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• Bank of America advanced 2.7% to $43.06 after the financial service provider reported better-than-expected earnings. 
  
  Revenue in the third quarter increased to $25.3 billion from $25.2 billion, net income eased to $6.9 billion from $7.8 billion, and diluted earnings per share fell to 81 cents from 90 cents a year ago. 
  
  Provision for credit losses was flat at $1.5 billion from the previous quarter and higher than $1.2 billion a year ago. 
  
  Oct 15, 2024
• Bank of America advanced 2.7% to $43.06 after the financial service provider reported better-than-expected earnings. 
  
  Revenue in the third quarter increased to $25.3 billion from $25.2 billion, net income eased to $6.9 billion from $7.8 billion, and diluted earnings per share fell to 81 cents from 90 cents a year ago. 
  
  Provision for credit losses was flat at $1.5 billion from the previous quarter and higher than $1.2 billion a year ago.  Less
  
  Oct 15, 2024


• Bank of America increased 4.4% to $43.73 after the financial services company reported better-than-expected second-quarter results. 
  
  Revenue in the quarter increased 1% to $25.4 billion from $25.2 billion, net income declined to $6.9 billion from $7.4 billion, and diluted earnings per share eased to 83 cents from 88 cents a year ago. 
  
  Net interest income decreased 3% to $13.9 billion from $13.7 billion, and credit loss provision increased to $1.5 billion from $1.3 billion in the previous quarter and $1.1 billion in the period a year ago. 
  
  Th More
  
  Jul 16, 2024
• Bank of America increased 4.4% to $43.73 after the financial services company reported better-than-expected second-quarter results. 
  
  Revenue in the quarter increased 1% to $25.4 billion from $25.2 billion, net income declined to $6.9 billion from $7.4 billion, and diluted earnings per share eased to 83 cents from 88 cents a year ago. 
  
  Net interest income decreased 3% to $13.9 billion from $13.7 billion, and credit loss provision increased to $1.5 billion from $1.3 billion in the previous quarter and $1.1 billion in the period a year ago. 
  
  The average deposit balance in the quarter increased by 2%, or $35 billion, to $1.9 trillion, and the company returned to shareholders $5.4 billion, $3.5 billion in stock repurchases, and $1.9 billion in stock dividends.  Less
  
  Jul 16, 2024

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