Bank of America (BAC) 2024 Q1 Earnings Review

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Revenue up QoQ, but I want to see more growth to get excited

Bank of America’s total revenue improved on Q4’s misstep by 0.6%, but was still down 1.7% YoY.

The improvement was driven by higher investment banking fees, asset management fees, and sales & trading revenue. Together they pulled a 47% improvement from Q4, although flat compared with Q1 2023.