Bank of America Merrill Lynch beat Wall Street estimates for third-quarter earnings Friday.
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Bank of America beats on earnings (BAC)
Bank of America reported earnings Friday morning. The company increased revenues and profitability, despite a steep decline in trading.
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The bank reported earnings of $0.48 per share, even with the second quarter, beating analysts estimates of $0.46 per share.
"Our focus on responsible growth and improving the way we serve customers and clients produced another quarter of strong results," CEO Brian Moynihan said in a statement. "Revenue across our four lines of business grew 4 percent, even with a challenging comparable quarter for trading."
Here are the other key figures from the third-quarter results:
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- Revenues:
- Net income:
- Net interest income (NII):
- Consumer banking
- Wealth management
- Global banking
- Investment banking fees
- Total trading
- FICC trading revenues
earnings cycle for US banks Thursday
This story is developing.
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