Shares of Bank of America (BAC) surged Tuesday morning after the financial giant's first-quarter results came in better than expected.

The firm recorded 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $0.90 on revenue of $27.37 billion. Analysts were projecဣting $0.82 and $26.80 billion, respectively, per Visible Alpha.

Bank of America reported 澳洲幸运5官方开奖结果体彩网:net interest income (NII)ಌ of $14.44 billion, in line with the analyst consensus.

Despite largely stronger-than-expected Q1 results thus far, a number of 澳洲幸运5官方开奖结果体彩网:executives at big banks have been less bullish on the macroeconomic outlook for 2025 amid uncertainty about how the 澳洲幸运5官方开奖结果体彩网:Trump administration's tariffs will impact the economy.

"Our business clients have been performing well; and consumers have shown resilience, continuing to spend and maintaining healthy credit quality," Bank of America CEO Brian Moynihan said. He added that Bank of America is well-positioned to continue growing even "though we potentially face a changing economy in the future."

Shares of Bank of America, which topped estimates in 澳洲幸运5官方开奖结果体彩网:each quarter of 2024, were up 5% shortly after markets opened Tuesday. They entered the day down roughly 17% 𒆙since the start of🦩 the year.

UPDATE—This article has been updated with the latest share price information.