Bank of America (BAC) Q3 2022 earnings beat


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

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