Bank of America (NYSE) reported Monday the results of its first quarter. They beat analyst forecasts, and generated revenue above expectations.

Bank of America reported earnings per share of $0.8 based on $23.23 billion in revenue. Investing.com polled analyst to predict EPS of $0.7492 based on $23.18B in revenue.

Bank of America shares fell 15% over the first of the year. This is still 25.02% less than its 52-week peak of $50.11, which was set February 10. They are under-performing the S&P 500 which is down 7.84% from the start of the year.

Bank of America reports on other earnings in the Financial Sector this month

Bank of America’s report is following JPMorgan’s Wednesday earnings disappointment. JPMorgan reported an EPS of $1.63 per share on $30.72B in revenue, while Bank of America forecasts an EPS of $2.69 for $30.856M.

Industrial Commercial Bank of China exceeded expectations March 30, with first quarterEPS of $0.7567 based on $34.21 billion in revenue. This compares to the forecast of EPS of $0.5946 based on revenues of $32.96B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar