Bank of America Beats Q1 Expectations: EPS $1.11, Revenue +7%

Bank of America delivered a Q1 earnings surprise with EPS of $1.11 versus consensus $1.01. Total revenue reached $30.3 billion, up 7% year-over-year, with equities trading revenue jumping 30% to $2.83 billion and investment banking revenue up 21% to $1.8 billion. Net interest income rose 9% to $15.9 billion, while net income of $8.6 billion marked the strongest quarterly EPS in approximately two decades.