Bank of America’s first-quarter results showcased a remarkable 11% increase in profit, reaching $7.4 billion or 90 cents per share. The bank’s revenue also climbed by 5.9%, totaling $27.51 billion. This impressive performance was driven by a net interest income of $14.6 billion, surpassing the anticipated $14.56 billion. The rise in net interest income was attributed to lower deposit costs and more lucrative investments. Additionally, the bank reported a 17% increase in equities trading revenue to $2.2 billion, slightly above the $2.12 billion forecast, and a 5% rise in fixed income revenue to $3.5 billion, which was just over the $3.46 billion estimate. However, investment banking fees dropped by 3% to $1.5 billion, falling short of the $1.6 billion expectation. The provision for loan losses was set at $1.5 billion, better than the projected $1.58 billion. These statistics highlight Bank of America’s robust financial health and strategic positioning in the current economic landscape.
James East
@ACIPartnerhship
·
2h $BAC Bank of America — Q1 Quick Take:• Consumer deposits $948B, cost only 61bp
• +250k new checking accounts – wow!
• Noninterest expenses at $17.2B runrate**
• Bought back 50m shares, ≈$4.5B
• Cards after Christmas holding at $100B
• 11.1m clients enrolled
CryptoBullet
@CryptoBullet1
·
1h $SD 1W updateBouncing off the channel’s support once again (imo it’s the last test)Targets remain.Cabbage is live (you can sign for waitlist) and discover the latest meta before anyone
Stader buybacks 127k+ $SD off market and now have bought around 500k SD. New usecases
Achilles
@Achilles_Invest
·
Apr 14 $CSLR Complete Solar update:
-Q1 operating income and cash flow positive.
-Q1 revenue > 80M.
-Poised for growth in 2025.
-Name and ticker will change to Sunpower $SPWR in the foreseeable future.
TJ Rodgers and team are delivering, asymmetric bet imo $ENVX $ENPH $RUN $NOVA $FSLR
Intel Reactor
@intelreactor
·
23h BREAKING:
#Stellar unveils its ambitious 2025 roadmap for enterprise growth!•Roadmap Highlights: #Stellar aims for 5,000 transactions per second (TPS) and 2.5-second block times, leveraging concurrency, aggressive caching, and ahead-of-time compilation of #Soroban
Jon
@JonU235
·
Apr 11 $SRPT Comparing 11APR25 to 27FEB25: Q1 estimate now (0.08) and $677M, down from 2.42 and $693M – a “catastrophic” 2.4% revenue reduction wipes out all Q1 profit???? Some of that is $ARWR payment maybe but that’s ANCIENT NOVEMBER news. C’mon dudes.. #timestamp #SRPTEPStrend
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