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Bank of America Corp (NYSE:BAC) reported upbeat earnings for the first quarter on Wednesday.
The company posted quarterly earnings of $1.11 per share which beat the analyst consensus estimate of $1.00 per share. The company reported quarterly sales of $30.272 billion which beat the analyst consensus estimate of $29.931 billion.
Chairman and CEO Brian Moynihan said the company entered 2026 with strong momentum, delivering a 25% year-over-year increase in earnings per share and $8.6 billion in net income, driven by disciplined execution. He added that the bank generated 290 basis points of operating leverage, supporting improvements in …
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