Bank of America: EPS down 12% in Q1
Revenues net of interest expense fell by 2% to $25.8 billion, with higher commissions in investment banking and asset management, as well as sales and trading revenues, but lower net interest income.
The banking group's non-interest expenses rose by 6% to $17.2 billion, but excluding the special FDIC (Federal Deposit Insurance Corporation) assessment, were up by only 2%.
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