US Stock Reports, Quotes and News
Bank of America Corp. (NYSE:BAC) delivered a robust financial performance in the first quarter, with net income reaching $6.7 billion and earnings per share (EPS) at $0.76, despite a $0.07 reduction due to an FDIC special assessment expense.
Bank of America\’s first-quarter profits decreased due to higher expenses related to rising interest rates, surpassing expectations. The bank made a $700 million payment to the FDIC to support the deposit insurance fund, impacting its earnings.
Investing.com – Bank of America (NYSE: BAC) reported first quarter EPS of $0.76, in line with the analyst estimate of $0.76. Revenue for the quarter came in at $25.8B versus the consensus estimate of $25.49B.
Investing.com – Bank of America (NYSE: BAC) reported first quarter EPS of $0.83, $0.07 better than the analyst estimate of $0.76. Revenue for the quarter came in at $25.8B versus the consensus estimate of $25.49B.
Shares of Bank of America (BAC) reported earnings and revenue results for the fiscal Q1 2024 earnings that exceeded Wall Street estimates.
Investing.com — U.S. futures traded in a mixed fashion Tuesday, as investors digested a cocktail of elevated Middle East tensions, rising bond yields and quarterly corporate earnings.
TCS leaders discuss integrating with top academic institutions, AI evolution, margin improvement, productivity focus, back to office transition, campus hiring, diversified portfolio growth, and expectations for FY25. Samir Seksaria says: \”The pricing is stable, so it is a more disciplined execution and focus on operational rigour which has delivered this margin.\”