More on Bank of America (BAC) Q1 earnings: Cost-cutting efforts paying off, with non-interest expense of $18.15B off nearly $1B from a year ago (total income is $2.6B) - headcount of 262.8K vs. 278.7K a year ago. Net interest income of $10.9B, down from $11.1B a year ago, thanks to lower loan balances and low rates - NIM of 2.43% vs. 2.51% a year ago. Credit loss provision of $906M, up $29M Y/Y "as improvement in portfolio trends have stabilized." $25M in mortgage loans funded - nearly all refinances - up 56% Y/Y. Shares flat. (PR)
Check out Seeking Alpha’s new Earnings Center
Are you Bullish or Bearish on ?
Results for ()
Thanks for sharing your thoughts.
From other sites
at Nasdaq.com (Tue, 2:07PM)
at Nasdaq.com (Tue, 9:00AM)
at Benzinga.com (Fri, 3:01PM)
at Nasdaq.com (Feb 26, 2015)
at MarketWatch.com (Feb 26, 2015)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs