Bank of America (NYSE: BAC) reported first-quarter 2021 financial results before the regular trading hours on Thursday. The banking giant reported Q1 revenue of $22.9 billion, flat year-over-year and above the Wall Street consensus. The company reported a net income of $0.86 per share, much better than what analysts had anticipated.
BAC shares rose 1.2% immediately following the announcement. The stock has gained 80% in the trailing 12 months.
Leading stock indexes retreated after gaining mid-week when Wall Street biggies like Apple and Amazon reported impressive quarterly numbers. The Dow Jones Industrial Average was down 190 early Friday, while
The airlines sector was severely impacted by the disruption caused by the COVID-19 pandemic in 2020. A year later, the industry is still limping its way to a recovery. In
The company that witnessed the strongest growth during the pandemic is probably Amazon.com, Inc. (NASDAQ: AMZN), which went into overdrive when the crisis triggered an online shopping boom. Taking a