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Bank Earnings:Historical Results/2023 Q1: Difference between revisions
Bank Earnings:Historical Results/2023 Q1 (view source)
Revision as of 08:29, 19 April 2023
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|$13.09 billion | |$13.09 billion | ||
|$13.34 billion | |$13.34 billion | ||
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|Bank of America<ref>https://d1io3yog0oux5.cloudfront.net/_2021dc618f98acb48cb37faa72a1ad9d/bankofamerica/db/806/9848/earnings_release/The+Press+Release_1Q23.pdf</ref> | |||
|Revenue | |||
|$25.13 billion | |||
|$26.39 billion | |||
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|Adjusted earnings | |||
|82 cents per share | |||
|94 cents per share | |||
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|Average deposits | |||
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| -3% Y/Y | |||
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|Average loans and leases | |||
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| +7% Y/Y | |||
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|credit / debit card spend | |||
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| +6% Y/Y | |||
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|Provision for credit losses | |||
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|$931 million(+3,003% y/y) | |||
|Chief Financial Officer Alastair Borthwick said, “We haven’t seen any cracks in that portfolio yet.” “The consumer is in great shape.” | |||
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|Net charge-offs | |||
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|$807 million(+17% Q/Q but was below pre-pandemic levels) | |||
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|Goldman Sachs<ref>https://www.goldmansachs.com/media-relations/press-releases/current/pdfs/2023-q1-results.pdf</ref> | |||
|Revenue | |||
|$12.79 billion | |||
|$12.22 billion | |||
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|- | |||
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|Adjusted earnings | |||
|$8.10 a share | |||
|$8.79 a share | |||
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|Deposits | |||
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| -3% Y/Y | |||
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|Loans | |||
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| +7% Y/Y | |||
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|Provision for credit losses | |||
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|net benefit of $171 million(-130% y/y) due to sale of $440 million Marcus Loan Portfolio. | |||
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|} | |} | ||
== References == | == References == | ||