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Bank of America Q1 Earnings Beat

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Benzinga

Benzinga

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Business

Business & Economics

Bank of America Corp (BAC) reports first-quarter fiscal 2025 net income of $7.4 billion and EPS of $0.90

Benzinga

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Bank of America reported a first-quarter fiscal 2025 net income of $7.4 billion (versus $6.7 billion a year ago ) and EPS of $ 0.90 .

Revenue, net of interest expense, increased 6.0% year over year to $27.37 billion .

Noninterest income was $12.92 billion (+9.6% Y/Y) Provision for credit losses grew 12.2% to $1.48 billion .

The bank added 1.0 million credit card accounts during the quarter .

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English

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