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Bank of America announced earnings per share of $1.03 on revenue of $21.47B. Analysts polled by Investing.com anticipated EPS of $0.7748 on revenue of $21.87B.
Bank of America shares are up 31% from the beginning of the year, still down 8.35% from its 52 week high of $43.49 set on June 3. They are outperforming the S&P 500 which is up 16.32% from the start of the year.
Bank of America’s report follows an earnings beat by JPMorgan on Tuesday, who reported EPS of $3.78 on revenue of $31.4B, compared to forecasts EPS of $3.16 on revenue of $30B.
BlackRock had beat expectations on Wednesday with second quarter EPS of $10.03 on revenue of $4.82B, compared to forecast for EPS of $9.28 on revenue of $4.59B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
