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Bank Of America CEO Brian Moynihan is interviewed by Jack Otter during “Barron’s Roundtable” at Fox Business Network Studios on January 09, 2020 in New York City.
John Lamparski | Getty Images
Bank of America said Monday that profit and revenue topped expectations on better-than-expected fixed-income trading and gains in interest income, thanks to choppy markets and rising rates.
Here’s what the company reported compared with what analysts were expecting, based on Refinitiv data:
- Earnings per share: 81 cents vs. 77 cents expected
- Revenue: $24.61 billion adjusted vs. $23.57 billion expected
Bank of America said in a release that third-quarter profit fell 8% to $7.1 billion, or 81 cents a…
Source cnbc.com
