Bank of America Stock Up on Q3 Earnings Beat, IB & Trading Fee Growth

Bank of America’s (BAC) third-quarter 2024 earnings of 81 cents per share surpassed the Zacks Consensus Estimate of 78 cents. The bottom line compared unfavorably with 90 cents earned in the prior-year quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Shares of the company gained almost 1.5% in pre-market trading on better-than-expected results, driven by solid capital markets performance.Behind BAC’s Headline NumbersTotal investment banking (IB) fees (in the Global Banking di ...