Bank of America's Q3 earnings beat market expectations

Bank of America (BAC.N) had a Q3 2024 revenue of $25.3 billion, with market expectations at $25.287 billion and $25.2 billion in the same period last year. Q3 net profit was $6.9 billion, with market expectations at $6.113 billion and $7.8 billion in the same period last year. Q3 net interest income was $13.97 billion, with market expectations at $13.9 billion. Investment banking revenue was $1.4 billion, with market expectations at $1.24 billion. Wealth and investment management revenue was $5.76 billion, with market forecasts at $5.63 billion.