Stock Groups

Bank of America Earnings, Revenue Beat in Q3 By Investing.com

by Mike Robinson

[ad_1]

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. 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

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



[ad_2]