Bank of America Corporation reports results for the quarter ended September 30 — Earnings Summary

Bank of America Corporation reported quarterly adjusted earnings of $1.08​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.06. The mean expectation of twenty analysts for the quarter was for earnings of $1.10 per share. Wall Street expected results to range from $1.04 to $1.19 per share. Revenue rose 6.6% to $30.12 billion from a year ago; analysts expected $30.69 billion. Bank of America Corporation's reported EPS for the quarter was 91 cents​. The company reported quarterly net income of $6.54 billion. Bank of America Corporation shares had fallen by 0.9% this quarter and lost 1.9% so far this year. Forecast Changes The mean earnings estimate of analysts had fallen by about 6.6% in the last three months.​ In the last 30 days, seventeen analysts negatively revised earnings estimates Recommendations The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy" Wall Street's median 12-month price target for Bank of America Corporatio