Halister News

(Bloomberg) -- Bank of America 1Q trading rev. excl DVA $4.03b, est. $3.59b (Bloomberg News).

• 1Q EPS 41c
• 1Q FICC trading rev. excl DVA $2.93b, est. $2.58b (Bloomberg News)
• 1Q equities trading rev. excl DVA $1.10b, est. $1.01b
• 1Q rev. net of interest expense $22.2b
• 1Q compensation expenses $9.16b, est. $8.84b
• 1Q provision for credit losses $835m, est. $922m
• 1Q return on avg. equity 10.3%
• 1Q return on avg. assets 0.88%
• 1Q Basel 3 common equity Tier 1 ratio fully phased-in, advanced approach 11%, est. 10.81% (range 10.6%-11%)
• 1Q efficiency ratio 53%
• 1Q net Reserve Release $99m

NOTE:

• Shares up 0.9% since earnings release to $23.06 on 15,994 shares traded
• 24 buys, 9 holds, 2 sells before today
• Call 8:30am (NY time), 877.200.4456 pw 79795

Statement

--PRADEEP KURUP

(Bloomberg) -- Some of the 3,800 Dutch residents being investigated for concealing their savings from tax authorities still have an account at a Swiss bank, spokeswoman for the Dutch public prosecutor’s office Marieke van der Molen says by email.

• Says federal investigation service received informaion on residents, not all of whom are suspected of tax fraud
• Information is ‘about clients who had an account with a Swiss bank in the past’ though some still hold accounts
• NOTE: Credit Suisse Probe Puts Swiss Officials on Back Foot Again