Bank of America's Q1 Earnings Exceed Expectations
TL;DR Summary
Bank of America's earnings surged 17.5% to 94 cents per share, beating expectations, while Goldman Sachs' earnings slumped 18% to $8.79 per share, missing estimates for the fifth quarter in a row. Bank of New York Mellon's earnings spiked 30% to $1.12 per share, in line with expectations, and Morgan Stanley and U.S. Bancorp are set to announce earnings on Wednesday. Analysts expect drops in investment banking revenue to weigh on results for the banks.
- Bank Of America Earnings Leap 18%; Goldman Sachs To Report; Morgan Stanley On Deck Investor's Business Daily
- Bank of America beats estimates on revenues and profits in Q1 earnings CNBC Television
- Bank of America posts first-quarter results that top expectations on higher rates CNBC
- Bank of America's Earnings Top Expectations. Profit Climbs 15%. Barron's
- Bank of America Sailed Through the Banking Crisis The Wall Street Journal
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