Investing.com - Bank of America (NYSE:BAC) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Bank of America announced earnings per share of $0.85 on revenue of $22.77B. Analysts polled by Investing.com anticipated EPS of $0.7075 on revenue of $21.65B.
Bank of America shares are up 42% from the beginning of the year, still down 3.86% from its 52 week high of $44.87 set on October 7. They are outperforming the S&P 500 which is up 16.18% from the start of the year.
Bank of America follows other major Financial sector earnings this month
Bank of America's report follows an earnings beat by JPMorgan on Wednesday, who reported EPS of $3.74 on revenue of $30.44B, compared to forecasts EPS of $3 on revenue of $29.86B.
UnitedHealth had beat expectations on Thursday with third quarter EPS of $4.52 on revenue of $72.34B, compared to forecast for EPS of $4.41 on revenue of $71.3B.
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