Bank of America’s third quarter earnings beat expectations on revenue and on EPS. Read why I sold 33% of my shares shortly after BAC’s release came out.

Bank of America said its consumer banking business chalked up net income of $2.7 billion in the third quarter, down from $2.9 billion in the year-earlier period. Revenue fell 1% to $10.4 billion, due to lower net interest income,

Analysts expect Bank of America to report $6.1 billion of net income, down from $7.8 billion a year ago. Net interest income is expected to drop to $14 billion from $14.4 billion a year ago, on a generally accepted accounting principles, or GAAP, basis.

Bank of America Q3 earnings fell both Q/Q and Y/Y, but they topped the Wall Street consensus, helped by strength in its Global Markets and Global Wealth and Investment businesses.

Bank of America's stock was up 1.4% after third-quarter earnings showed a profit beat that offset a decline in net interest income, and buyers were snapping up its outstanding bonds as spreads narrowed to their tightest levels of the year.

Bank of America’s profit fell in the third quarter, weighed down by its earnings from lending. The bank's results nevertheless topped Wall Stree

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.

Shares of Bank of America Corp. ($BAC) gained in pre-market trading after the investment bank reported better-than-expected Q3 earnings. This was