Net income of $2,5 billion, compared with $340 million in the same period a year ago. Thus ends the third quarter of 2013 for Bank of America.
A result that goes beyond expectations, with earnings per share equal to 0,20 dollars from 0 dollars in the third quarter of 2012. Analysts had expected a more modest 18 cents.
On the other hand, the revenue figure was lower than expected, rising by 5,4% to 21,53 billion. In the nine months ending in September, net income rose to 8 billion from 3,5 billion in the first nine months of 2012.
Compared to the same quarter of 2012, according to a note, the results for the three months ending in September 2013 are linked to an improvement in credit quality, lower expenses and improvements in income from equity investments, brokerage and from net interest. On the other hand, lower income from mortgages and the negative impact linked to the recalculation of some tax items weighed.
