BofA reports Q1 EPS of $0.86, topping estimates

Tiger Newspress2021-04-15

(April 15) Bank of America reports Q1 EPS of $0.86, up from $0.40 in the year-ago period and above theconsensusof $0.65.

The stock is up 1.15% premarket.

The numbers were reported by Bloomberg much earlier than anticipated and the press release has yet to be posted on BofA's site.

Equities trading revenue came in at $1.83B, above estimates of $1.64B.

FICC trading revenue is $3.25B, well ahead of the $2.73B consensus.

CEO Brian Moynihan says he sees an accelerating recovery and better credit costs, but that low rates continued to pose a challenge to revenue.

Recovery of credit losses for Q1 was $1.86B vs. an estimated provision $473.5M.

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精彩评论

  • AdrianGoh
    2021-04-15
    AdrianGoh
    Then how come the price drop so much today?
  • AdrianGoh
    2021-04-15
    AdrianGoh
    Then why is the price down so much today?
  • Mkoh
    2021-04-15
    Mkoh
    Buybacks resume! 
  • Ash7m
    2021-04-15
    Ash7m
    Great! 
  • CheeMang
    2021-04-15
    CheeMang
    Comment pls
  • wenhao24
    2021-04-15
    wenhao24
    [微笑] 
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