© Reuters. Bank of America Earnings Beat, Revenue Misses In Q3
Investing.com – Bank of America (NYSE:) reported on Wednesday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Bank of America announced earnings per share of $0.51 on revenue of $20.34B. Analysts polled by Investing.com anticipated EPS of $0.49 on revenue of $20.76B.
Bank of America shares are down 29% from the beginning of the year, still down 30.15% from its 52 week high of $35.72 set on December 27, 2019. They are under-performing the which is up 8.7% from the start of the year.
Bank of America follows other major Financial sector earnings this month
Bank of America’s report follows an earnings beat by UnitedHealth on Wednesday, who reported EPS of $3.51 on revenue of $65.12B, compared to forecasts EPS of $3.09 on revenue of $63.77B.
JPMorgan had beat expectations on Tuesday with third quarter EPS of $2.92 on revenue of $29.94B, compared to forecast for EPS of $2.23 on revenue of $28.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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