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Benzinga
Benzinga
Business
Adam Eckert

Bank Of America Reports Strong Earnings Results: Why This Investor Says The Firm Is Well Positioned Moving Forward

Bank of America NYSE Stephanie Link BAC Bank of America Corp Brian Moynihan

Bank Of America Corp (NYSE:BAC) on Monday reported strong first-quarter financial results led by an increase in consumer lending activity. 

What Happened: Bank Of America said first-quarter revenue grew 2% year-over-year to $23.2 billion, which beat the average analyst estimate of $23.1 billion. The firm reported quarterly earnings of 80 cents per share, which beat the 74-cent estimate, according to data from Benzinga Pro.

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