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BofA (BAC) records a decline in revenues and higher expenses in the first quarter of 2024.
Senators Ask Bank Of America For Details About Leon Black's Payments To Jeffrey Epstein, Report Says
The Senate Finance Committee has asked Bank of America to provide details about its handling of millions of dollars in fees made by billionaire private equity investor Leon Black to disgraced financier and sex offender Jeffrey Epstein, the New York Times reported Tuesday.
Bank of America (BAC) on Tuesday posted better-than-expected first-quarter results, including net interest income, a key profitability metric that has dogged its peers in the past week.
Bank of America (BAC) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.94 per share a year ago.
CNBC's Leslie Picker joins ‘Squawk Box' to report on Bank of America's quarterly earnings results.
Bank of America Corp (NYSE:BAC) shares fell in pre-market trading even though first-quarter earnings fell less than expected. The lender reported an 18% fall in net income to $6.7 billion for the first three months of 2024, on revenue down 2% to $25.8 billion.
Bank of America reported first-quarter results that saw net interest income FTE of $14.19 billion and a rebound in investment banking. Sonali Basak breaks down the numbers on Bloomberg Television.
Will Bank of America follow rivals in posting better-than-expected Wall Street revenue?
Exxon Mobil is an industry leader with solid production growth. Occidental and Baytex will both be able to quickly deleverage, given higher oil prices.
Adarsh Sinha, co-head of Asia FX and rates strategy at Bank of America, discusses geopolitical tensions and says "even though we're pricing in near-term de-escalation, the longer-term geopolitical risk premium probably has to go up."