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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 S&P 500 which is up 8.7% from the start of the year.
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
