Bank of America delivered Q3 EPS of $1.06 and $28.1 billion in revenue, exceeding estimates.
The bank reported a net income of $8.5 billion, a 31% increase compared to the previous year.
Significant growth across all segments, driven by a combination of higher net interest income, investment banking fees, and asset management revenue.
Author's summary: Bank of America exceeds Q3 estimates with broad-based growth.