BofA Profit, Revenue Soar Past Forecasts

April 16, 2010  |  

(CNBC.com) — Bank of America more than tripled earnings expectations Friday, thanks to strength in its capital markets business, pushing shares up in before-hours trading.

BofA [BAC  19.48   0.08  (+0.41%)] reported a profit of 28 cents a share for the first quarter, down from 44 cents a share in the same quarter a year ago, but well ahead of the 9 cents a share analysts surveyed by ThomsonReuters predicted.

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