Bank of America Q1 2024 Adj EPS $0.83 Beats $0.77 Estimate, Sales $25.818B Beat $25.464B Estimate
Portfolio Pulse from Benzinga Newsdesk
Bank of America (BAC) reported Q1 2024 adjusted EPS of $0.83, surpassing the $0.77 estimate, with sales of $25.818B also beating the $25.464B estimate, despite a 2.17% decrease from the previous year.
April 16, 2024 | 10:44 am
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Bank of America reported higher than expected Q1 2024 earnings and sales, with an EPS of $0.83 against a $0.77 estimate and sales of $25.818B against a $25.464B estimate.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The slight year-over-year sales decrease is noted but may be overshadowed by the earnings beat in the short term.
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IMPORTANCE 90
RELEVANCE 100