Profits plummeted Bank of Americaby 12 in the first quarter in the first quarterly decline since 2020.
The bank’s profits exceeded $7 billion in the first quarter, compared to $8 billion in the same period a year earlier.
These earnings came in higher than the average forecast of analysts.
The bank recorded an increase in consumer banking income by 9%, while net interest income rose by regarding $1.4 billion thanks to the strong growth in deposits and loans.
