BofA sees 40% increase in 1Q earnings

BofA sees 40% increase in 1Q earnings

Strong trading revenue has fueled a 40% increase in Bank of America Corp.’s first-quarter earnings, and the company has added employees for the first time in more than five years. Total profit jumped to $4.9 billion, or 41 cents per share, from $3.5 billion, or 28 cents per share, a year earlier, beating analysts’ consensus estimate of 35 cents per share. Charlotte-based BofA added 549 employees in the quarter, the first increase since the third quarter of 2011.

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