BAC Stock | Bank of America Q1 2019 Earnings Call

Bank of America beats Q1 earnings estimates, misses revenue targets April 16, 2019 Bank of America (BAC) reported Q1 earnings of $0.70 per share, beating the Street’s estimates of $0.65 a share. However, revenue for the first quarter came in at $23 billion, missing the consenus target of $23.3 billion. Bank of America stock was down about 2% during the pre-market trading hours. The banking giant’s earnings stood at $0.70 per share compared to $0.65 in the prior year quarter. Revenue, net of interest expense, of $23.0 billion was below the previous year revenue of $23.1 billion. The 5% increase in the net interest income was driven by the interest rate hikes in 2018 and growth in loans and deposits. Average loan and lease balances in business segments rose 4% and average deposit balances rose 5%. Provision for credit losses increased $179 million to $1 billion. Earnings Calendar: https://alphastreet.com/symbol/BAC/ea... Earnings Calls: https://alphastreet.com/symbol/BAC/ea... Earnings Transcripts: https://alphastreet.com/symbol/BAC/ea... SEC Filings: https://alphastreet.com/symbol/BAC/se...