Earnings in Brief (BAC)
Apr 17th, 2013: A quick snapshot of Bank of America Corp (BAC)'s top-line and bottom line results.
Q1 2013 Quarterly Results:
Total Revenue: Bank of America (BAC)'s Total Revenue (net of interest, FTE*) came in at $23.70B, up by 5.42% from the $22.48B reported by BAC last year. However, this represents a slight beat on analysts' average estimate of $23.41B.
(See Also: Why BAC is a good Buy in 2013 – Bank of America Stock Analysis)
Net Income: BAC's Net Income of $2.62B was a staggering 302% higher than the $653M reported by Bank of America in Q1 of 2012.
EPS/Diluted: Bank of America's EPS/Diluted came in at $0.20, which was lower than the $0.22 of the average estimate that analysts had predicted, but a 566% beat over the $0.03 reported by BAC in Q1 2012.
*Fully Taxable Equivalent
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MarketConsensus Earnings Briefing Team
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