Bank of America tops estimates on stronger-than-expected investment banking revenue

7 hours ago

Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025.

Tom Williams | Cq-roll Call, Inc. | Getty Images

Bank of America on Wednesday posted third-quarter results that exceeded analysts' expectations on stronger-than-expected results in investment banking.

Here's what the company reported:

Earnings per share: $1.06 vs. 95 cents LSEG estimateRevenue: $28.24 billion vs. expected $27.5 billion

Shares of the bank have climbed roughly 14% this year.

On Tuesday, JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo each posted earnings that topped analysts' expectations for earnings and revenue.

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Bank of America tops estimates on stronger-than-expected investment banking revenue

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