Bank Of America’s Financial Results Beat On Top And Bottom Lines
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Bank of America (BAC) reported Q3 financial results exceeding Wall Street forecasts, with earnings per share (EPS) of $1.06, surpassing the expected $0.95. Revenue reached $28.24 billion, above the $27.50 billion forecast, marking a 10.8% increase year-over-year. Strong investment banking activity, including a 43% rise in fees to $2 billion, and a 14% increase in equity trading revenue contributed to the results. BAC stock has risen 13% this year, trading at $50.09 per share.
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