Bank of America (BAC) Tops Q3 EPS by 7c

Bank of America (NYSE: BAC) reported Q3 EPS of $0.90, $0.07 better than the analyst estimate of $0.83. Revenue for the quarter came in at $25.2 billion versus the consensus estimate of $25.13 billion.

From Chair and CEO Brian Moynihan: “Our teammates delivered another strong quarter. We generated $7.8 billion in earnings, up 10 percent from the third quarter a year ago. We added clients and accounts across all lines of business. We did this in a healthy but slowing economy that saw US consumer spending still ahead of last year but continuing to slow. Our growth in revenue and earnings allowed us to continue our investments in our people and technology to drive an enhanced client experience.”

For earnings history and earnings-related data on Bank of America (BAC) click here.

You May Also Be Interested In

• Wells Fargo cuts Netflix rating on engagement risk, weak slate
• Deutsche Bank Upgrades Wickes Group plc (WIX:LN) to Hold
• Jana Partners urges Cooper Companies to replace CEO and explore asset sales