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BoA Results: Small Beat, Lower Credit Costs

FINANCIALS

Bank of America headlines – revenues broadly in line, earnings beat on lower credit costs.


  • Bank of America Q1 2024 Adj EPS $0.83 Beats $0.77 Estimate, Sales $25.818B Beat $25.464B Estimate
  • BAC 1Q NET INTEREST INCOME FTE $14.19B, EST. $13.95B
  • BAC 1Q REV. NET OF INTEREST EXPENSE $25.82B, EST. $25.43B
  • BAC 1Q BASEL 3 ADV. APPROACH CET1 RATIO 13.4%, EST. 13.5%
  • BANK OF AMERICA 1Q TRADING REVENUE EX. DVA $5.18B, EST. $5.02B
  • BANK OF AMERICA 1Q FICC TRADING REV. EX-DVA $3.31B, EST. $3.3B
  • BAC 1Q EQUITIES TRADING REV. EX-DVA $1.87B, EST. $1.71B
  • BAC 1Q PROVISION FOR CREDIT LOSSES $1.32B, EST. $1.4B

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