarter. The company beat the analyst forecast of 81 cents a share, according to estimates compiled by FactSet. Bank of America said its revenue increased 13% to $26.3 billion, ahead of the analyst estimate of $25.16 billion.
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