Bank of America profit falls but beats target

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Bank of America profit falls but beats target
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Bank of America Corp. undefined shares rose 1.1% in premarket trading on Monday after the bank said its first-quarter earnings fell to $7.1 billion, or 80...

Bank of America Corp. shares rose 1.1% in premarket trading on Monday after the bank said its first-quarter earnings fell to $7.1 billion, or 80 cents a share, from $8.1 billion, or 86 cents a share in the year-ago quarter. First-quarter revenue increased to $23.2 billion from $22.8 billion. Analysts expected Bank of America to earn 75 cents a share on revenue of $23.1 billion, according to a FactSet survey.

1% in premarket trading on Monday after the bank said its first-quarter earnings fell to $7.1 billion, or 80 cents a share, from $8.1 billion, or 86 cents a share in the year-ago quarter. First-quarter revenue increased to $23.2 billion from $22.8 billion. Analysts expected Bank of America to earn 75 cents a share on revenue of $23.1 billion, according to a FactSet survey.

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