KBWB - Bank of America's Q1 Consumer Banking Income Takes A Hit Adds 1M Credit Card Accounts | Benzinga
Bank of America Corp (NYSE:BAC) reported a first-quarter fiscal 2024 adjusted net income of $7.2 billion and adjusted EPS of $0.83, beating the consensus of $0.77.
Revenue, net of interest expense, decreased 2% year over year to $25.8 billion. Adjusted revenue declined 1.6% year over year to $25.98 billion, beating the consensus of $25.46 billion.
Segment Net income: Consumer Banking $2.66 billion (-14.5% Y/Y), Global Wealth and Investment Management $1.01 billion (+9.6% Y/Y), ...