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Bank of America Earnings, Revenue Beat in Q3 By

Bank of America Revenue and Earnings Beat Q3

Bank of America (NYSE) reported Thursday that the third quarter beat analyst forecasts, and that revenue exceeded expectations.

Bank of America reported earnings per share of $0.85 based on $22.77B in revenue. polled analyst to predict EPS of $0.7075 based on $21.65B revenue.

Bank of America shares have increased 42% since the start of the year. However, they are still down 3.86% from their 52-week high of $44.87 on October 7. They are outperforming the S&P 500 which is up 16.18% from the start of the year.

Bank of America is following other financial sector major earnings this month

Bank of America reports on JPMorgan’s earnings beat on Wednesday. JPMorgan reported EPS of 3.74 for revenue of $30.44B. Forecasts were for EPS of 3 on revenue of $29.86B.

UnitedHealth exceeded expectations Thursday, posting a fourth quarter EPS (EPS) of $4.52 on revenues of $72.34B. This compares to the forecasted EPS (4.41 on revenues of $71.3B).

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

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.