Bank of America Corp. on Tuesday said a rise in clients and accounts across its business helped boost its third-quarter profit. The bank’s net income for the three months ended Sept. 30 was up 10% to $7.8 billion, or 90 cents a share, from $7.
1 billion, or 81 cents a share, in the year-ago quarter. The FactSet consensus was for 81 cents a share. Revenue rose to $25.2 billion from $24.5 billion in the year-ago quarter, and was slightly ahead of the FactSet consensus of $25.13 billion. Bank of America stock was up 0.5% in premarket trades.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Earnings Tuesday: Bank of America, Goldman Sachs continue parade of bank reportsFollow along with MarketWatch's live coverage of Tuesday's earnings slate.
Source: MarketWatch - 🏆 3. / 97 Read more »
Earnings Tuesday: Bank of America, Goldman Sachs continue parade of bank reportsFollow along with MarketWatch's live coverage of Tuesday's earnings slate.
Source: MarketWatch - 🏆 3. / 97 Read more »
Bank of America earnings: What to expectSteve Gelsi covers banking and cannabis as a Senior Reporter for MarketWatch.
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 futures drift as Goldman Sachs and Bank of America earnings awaitedJamie Chisholm is a markets reporter based in London.
Source: MarketWatch - 🏆 3. / 97 Read more »
Bank of America is set to report third-quarter earnings — here's what the Street expectsBank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.
Source: NBCDFW - 🏆 288. / 63 Read more »
Bank of America is set to report third-quarter earnings — here's what the Street expectsBank of America was supposed to be one of the big beneficiaries of higher interest rates. Instead, the stock has been the worst performer among peers this year.
Source: NBCLA - 🏆 319. / 59 Read more »