
Bank Of America Delivers Decent Quarter, Wonders If It’s Good Enough For You
Coming off a rough day for Goldman and Citi whose reports did not impress the market and with JPMorgan now increasingly looking like the outlier when it comes to bank earnings, Bank of America is up.
The headline numbers look somewhat decent, but after Monday, you've got to wonder if it will be enough. 1Q revenue net of interest expense was $23 billion - that's just a shade below estimates ($23.16 billion). The range was $22.59 billion to $23.71 billion. 1Q EPS was $0.70, up 13% and well ahead