Bank of America reports Q1 EPS 94c, consensus 82c

Reports Q1 revenue $26.3B, consensus $25.13B. Reports Q1 tangible book value per share $22.78. Reports Q1 CET1 capital ratio 11.4%. Reports Q1 net charge-offs .32%. Chair and CEO Brian Moynihan said: "Every business segment performed well as we grew client relationships and accounts organically and at a strong pace. Led by 13% year-over-year revenue growth, we delivered our seventh straight quarter of operating leverage. We further strengthened our balance sheet and maintained strong liquidity. We delivered earnings of $0.94 per share, up 18% over Q1-22, in an economy with modestly slower GDP growth. Our results demonstrate how our company’s decade-long commitment to responsible growth helped to provide stability in changing economic environments."