Bank of America Earnings Beat Estimates. Its Stock Is Rising — for Once.

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https://www.barrons.com/articles/bank-of-america-bac-earnings-51634211848

Updated Oct. 14, 2021 8:40 americium ET / Original Oct. 14, 2021 7:44 americium ET

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Wall Street recovered a batch to similar successful Bank of America‘s net merchandise Thursday arsenic third-quarter results helped propulsion its banal higher.

The bank’s results easy topped analysts’ estimates with profits totaling $7.7 billion, oregon 85 cents a share. Analysts surveyed by FactSet had been expecting nett income to deed $6.1 billion, oregon 71 cents. Revenue besides came successful up of expectations astatine $22.8 billion, up of the $21.7 cardinal expected by Wall Street.

“We...

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