Bank of America Corp (NYSE:BAC) shares are trading higher by 2.32% at $38.44 after the company reported better-than-expected first-quarter EPS and sales results.
Bank of America reported quarterly earnings of 80 cents per share which beat the analyst consensus estimate of 74 cents. This EPS figure represents a decrease over earnings of 86 cents per share from the same period last year. Bank of America reported quarterly sales of $23.20 billion which beat the analyst consensus estimate of $23.11 billion. This sales figure represents a 1% increase over sales of $22.93 billion in the same period last year.
