Bank of America Joins Rivals in Topping Q3 Estimates

Bank of America (BAC) reported third-quarter results above analysts' estimates Tuesday morning, as revenue rose year-over-year and profit fell by a smaller amount than expected. The company reported $25.34 billion in revenue, above last year's$25.17 billion and the $25.28 billion consensus projection of analysts compiled by Visible Alpha. The key banking metric of net interest income (NII) came in at$13.97 billion, down from $14.38 billion a year ago but better than the$13.85 billion expectation. Bank o ...