Bank Of America Corporation Bottom Line Rises In Q3, Beats Estimates

(RTTNews) - Bank of America Corporation (BAC) revealed a profit for its third quarter that Increased, from the same period last year and beat the Street estimates.

The company's earnings came in at $8.040 billion, or $1.06 per share. This compares with $6.380 billion, or $0.81 per share, last year.

Analysts on average had expected the company to earn $0.95 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 10.8% to $28.088 billion from $25.345 billion last year.

Bank of America Corporation earnings at a glance (GAAP) :

-Earnings: $8.040 Bln. vs. $6.380 Bln. last year. -EPS: $1.06 vs. $0.81 last year. -Revenue: $28.088 Bln vs. $25.345 Bln last year.