Bank of America beats by $0.04, misses on revs
- Reports Q1 (Mar) earnings of $0.70 per share, $0.04 better than the S&P Capital IQ Consensus of $0.66; revenues fell 0.4% year/year to $23 bln vs the $23.24 bln S&P Capital IQ Consensus.
- Average loans and leases rose 4% to $897 bln.
- Net interest yield (FTE basis) of 2.51%, up 9 bps.
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