- 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
Bank of America (BAC) CEO Brian Moynihan said his company could withstand a congressional review as Wells Fargo (WFC) is currently dealing with the fallout of illegal sales practices.
Shares in Europe's biggest bank hit a one-month high Thursday after Germany's Manager Magazin reports a potential capital injection from the Qatar royal family.
California's attorney general requested records on customers for whom unauthorized accounts were opened from 2011 to 2015 as well the identities of employees who set them up.