Investing.com - Bank of America, the second largest U.S. bank, reported better-than-expected third-quarter earnings ahead of Wednesday’s opening bell, sending its shares higher in pre-market trade.
Earlier in the day, in its third-quarter earnings report, Bank of America said earnings per share came in at USD0.20, above expectations for USD0.19.
The bank’s third-quarter revenue totaled USD21.74 billion, missing estimates for revenue of USD21.95 billion.
Immediately after the earnings announcement, Bank of America shares rose 1.5% in trading prior to the opening bell.
Meanwhile, U.S. stock futures pointed to a higher open. The Dow Jones Industrial Average futures pointed to a gain of 0.4% at the open, S&P 500 futures added 0.4%, while the Nasdaq 100 futures indicated a rise of 0.3% at the open.