Categories AlphaGraphs, Earnings, Finance

Infographic: Bank of America (BAC) Q1 2020 Earnings Results

Bank of America (NYSE: BAC) reported a 45% dip in earnings for the first quarter of 2020 due to the inclusion of higher provision expense for COVID-19 related reserve build. During the quarter, the company suspended its buyback program to provide additional support to the economy.

The increase in loan loss reserves and the impact of lower interest rates hurt income in Consumer Banking while higher provision expense impacted income in Global Wealth and Investment Management as well as in Global Banking. The higher sales and trading revenue drove income in the Global Markets higher.

Bank of America (BAC) Q1 2020 earnings review

Past Performance

Most Popular

Key metrics from Kroger’s (KR) Q3 2025 earnings results

The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical

Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights

Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or

HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results

Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top