YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Per-share earnings were unchanged from a year earlier at $1.07, including merger and restructuring costs. Bank of America acquired Delaware-based MBNA Corp. Jan. 1.
Revenue for the quarter increased 31 percent to $17.94 billion from $13.74 billion in first-quarter 2005. Net interest income was $9.04 billion, compared to $7.71 billion last year, and noninterest income was $8.9 billion, up from $6.03 billion.
Company officials attribute across-the-board increases to strong performance in the consumer businesses and improvements in trading account profits, equity investment gains and investment banking income, as well as momentum in e-commerce and small-business banking.
Mass market small-business sales increased more than 21 percent from the same quarter last year, driven by increases in small-business online banking and small-business credit products.
Shares of Bank of America (NYSE: BAC) closed April 24 at $47.07, compared to a 52-week range of $41.13 to $47.44.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
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