Bank of America Corporation Reveals Gain In Q3 Earnings, Beats estimates

Bank of America Corporation (BAC) revealed a profit for its third quarter that increased from last year.

The company's profit totaled $7.26 billion, or $0.85 per share. This compares with $4.44 billion, or $0.51 per share, in last year's third quarter.

Analysts had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.9% to $22.77 billion from $20.34 billion last year.

Bank of America Corporation earnings at a glance:

-Earnings (Q3): $7.26 Bln. vs. $4.44 Bln. last year.
-EPS (Q3): $0.85 vs. $0.51 last year.
-Analysts Estimate: $0.71
-Revenue (Q3): $22.77 Bln vs. $20.34 Bln last year.

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