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Bank of America shares edge lower as first-quarter revenue falls short
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Bank of America Corp. BAC, -2.28% said Tuesday it had net income of $7.3 billion, or 70 cents a share, in the first quarter, up from $6.9 billion, or 62 cents a share, in the year-earlier period. Revenue edged down to $23.0 billion from $23.1 billion. The FactSet consensus was for EPS of 66 cents and revenue of $23.2 billion. Net interest income rose 10% to $$629 million, driven by higher interest rates and growth in deposits and loans.
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https://www.marketwatch.com/story/bank-o...yptr=yahoo
![[Bild: BACc1dl1018.png]](https://finviz.com/publish/041619/BACc1dl1018.png)
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Bank of America Corp. BAC, -2.28% said Tuesday it had net income of $7.3 billion, or 70 cents a share, in the first quarter, up from $6.9 billion, or 62 cents a share, in the year-earlier period. Revenue edged down to $23.0 billion from $23.1 billion. The FactSet consensus was for EPS of 66 cents and revenue of $23.2 billion. Net interest income rose 10% to $$629 million, driven by higher interest rates and growth in deposits and loans.
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https://www.marketwatch.com/story/bank-o...yptr=yahoo
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