Bank of America tops estimates with Q3 earnings

Favicon The Business Journal of the Greater Triad Area

Bank of America Corp. (NYSE: BAC) came out ahead of Wall Street's predictions with its second-quarter earnings on Friday morning. The Charlotte-based company reports net income for the quarter of $5.59 billion, an increase of roughly 13% from $4.96 billion a year earlier, according to its news release. That works out to 48 cents per diluted share, up from 41 cents in last year's period. Analysts had expected the bank to earn 45 cents per share. Revenue totaled $21.84 billion, up slightly from $21.64...

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