Bank of America delivered quarterly earnings that topped analysts' expectations on Wednesday.
Shares of Bank of America rose more than 1.5 percent in premarket trading following the announcement. (Get the latest quote here.)
The banking giant posted third-quarter adjusted earnings of 37 cents per share, reversing a year-earlier loss related to a multibillion-dollar settlement with the U.S. government over mortgages.
Total revenue on a fully taxable equivalent basis fell 2.4 percent to $20.91 billion.
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Analysts expected the company to post earnings per share of 33 cents on revenue of $20.77 billion, according to a Thomson Reuters consensus estimate.