Autor: Camisa_Roxa
Data: 14-04-2003 06:23
Bank of America Q1 earns at $1.59/shr vs yr-ago $1.38
NEW YORK, April 14 (Reuters) - Bank of America Corp. (BAC) , said on Monday that first-quarter profits rose from a year earlier, helped by growth in its consumer business.
The third-largest U.S. bank, which is based in Charlotte, North Carolina, said it earned $2.42 billion, or $1.59 per share, in the first quarter, compared with $2.18 billion, or $1.38 per share, a year earlier.
Bank of America, like its rivals, has been helped by interest rates at near 40-year lows, which has boosted lending by fueling record demand for mortgages. It has also benefited from robust fixed-income underwriting.
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