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. Investing.com 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 Investing.com’s earnings calendar
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