Bank of America's Financial Results Exceed Expectations
Bank of America (BAC) has reported its third-quarter financial results, surpassing Wall Street's forecasts on both the top and bottom lines.
The bank announced earnings per share (EPS) of $1.06 U.S., exceeding the expected $0.95 U.S., with a 23% increase in profit from the previous year.
Revenue for the quarter totaled $28.24 billion U.S., beating the forecast of $27.50 billion U.S., with a 10.8% rise from the same period last year.
The strong results were largely driven by investment banking activity, including initial public offerings (IPOs) and mergers and acquisitions (M&A), which saw investment banking fees surge 43% to $2 billion U.S.
- Investment banking fees increased by 43% to $2 billion U.S.
- Equity trading revenue rose 14% to $2.3 billion U.S.
- Fixed income trading increased 5% to $3.10 billion U.S.
Author's summary: Bank of America's Q3 financial results beat expectations.
More News
- Read Customer Service Reviews of Charlie’s
- Erika Kirk on gun violence being root problem that led to Charlie's murder, ‘I support the…’ | Hindustan Times
- I was 16 when I collapsed and nearly died playing in front of a crowd including my mum
- Rapala x Charlie's Fishing Limited Edition Super Shadow Rap Glide 11
- [Erika Kirk insists husband Charlie’s murder was not a ‘gun problem’]
- How many syllables in collapsed?
- Super Cup 2025 final: FC Goa retain title after beating East Bengal in penalty shootout
- Super Cup 2025-26 final: East Bengal, FC Goa vie for title
- Charlie's Angels Co-Stars Drew Barrymore and Lucy Liu Reunite With Matching Outfits
- AIFF Super Cup Final: What happens if East Bengal vs FC Goa ends in a draw?