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’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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