Bank of America’s quarterly profit falls 12%

The Bank of America Corp. announced on Monday that its first-quarter profit fell 12%, the first quarterly decline since 2020.

The second largest US bank earned $7.07 billion compared to $8.05 billion a year earlier. Earnings per share of 80 cents beat the 75 cents that analysts polled by FactSet were expecting. Bank of America’s quarterly profit falls 12%

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