Bank of America's Q3 earnings report exceeded market expectations

Bank of America's (BAC. N) Q3 revenue in 2024 was $25.30 billion, compared with market expectations of $25.287 billion and $25.20 billion in the same period last year. Q3 net profit was $6.90 billion, compared with market expectations of $6.113 billion and $7.80 billion in the same period last year. Q3 net interest income was $13.97 billion and market expectations were $13.90 billion. Investment banking income was $1.40 billion and market expectations were $1.24 billion. Wealth and Investment Management revenue was $5.76 billion and market forecasts were $5.63 billion.