Bank of America Q3 EPS $0.85 Beats $0.71 Estimate, Sales $22.80B Beat $21.78B Estimate

Bank of America (NYSE:BAC) reported quarterly earnings of $0.85 per share which beat the analyst consensus estimate of $0.71 by 19.72 percent. This is a 66.67 percent increase over earnings of $0.51 per share from the same period last year. The company reported quarterly sales of $22.80 billion which beat the analyst consensus estimate of $21.78 billion by 4.68 percent. This is a 11.49 percent increase over sales of $20.45 billion the same period last year.