(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.