Categories AlphaGraphs, Earnings, Finance
Infographic: Key highlights from Bank of America’s (BAC) Q1 2023 earnings results
Bank of America Corporation (NYSE: BAC) reported first quarter 2023 earnings results today.
Revenue, net of interest expense, increased 13% year-over-year to $26.3 billion.
Net income rose 15% to $8.2 billion, or $0.94 per share, compared to last year.
Revenue and earnings both surpassed projections.
Average loan and lease balances were up 7% to $1 trillion, led by commercial loan growth and higher credit card balances.
Prior performance
Most Popular
Broadcom (AVGO) reports higher Q3 revenue and profit; results beat estimates
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) reported higher revenues and adjusted earnings for the third quarter of 2024 amid continued strong demand. The Q3 numbers also topped expectations. Earnings, excluding
Key takeaways from Hewlett Packard’s (HPE) Q3 2024 earnings report
Hewlett Packard Enterprise (NYSE: HPE) has delivered stronger-than-expected third-quarter results amid significant conversion in AI system revenues. The prospects for the company's AI server and edge computing businesses look promising
Hormel Foods (HRL): Factors that put a damper on the food company’s Q3 performance
Shares of Hormel Foods Corporation (NYSE: HRL) were up over 2% on Thursday. The stock is recovering from a fall it took a day ago after the company delivered mixed
