Bank of America (NYSE:BAC) reported its Q1 earnings results on Monday, April 18, 2022 at 06:45 AM.
Here’s what investors need to know about the announcement.
Earnings
Bank of America beat estimated earnings by 8.11%, reporting an EPS of $0.8 versus an estimate of $0.74.
Revenue was down $22.91 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06 which was followed by a 1.49% drop in the share price the next day.
Here’s a look at Bank of America’s past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.76 | 0.71 | 0.77 | 0.66 |
| EPS Actual | 0.82 | 0.85 | 1.03 | 0.86 |
| Revenue Estimate | 22.23B | 21.78B | 21.83B | 22.13B |
| Revenue Actual | 22.16B | 22.87B | 21.58B | 22.93B |
To track all earnings releases for Bank of America visit their earnings calendar here..
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
