Bank of America EPS beats by $0.20, beats on revenue

• Bank of America (NYSE:BAC): Q1 GAAP EPS of $0.86 beats by $0.20.
• Revenue of $22.82B (+0.2% Y/Y) beats by $960M.
• Provision for losses of -$1.86B vs. $349.7M consensus. Provision for credit losses decreased $6.6 billion to a benefit of $1.9 billion, reflecting a reserve release of $2.7