- Bank of America reports first-quarter earnings per share of $0.03, valuation adjusted $0.28
- Revenue decreased 10.3% from the previous quarter, to $22.5 billion
- Analysts were expecting EPS of $0.12 on revenues of $22.51 billion
Once millennials get in on an upward trend, count on the market to head in the opposite direction.
It's a classic example of headline risk on a topic Wall Street would prefer to avoid.
Morgan Stanley, Goldman Sachs and State Street clear thresholds - but barely
The second piece of the annual reviews determines how much banks can spend on dividends and stock buybacks.