News: 2024.04.17
Bank of America announced that its first-quarter profit of this year was US$6.14 billion (approximately HK$47.89 billion), down 19% year-on-year but up 1.2 times quarter-on-quarter. The results were better than expected. Earnings per share were 77 cents.
Bank of America announced its earnings report for the first quarter of this year, showing that its total profit was US$6.14 billion, a decrease of US$19% from the same period last year. Although overall earnings declined, on a quarterly basis, earnings increased 1.2 times and exceeded market expectations. Earnings per share were 77 cents.
Bank of America's shares fell in early trading despite a stronger-than-expected earnings report. Investors may have a certain degree of concern about the overall prospects of the banking industry, which has also led to fluctuations in stock prices.
Bank of America's earnings report drew mixed reactions from the market. On the one hand, investors are worried about the decline in its profitability. On the other hand, the quarter-on-quarter growth of 1.2 times gives people some hope. There is some uncertainty in the market about the future trend of the banking industry.
Bank of America said it will continue to work hard to improve performance, expand profitability and actively respond to market changes. Although facing certain challenges, the company will achieve long-term stable development through unremitting efforts.