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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Comments

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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resume!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347611407","repostId":1180793413,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347603745,"gmtCreate":1618490439787,"gmtModify":1704711620087,"author":{"id":"3570871195511512","authorId":"3570871195511512","name":"Ash7m","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Great!&nbsp;","listText":"Great!&nbsp;","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/347603745","repostId":1180793413,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":347868066,"gmtCreate":1618485631055,"gmtModify":1704711552977,"author":{"id":"3573033813970769","authorId":"3573033813970769","name":"CheeMang","avatar":"https://static.tigerbbs.com/97f355a1d36ee0fb7321de6482b9764f","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Comment 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