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Financial Performance: Bank of America's first-quarter revenue and profit both exceeded analyst expectations. Earnings per share (EPS) reached $1.11, the highest level in nearly two decades, while net revenue totaled $30.27 billion.
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Raised Net Interest Income (NII) Guidance: Given the strong first-quarter performance and reduced expectations for Fed rate cuts (shifting from two anticipated cuts to none), Bank of America has raised its 2026 NII growth guidance from the previous 5%–7% to 6%–8%.
