**Bank of America Stock Surges After Beating Earnings Expectations**
Charlotte, North Carolina – Bank of America, the second-largest U.S. lender, exceeded first-quarter earnings expectations due to higher borrowing costs, which boosted net interest income beyond Wall Street forecasts. The company reported a net income of $6.7 billion, or 76 cents per share, with revenue totaling $25.8 billion. Adjusted earnings per share stood at 83 cents, surpassing the anticipated 76 cents, based on FactSet data, while revenue also exceeded analysts’ predictions of $25.5 billion. With …