© Reuters Bank of America Earnings, Revenue Beat in Q3
Investing.com – Bank of America (NYSE:) reported on Monday third quarter that beat analysts’ forecasts and revenue that topped expectations.
Bank of America announced earnings per share of $0.81 on revenue of $24.50. Analysts polled by Investing.com anticipated EPS of $0.78 on revenue of $23.56B.
Bank of America shares are down 28% from the beginning of the year, still down 36.74% from its 52 week high of $50.11 set on February 10.
Bank of America follows other major Financial sector earnings this month
Bank of America’s report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Wells Fargo&Co had beat expectations on Friday with third quarter EPS of $1.3 on revenue of $19.51B, compared to forecast for EPS of $1.1 on revenue of $18.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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