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AP National Business

Bank of America, Wells Fargo top Q3 expectations

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KMIZ

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Published 6:36 AM

The Associated Press

NEW YORK (AP) — Bank of America and Wells Fargo both topped Wall Street expectations for the quarter.  Bank of America said net income rose 58% to $7.26 billion, or 85 cents a share. That topped the estimates of Wall Street analysts who were looking for earning per share of 70 cents, according to FactSet. Wells Fargo said earnings rose 59% to $5.12 billion, or $1.17 per share in the third quarter. Analysts surveyed by FactSet expected earnings per share of 98 cents. 

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