Trending: Bank of America Reports 3Q Earnings, Revenue Beats
18 October 2022 - 1:09AM
Dow Jones News
9:39 ET -- Bank of America Corp. is one of the most talked about
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. Bank of America said Monday that it
topped earnings and revenue estimates. The bank said its
third-quarter net income fell to $7.08 billion, or 81 cents a
share, from $7.69 billion, or 85 cents a share, in the year-ago
quarter. Revenue increased 8%, to $24.5 billion. Analysts polled by
FactSet were looking for Bank of America to earn 78 cents a share
on revenue of $23.54 billion. Bank of America shares were up 6%, to
$33.67, at 9:35 a.m. ET. Dow Jones & Co. owns Factiva.
(chris.wack@wsj.com)
(END) Dow Jones Newswires
October 17, 2022 09:54 ET (13:54 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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