Bank earnings reveal capital markets' 'resurgence': Analyst

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Bank Of America News

Morgan Stanley,Stephen Biggar,Investment Banking

Morgan Stanley (MS) and Bank of America (BAC) have reported their first quarter earnings, beating expectations on the top and bottom lines. Bank of America...

) have reported their first quarter earnings, beating expectations on the top and bottom lines. Bank of America posted revenue of $25.82 billion, surpassing estimates of $25.61 billion, alongside an adjusted EPS of $0.83, beating the $0.77 estimate. Similarly, Morgan Stanley reported revenue of $15.14 billion, outperforming the $14.46 billion estimate, with adjusted EPS of $2.02, exceeding the $1.66 estimate.

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Canada's inflation rate ticks up to 2.9% in March amid higher gas prices, boosting June rate-cut bets

 

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