Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
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Bank of America
, the nation’s second-largest lender, beat on the top and bottom lines during the first quarter, bolstered by equities sales and trading.
Here’s what the firm reported:
The bank said Wednesday that net income rose 17% to $8.6 billion, or $1.11 per share, Bank of America’s highest EPS in almost two decades.
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Bank of America is likely to have benefited from the Wall Street side of its operations during the third quarter.
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Citigroup reported its best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share.
