Bank of America Tops Q3 Earnings Views; Wells Fargo On Tap

Bank of America (BAC) reported better-than-expected earnings Friday morning, while Wells Fargo (WFC) is also due to release third-quarter results before the opening bell.

Bank of America

Estimates: Earnings per share of 46 cents, up 12%, on revenue of $21.981 billion, a 2% gain.

Results: EPS was 48 cents with revenue of $22.070 billion. Revenue for fixed income, currencies and commodities fell 22%, but rose 2% for equities. Overall BofA's loan loss reserves fell by 2% but climbed $200...

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