Bank of America Corporation (NYSE: BAC) unveiled its earnings report, allowing investors to assess the company's performance in the third quarter, prior to the regular trading hours.
In the quarterly report, the business indicated income of $0.81 per share, in conjunction with total revenues of $25.35 billion for the equivalent three-month period.
The achieved results outplayed the wall street estimated $0.77 profit per share considering the $25287.37 million revenue.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q3 2024 | $0.81 | -10.0% | 25.35 B | +0.7% |
| Historical Earnings Insight | ||||
| Q2 2024 | $0.83 | -5.7% | 25.54 B | +0.8% |
| Q1 2024 | $0.83 | -11.7% | 25.98 B | -1.6% |
| Q4 2023 | $0.70 | -17.6% | 23.50 B | -4.7% |
| Q3 2023 | $0.90 | +11.1% | 25.32 B | +2.9% |
| Q2 2023 | $0.88 | +20.5% | 25.33 B | +11.1% |
| *Growth on year-over-year basis | ||||
The topline improved 0.71 percent, and the bottomline dropped 10 percent in comparison to the third quarter of previous year.
Bank of America (BAC) experienced a trading range of $41.72 to $42.18, along with a total volume of 28.10 million shares during the day. The stock concluded Monday's regular trading session at $41.91, indicating decrease of 0.1 percent.
