Bank of America Q3 Revenue, Net Of Interest Expense, $25.2B, Up 3%
Portfolio Pulse from Benzinga Newsdesk
Bank of America (NYSE:BAC) reported Q3 earnings of $0.90 per share, beating the analyst consensus estimate of $0.81 by 11.11%. This is a 11.11% increase over earnings of $0.81 per share from the same period last year. The bank's Q3 revenue, net of interest expense, was $25.2B, up 3%.
October 17, 2023 | 10:46 am
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Bank of America's Q3 earnings beat analyst estimates, which could lead to a positive short-term impact on its stock.
Bank of America reported better-than-expected Q3 earnings, which is typically a positive signal for investors and can lead to an increase in the stock price. The bank's revenue also increased, further strengthening its financial position.
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