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StockWatch: Wall Street Banks Top Earnings!

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The Bank of America posted Q3 results that exceeded expectations.

Shares of the bank climbed by 2.5% as revenue came in at $22.87bn, versus the $21.8bn estimate.

Wells Fargo also posted a jump in profit, boosted by a release of its credit loss reserves as the recovery from the coronavirus pandemic accelerated in 2021.

Timestamps:

  • BAC 01:35
  • WFC 03:00

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