Bank of America

Bank of America (BAC) Surpasses Q1 Earnings and Revenue Estimates

Zacks Equity Research
Thu, April 15, 2021, 1:30 PM·3 min read

Bank of America (BAC) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 32.31%. A quarter ago, it was expected that this nation's second-largest bank would post earnings of $0.56 per share when it actually produced earnings of $0.59, delivering a surprise of 5.36%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Bank of America, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $22.82 billion for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 4.18%. This compares to year-ago revenues of $22.77 billion.


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