Market Updates
Bank of America Net Falls 12%
Scott Peters
18 Apr, 2022
New York City
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Bank of America said first quarter revenues increased 1.7% to 23.2 billion and net income declined 12.3% to $7.1 billion. Earnings per share fell to 80 cents a share from 86 cents. The bank also repurchased $4 billion of its shares. Earnings were ahead of expectations on rising consumer loans and market trading revenues. Consumer balances rose 14% to $1 trillion and net loan loss charge declined 52% to $392 million.
Annual Returns
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Earnings
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