This week, they delivered a giant revenue beat as earnings more than doubled YOY. Global banking saw 33% revenue growth, equities trading up 32%, investment banking fees 24%, asset/wealth management 8% and platform solutions 16%. Operating expenses were -3% YOY, in-line, efficiency ratio was 59.6% and bought back $2 billion in shares.
They just reported a modest revenue beat and strong earnings beat. All 4 segments grew, though cost controls were merely okay at a modest beat. Expense guidance was merely in-line. BAC is doing fine, not great like its peers.