Bank of America: Q3 Earnings Snapshot
By AP News
Published - Oct 15, 2024, 06:49 AM ET
Last Updated - Dec 16, 2024, 06:21 PM EST
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Bank of America Corp. (BAC) on Tuesday reported third-quarter profit of $6.9 billion.
The bank, based in Charlotte, North Carolina, said it had earnings of 81 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The nation's second-largest bank posted revenue of $48.87 billion in the period. Its revenue net of interest expense was $25.35 billion, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $25.29 billion.
