(RTTNews) – Bank of America Corporation (BAC) released a profit for its first quarter that advanced from last year. The company’s profit totaled $7.56 billion, or $0.86 per share. This compares with $3.54 billion, or $0.40 per share, in last year’s first quarter. Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items. The company’s revenue for the quarter rose 0.2% to $22.82 billion from $22.77 billion last year. Bank of America Corporation earnings at a glance:
Earnings (Q1): $7.56 Bln. vs. $3.54 Bln. last year. -EPS (Q1): $0.86 vs. $0.40 last year. -Analysts Estimate: $0.66 -Revenue (Q1): $22.82 Bln vs. $22.77 Bln last year.
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